Coca-Cola European Partners PLC (NYSE:CCE) has received a consensus recommendation of “Buy” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $48.40.
CCE has been the subject of several research analyst reports. ValuEngine upgraded Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. Wells Fargo & Co lifted their target price on 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. Zacks Investment Research upgraded Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Jefferies Financial Group restated a “hold” rating and issued a $46.00 price objective on shares of Coca-Cola European Partners in a report on Wednesday, August 15th. Finally, Macquarie upgraded Coca-Cola European Partners from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $43.00 to $48.00 in a report on Tuesday, September 4th.
Several hedge funds have recently added to or reduced their stakes in CCE. Exane Derivatives raised its holdings in shares of Coca-Cola European Partners by 84,700.0% in the third quarter. Exane Derivatives now owns 2,544 shares of the company’s stock valued at $115,000 after acquiring an additional 2,541 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in Coca-Cola European Partners by 208.1% in the third quarter. Steward Partners Investment Advisory LLC now owns 4,030 shares of the company’s stock valued at $183,000 after purchasing an additional 2,722 shares during the last quarter. Signaturefd LLC grew its stake in Coca-Cola European Partners by 81.4% in the second quarter. Signaturefd LLC now owns 4,570 shares of the company’s stock valued at $186,000 after purchasing an additional 2,051 shares during the last quarter. WINTON GROUP Ltd purchased a new position in Coca-Cola European Partners in the third quarter valued at about $215,000. Finally, Fulton Bank N.A. purchased a new position in Coca-Cola European Partners in the third quarter valued at about $222,000. Hedge funds and other institutional investors own 31.36% of the company’s stock.
Shares of NYSE:CCE traded up $0.18 on Monday, hitting $47.80. 2,410,236 shares of the company’s stock were exchanged, compared to its average volume of 1,982,080. Coca-Cola European Partners has a 12 month low of $36.17 and a 12 month high of $46.90. The company has a market cap of $22.63 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60. The company has a current ratio of 1.01, a quick ratio of 0.81 and a debt-to-equity ratio of 0.77.
The company also recently disclosed a dividend, which was paid on Tuesday, November 20th. Investors of record on Friday, November 9th were issued a $0.32 dividend. The ex-dividend date of this dividend was Thursday, November 8th. Coca-Cola European Partners’s payout ratio is currently 23.43%.
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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