Latest Stocks: Coca-Cola European Partners plc (CCE) Rating Reiterated by Barclays PLC

Latest Stocks: Coca-Cola European Partners plc (CCE) Rating Reiterated by Barclays PLC

Coca-Cola European Partners plc (NYSE:CCE)‘s stock had its “buy” rating reiterated by analysts at Barclays PLC in a research note issued on Sunday, May 7th. They currently have a $44.00 price target on the stock. Barclays PLC’s target price indicates a potential upside of 6.72% from the company’s current price.

Several other brokerages have also recently commented on CCE. Argus began coverage on shares of Coca-Cola European Partners plc in a research report on Tuesday, March 7th. They set a “buy” rating and a $44.00 price target for the company. Zacks Investment Research upgraded shares of Coca-Cola European Partners plc from a “sell” rating to a “hold” rating in a report on Friday, January 13th. Citigroup Inc cut shares of Coca-Cola European Partners plc from a “buy” rating to a “neutral” rating in a report on Friday, April 28th. Susquehanna Bancshares Inc set a $39.00 price target on shares of Coca-Cola European Partners plc and gave the company a “hold” rating in a report on Thursday, May 4th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Coca-Cola European Partners plc in a research report on Monday, April 3rd. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Coca-Cola European Partners plc currently has an average rating of “Hold” and an average price target of $42.43.

Shares of Coca-Cola European Partners plc (NYSE CCE) opened at 41.23 on Friday. The stock’s 50 day moving average price is $39.57 and its 200-day moving average price is $35.71. The firm has a market cap of $19.55 billion, a PE ratio of 26.23 and a beta of 1.01. Coca-Cola European Partners plc has a 52-week low of $30.55 and a 52-week high of $41.56.

Coca-Cola European Partners plc (NYSE:CCE) last announced its quarterly earnings results on Thursday, May 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.02. Coca-Cola European Partners plc had a net margin of 8.49% and a return on equity of 21.76%. The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the firm posted $0.41 EPS. On average, equities research analysts anticipate that Coca-Cola European Partners plc will post $2.36 earnings per share for the current fiscal year. The company also recently declared a quarterly dividend, which was paid on Monday, June 5th. Shareholders of record on Monday, May 22nd were issued a dividend of $0.23 per share. This is a positive change from Coca-Cola European Partners plc’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, May 18th. This represents a $0.92 annualized dividend and a yield of 2.23%. Coca-Cola European Partners plc’s dividend payout ratio (DPR) is presently 31.98%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCE. Artisan Partners Limited Partnership raised its position in Coca-Cola European Partners plc by 9.2% in the first quarter. Artisan Partners Limited Partnership now owns 14,626,813 shares of the company’s stock valued at $551,285,000 after buying an additional 1,229,855 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position in Coca-Cola European Partners plc by 106.9% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,443,829 shares of the company’s stock valued at $359,336,000 after buying an additional 5,911,761 shares during the last quarter. Boston Partners raised its position in Coca-Cola European Partners plc by 12.1% in the first quarter. Boston Partners now owns 10,385,613 shares of the company’s stock valued at $391,434,000 after buying an additional 1,118,182 shares during the last quarter. Bank of America Corp DE raised its position in Coca-Cola European Partners plc by 9.2% in the first quarter. Bank of America Corp DE now owns 5,210,956 shares of the company’s stock valued at $196,401,000 after buying an additional 437,276 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its position in Coca-Cola European Partners plc by 0.4% in the third quarter. First Eagle Investment Management LLC now owns 5,174,065 shares of the company’s stock valued at $206,445,000 after buying an additional 21,413 shares during the last quarter. Hedge funds and other institutional investors own 31.73% of the company’s stock. Coca-Cola European Partners plc Company Profile

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