Signaturefd LLC bought a new position in Coca-Cola European Partners (NYSE:CCE) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,519 shares of the company’s stock, valued at approximately $105,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of CCE. Schwab Charles Investment Management Inc. increased its position in Coca-Cola European Partners by 64.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 126,157 shares of the company’s stock worth $5,028,000 after buying an additional 49,668 shares during the period. Rothschild Investment Corp IL acquired a new stake in Coca-Cola European Partners in the fourth quarter worth $245,000. Sumitomo Mitsui Asset Management Company LTD acquired a new stake in Coca-Cola European Partners in the fourth quarter worth $553,000. Assenagon Asset Management S.A. acquired a new stake in Coca-Cola European Partners in the fourth quarter worth $3,580,000. Finally, Commerzbank Aktiengesellschaft FI increased its position in Coca-Cola European Partners by 17.2% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 30,705 shares of the company’s stock worth $1,224,000 after buying an additional 4,512 shares during the period. 31.55% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have weighed in on CCE. Goldman Sachs raised Coca-Cola European Partners from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 17th. ValuEngine raised Coca-Cola European Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Morgan Stanley began coverage on Coca-Cola European Partners in a research report on Monday, March 26th. They issued an “overweight” rating on the stock. Zacks Investment Research lowered Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, April 18th. Finally, Susquehanna Bancshares dropped their target price on Coca-Cola European Partners from $33.00 to $30.00 and set a “negative” rating on the stock in a research report on Monday, February 12th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Coca-Cola European Partners has an average rating of “Hold” and an average price target of $43.88.
Coca-Cola European Partners opened at $38.59 on Wednesday, MarketBeat.com reports. Coca-Cola European Partners has a 1 year low of $36.17 and a 1 year high of $44.75. The firm has a market capitalization of $18.51 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 1.92 and a beta of 0.76. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 0.82.
Coca-Cola European Partners (NYSE:CCE) last released its quarterly earnings results on Thursday, April 26th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Coca-Cola European Partners had a return on equity of 15.52% and a net margin of 5.70%. The company had revenue of $2.38 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter in the prior year, the business posted $0.31 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year. sell-side analysts predict that Coca-Cola European Partners will post 2.77 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 29th. Stockholders of record on Monday, May 14th will be paid a $0.3195 dividend. The ex-dividend date is Friday, May 11th. This represents a $1.28 annualized dividend and a dividend yield of 3.31%. Coca-Cola European Partners’s payout ratio is 53.56%.
About Coca-Cola European Partners
Coca-Cola European Partners plc, together with its subsidiaries, produces, distributes, and markets a range of nonalcoholic ready-to-drink beverages. The company offers water, juice, isotonic, sparkling flavor and energy drink, and other products. It provides its products primarily under the Coca-Cola, Fanta, and Monster brands, as well as Coca-Cola Zero Sugar, Vio, Royal Bliss, Honest, and GLACÉAU Smartwater brands.
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