Raymond James Financial Services Advisors Inc. boosted its holdings in Coca-Cola European Partners plc (NYSE:CCE) by 171.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,106 shares of the company’s stock after purchasing an additional 10,167 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Coca-Cola European Partners were worth $642,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. BB&T Securities LLC purchased a new position in shares of Coca-Cola European Partners during the third quarter valued at about $239,000. LMR Partners LLP bought a new stake in Coca-Cola European Partners during the fourth quarter worth about $241,000. Macquarie Group Ltd. bought a new stake in Coca-Cola European Partners during the third quarter worth about $256,000. Rothschild Investment Corp IL bought a new stake in Coca-Cola European Partners during the fourth quarter worth about $245,000. Finally, Advisor Group Inc. boosted its stake in Coca-Cola European Partners by 86.3% during the third quarter. Advisor Group Inc. now owns 6,681 shares of the company’s stock worth $277,000 after acquiring an additional 3,094 shares in the last quarter. 30.87% of the stock is owned by institutional investors and hedge funds.
CCE stock opened at $41.73 on Friday. Coca-Cola European Partners plc has a 52 week low of $36.17 and a 52 week high of $44.75. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.01 and a quick ratio of 0.81. The firm has a market cap of $20,092.14, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 2.05 and a beta of 0.74.
Coca-Cola European Partners (NYSE:CCE) last released its earnings results on Thursday, February 15th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.58 billion. Coca-Cola European Partners had a net margin of 5.91% and a return on equity of 16.12%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business earned $0.43 EPS. research analysts anticipate that Coca-Cola European Partners plc will post 2.81 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Tuesday, February 27th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Monday, February 26th. This is an increase from Coca-Cola European Partners’s previous quarterly dividend of $0.24. Coca-Cola European Partners’s dividend payout ratio (DPR) is currently 53.56%.
Several equities research analysts recently commented on the stock. Morgan Stanley assumed coverage on shares of Coca-Cola European Partners in a research note on Monday, March 26th. They set an “overweight” rating on the stock. ValuEngine upgraded shares of Coca-Cola European Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Deutsche Bank increased their price objective on shares of Coca-Cola European Partners from $43.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Susquehanna Bancshares lowered 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 research report on Monday, February 12th. Finally, Zacks Investment Research cut shares of Coca-Cola European Partners from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $43.38.
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Coca-Cola European Partners Company Profile
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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