Tdam USA Inc. boosted its holdings in shares of Coca-Cola European Partners PLC (NYSE:CCE) by 10.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,567 shares of the company’s stock after buying an additional 1,295 shares during the quarter. Tdam USA Inc.’s holdings in Coca-Cola European Partners were worth $580,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in CCE. Exane Derivatives grew its position in Coca-Cola European Partners by 84,700.0% during the third quarter. Exane Derivatives now owns 2,544 shares of the company’s stock valued at $115,000 after buying an additional 2,541 shares during the period. Steward Partners Investment Advisory LLC grew its position in Coca-Cola European Partners by 208.1% during the third quarter. Steward Partners Investment Advisory LLC now owns 4,030 shares of the company’s stock valued at $183,000 after buying an additional 2,722 shares during the period. Signaturefd LLC grew its position in Coca-Cola European Partners by 81.4% during the second quarter. Signaturefd LLC now owns 4,570 shares of the company’s stock valued at $186,000 after buying an additional 2,051 shares during the period. Fulton Bank N.A. bought a new stake in Coca-Cola European Partners during the third quarter valued at approximately $222,000. Finally, First Trust Advisors LP bought a new stake in Coca-Cola European Partners during the second quarter valued at approximately $228,000. Institutional investors own 31.36% of the company’s stock.
Several brokerages recently issued reports on CCE. Zacks Investment Research lowered shares of Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research report on Friday, October 26th. ValuEngine lowered shares of Coca-Cola European Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Jefferies Financial Group reiterated a “hold” rating and issued a $46.00 price target on shares of Coca-Cola European Partners in a research report on Wednesday, August 15th. Wells Fargo & Co upped their price target on shares of Coca-Cola European Partners from $39.00 to $40.00 and gave the stock a “market perform” rating in a research report on Friday, August 10th. Finally, Susquehanna Bancshares dropped their price target on shares of Coca-Cola European Partners from $50.00 to $48.00 and set a “neutral” rating for the company in a research report on Thursday, October 25th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $47.29.
CCE opened at $46.18 on Tuesday. The company has a market capitalization of $22.20 billion, a price-to-earnings ratio of 19.32, a PEG ratio of 2.07 and a beta of 0.60. Coca-Cola European Partners PLC has a 1-year low of $36.17 and a 1-year high of $46.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.01 and a quick ratio of 0.81.
Coca-Cola European Partners (NYSE:CCE) last released its quarterly earnings results on Thursday, August 9th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.02. The company had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.07 billion. Coca-Cola European Partners had a net margin of 6.26% and a return on equity of 16.36%. Coca-Cola European Partners’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 earnings per share. Equities research analysts anticipate that Coca-Cola European Partners PLC will post 2.62 earnings per share for the current fiscal year.
The company also recently announced a dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Friday, November 9th will be paid a $0.32 dividend. The ex-dividend date is Thursday, November 8th. Coca-Cola European Partners’s dividend payout ratio is currently 23.43%.
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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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