Two Sigma Investments LP boosted its stake in shares of Coca-Cola European Partners plc (NYSE:CCE) by 475.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 721,696 shares of the company’s stock after purchasing an additional 596,266 shares during the period. Two Sigma Investments LP’s holdings in Coca-Cola European Partners were worth $28,760,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BB&T Securities LLC acquired a new stake in shares of Coca-Cola European Partners during the 3rd quarter valued at about $239,000. ETRADE Capital Management LLC acquired a new stake in shares of Coca-Cola European Partners during the 4th quarter valued at about $234,000. LMR Partners LLP acquired a new stake in shares of Coca-Cola European Partners during the 4th quarter valued at about $241,000. 180 Wealth Advisors LLC acquired a new stake in shares of Coca-Cola European Partners during the 4th quarter valued at about $244,000. Finally, Macquarie Group Ltd. acquired a new stake in shares of Coca-Cola European Partners during the 3rd quarter valued at about $256,000. 30.87% of the stock is currently owned by institutional investors.
Coca-Cola European Partners plc (NYSE:CCE) opened at $41.21 on Thursday. 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 plc has a 12 month low of $35.46 and a 12 month high of $44.75. The firm has a market cap of $20,368.24, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 1.94 and a beta of 0.84.
Coca-Cola European Partners (NYSE:CCE) last released its earnings results on Thursday, February 15th. The company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.03. Coca-Cola European Partners had a net margin of 5.91% and a return on equity of 16.37%. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same period last year, the company posted $0.43 EPS. The business’s revenue was up 3.3% on a year-over-year basis. sell-side analysts predict that Coca-Cola European Partners plc will post 2.81 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.11%. This is a positive change from Coca-Cola European Partners’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, February 26th. Coca-Cola European Partners’s dividend payout ratio (DPR) is 81.53%.
A number of research firms have recently commented on CCE. Zacks Investment Research upgraded Coca-Cola European Partners from a “sell” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Tuesday, January 9th. ValuEngine upgraded Coca-Cola European Partners from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Deutsche Bank began coverage on Coca-Cola European Partners in a report on Wednesday, December 13th. They issued a “buy” rating and a $43.00 price objective on the stock. Susquehanna Bancshares lowered their price objective on 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. Finally, Macquarie cut Coca-Cola European Partners from an “outperform” rating to a “neutral” rating and set a $40.00 price objective on the stock. in a report on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. Coca-Cola European Partners has an average rating of “Hold” and a consensus target price of $43.38.
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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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