Lazard Asset Management LLC trimmed its position in shares of Coca-Cola European Partners plc (NYSE:CCE) by 6.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 334,045 shares of the company’s stock after selling 23,012 shares during the quarter. Lazard Asset Management LLC owned 0.07% of Coca-Cola European Partners worth $13,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Victory Capital Management Inc. boosted its holdings in Coca-Cola European Partners by 24.9% during the 4th quarter. Victory Capital Management Inc. now owns 7,918 shares of the company’s stock worth $316,000 after acquiring an additional 1,578 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Coca-Cola European Partners by 15.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 18,317 shares of the company’s stock worth $762,000 after acquiring an additional 2,419 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Coca-Cola European Partners by 1.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 150,344 shares of the company’s stock worth $6,257,000 after acquiring an additional 2,802 shares during the last quarter. Advisor Group Inc. boosted its holdings in Coca-Cola European Partners by 86.3% during the 3rd quarter. Advisor Group Inc. now owns 6,681 shares of the company’s stock worth $277,000 after acquiring an additional 3,094 shares during the last quarter. Finally, Comerica Bank boosted its holdings in Coca-Cola European Partners by 32.5% during the 4th quarter. Comerica Bank now owns 16,981 shares of the company’s stock worth $677,000 after acquiring an additional 4,163 shares during the last quarter. 30.87% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have issued reports on CCE. ValuEngine raised shares of Coca-Cola European Partners from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Susquehanna Bancshares cut their price objective on shares of Coca-Cola European Partners from $33.00 to $30.00 and set a “negative” rating on the stock in a report on Monday, February 12th. Macquarie downgraded shares of Coca-Cola European Partners from an “outperform” rating to a “neutral” rating and set a $40.00 price target on the stock. in a report on Friday, January 5th. Zacks Investment Research raised shares of Coca-Cola European Partners from a “sell” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Tuesday, January 9th. Finally, Deutsche Bank boosted their price target on shares of Coca-Cola European Partners from $43.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $43.38.
Shares of Coca-Cola European Partners plc (NYSE CCE) traded down $0.84 during trading hours on Wednesday, hitting $41.21. 1,082,006 shares of the company were exchanged, compared to its average volume of 1,703,050. Coca-Cola European Partners plc has a 52 week low of $35.46 and a 52 week high of $44.75. The stock has a market cap of $20,237.46, a P/E ratio of 26.25, a P/E/G ratio of 1.93 and a beta of 0.84. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.76.
Coca-Cola European Partners (NYSE:CCE) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03. Coca-Cola European Partners had a return on equity of 16.37% and a net margin of 5.91%. The business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same period in the previous year, the business posted $0.43 EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. analysts predict that Coca-Cola European Partners plc will post 2.81 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be paid a $0.32 dividend. This is a boost from Coca-Cola European Partners’s previous quarterly dividend of $0.24. This represents a $1.28 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Monday, February 26th. Coca-Cola European Partners’s payout ratio is currently 81.53%.
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About Coca-Cola European Partners
Coca-Cola Enterprises, Inc (CCE) markets, produces and distributes nonalcoholic beverages. The Company serves customers across Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway and Sweden. The Company’s segments include Europe and Corporate. CCE is The Coca-Cola Company’s strategic bottling partner in Western Europe.
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