Advisors Asset Management Inc. lowered its position in Coca-Cola Enterprises Inc. (NYSE:CCE) by 2.0% during the second quarter, Holdings Channel reports. The fund owned 6,607 shares of the company’s stock after selling 137 shares during the period. Advisors Asset Management Inc.’s holdings in Coca-Cola Enterprises were worth $236,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the company. State Street Corp increased its position in Coca-Cola Enterprises by 2.3% in the first quarter. State Street Corp now owns 9,744,459 shares of the company’s stock valued at $494,438,000 after buying an additional 216,662 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Coca-Cola Enterprises by 73.8% in the first quarter. Goldman Sachs Group Inc. now owns 3,970,297 shares of the company’s stock valued at $201,453,000 after buying an additional 1,685,708 shares in the last quarter. Ameriprise Financial Inc. increased its position in Coca-Cola Enterprises by 6.0% in the second quarter. Ameriprise Financial Inc. now owns 3,283,748 shares of the company’s stock valued at $117,194,000 after buying an additional 185,752 shares in the last quarter. Boston Partners increased its position in Coca-Cola Enterprises by 11.8% in the second quarter. Boston Partners now owns 2,256,511 shares of the company’s stock valued at $80,535,000 after buying an additional 237,714 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its position in Coca-Cola Enterprises by 15.9% in the first quarter. Panagora Asset Management Inc. now owns 1,927,010 shares of the company’s stock valued at $97,776,000 after buying an additional 264,803 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.
Coca-Cola Enterprises Inc. (NYSE:CCE) traded down 0.67% on Tuesday, hitting $38.74. 576,056 shares of the stock were exchanged. Coca-Cola Enterprises Inc. has a 52-week low of $33.67 and a 52-week high of $54.54. The firm has a market cap of $18.69 billion, a PE ratio of 29.26 and a beta of 1.02. The company has a 50-day moving average price of $39.20 and a 200-day moving average price of $43.09.
Coca-Cola Enterprises (NYSE:CCE) last announced its quarterly earnings data on Thursday, September 22nd. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.74 by $0.11. Coca-Cola Enterprises had a return on equity of 28.73% and a net margin of 7.56%. The firm earned $2.87 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same period last year, the business posted $0.79 EPS. The company’s revenue was down 3.5% compared to the same quarter last year. On average, equities research analysts anticipate that Coca-Cola Enterprises Inc. will post $2.12 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be issued a $0.1909 dividend. This represents a $0.76 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, September 29th. Coca-Cola Enterprises’s dividend payout ratio (DPR) is currently 34.70%.
Several equities analysts have commented on the stock. Susquehanna reiterated a “hold” rating on shares of Coca-Cola Enterprises in a report on Sunday, July 17th. Zacks Investment Research downgraded shares of Coca-Cola Enterprises from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 27th. Deutsche Bank AG reiterated a “buy” rating and issued a $47.00 price objective on shares of Coca-Cola Enterprises in a report on Friday, June 10th. Credit Suisse Group AG assumed coverage on shares of Coca-Cola Enterprises in a report on Thursday, September 15th. They issued a “neutral” rating on the stock. Finally, Societe Generale upgraded shares of Coca-Cola Enterprises from a “hold” rating to a “buy” rating in a report on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Coca-Cola Enterprises currently has an average rating of “Buy” and a consensus target price of $50.54.
Coca-Cola Enterprises 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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