Two Sigma Investments LP raised its stake in shares of Coca-Cola European Partners plc (NYSE:CCE) by 475.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 721,696 shares of the company’s stock after acquiring an additional 596,266 shares during the quarter. Two Sigma Investments LP owned approximately 0.15% of Coca-Cola European Partners worth $28,760,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of CCE. BB&T Securities LLC acquired a new position in Coca-Cola European Partners during the 3rd quarter valued at about $239,000. ETRADE Capital Management LLC acquired a new position in shares of Coca-Cola European Partners in the 4th quarter worth approximately $234,000. LMR Partners LLP acquired a new position in shares of Coca-Cola European Partners in the 4th quarter worth approximately $241,000. 180 Wealth Advisors LLC acquired a new position in shares of Coca-Cola European Partners in the 4th quarter worth approximately $244,000. Finally, Macquarie Group Ltd. acquired a new position in shares of Coca-Cola European Partners in the 3rd quarter worth approximately $256,000. Hedge funds and other institutional investors own 30.87% of the company’s stock.
CCE has been the topic of several analyst reports. Zacks Investment Research raised shares of 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 raised shares of Coca-Cola European Partners from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Morgan Stanley started coverage on shares of Coca-Cola European Partners in a report on Monday, March 26th. They set an “overweight” rating for the company. Deutsche Bank started coverage on shares of Coca-Cola European Partners in a report on Wednesday, December 13th. They set a “buy” rating and a $43.00 price target for the company. Finally, Susquehanna Bancshares reduced their target price on shares of Coca-Cola European Partners from $33.00 to $30.00 and set a “negative” rating for the company in a research note on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. Coca-Cola European Partners currently has a consensus rating of “Hold” and a consensus price target of $43.38.
Shares of Coca-Cola European Partners 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 quick ratio of 0.81 and a current ratio of 1.01. The firm has a market capitalization 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 issued its earnings results on Thursday, February 15th. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.58 billion. Coca-Cola European Partners had a net margin of 5.91% and a return on equity of 16.12%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 EPS. analysts expect 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 given a dividend of $0.32 per share. This is an increase from Coca-Cola European Partners’s previous quarterly dividend of $0.24. The ex-dividend date was Monday, February 26th. This represents a $1.28 annualized dividend and a yield of 3.07%. Coca-Cola European Partners’s dividend payout ratio is 53.56%.
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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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