ETRADE Capital Management LLC raised its stake in Coca-Cola European Partners (NYSE:CCE) by 39.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,207 shares of the company’s stock after purchasing an additional 2,337 shares during the period. ETRADE Capital Management LLC’s holdings in Coca-Cola European Partners were worth $342,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of CCE. BlackRock Inc. increased its stake in Coca-Cola European Partners by 122.8% in the fourth quarter. BlackRock Inc. now owns 4,204,170 shares of the company’s stock valued at $167,539,000 after purchasing an additional 2,317,252 shares in the last quarter. Wells Fargo & Company MN increased its stake in Coca-Cola European Partners by 199.0% in the first quarter. Wells Fargo & Company MN now owns 2,873,741 shares of the company’s stock valued at $119,721,000 after purchasing an additional 1,912,524 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in Coca-Cola European Partners in the fourth quarter valued at $49,698,000. York Capital Management Global Advisors LLC bought a new stake in Coca-Cola European Partners in the fourth quarter valued at $44,728,000. Finally, Boston Partners increased its stake in Coca-Cola European Partners by 7.5% in the fourth quarter. Boston Partners now owns 11,303,329 shares of the company’s stock valued at $450,438,000 after purchasing an additional 789,615 shares in the last quarter. 31.55% of the stock is owned by hedge funds and other institutional investors.
CCE has been the subject of several research analyst reports. Deutsche Bank lifted their price target on shares of Coca-Cola European Partners from $43.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Zacks Investment Research upgraded shares of Coca-Cola European Partners from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Tuesday, April 17th. Goldman Sachs upgraded shares of Coca-Cola European Partners from a “neutral” rating to a “buy” rating in a report on Tuesday, April 17th. Susquehanna Bancshares reduced their price objective on shares of Coca-Cola European Partners from $33.00 to $30.00 and set a “negative” rating for the company in a report on Monday, February 12th. Finally, Morgan Stanley began coverage on shares of Coca-Cola European Partners in a report on Monday, March 26th. They set an “overweight” rating for the company. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $43.88.
Shares of NYSE CCE opened at $38.59 on Wednesday. The stock has a market cap 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. Coca-Cola European Partners has a 1 year low of $36.17 and a 1 year high of $44.75. 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 issued its quarterly earnings data on Thursday, April 26th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Coca-Cola European Partners had a net margin of 5.70% and a return on equity of 15.52%. The firm had revenue of $2.38 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same period last year, the company earned $0.31 earnings per share. The business’s revenue was down .9% on a year-over-year basis. research analysts anticipate that Coca-Cola European Partners will post 2.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 29th. Investors of record on Monday, May 14th will be issued a dividend of $0.3195 per share. This represents a $1.28 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Friday, May 11th. Coca-Cola European Partners’s dividend payout ratio (DPR) is presently 53.56%.
Coca-Cola European Partners Company Profile
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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