Westpac Banking Corp decreased its position in shares of Coca-Cola Enterprises Inc. (NYSE:CCE) by 33.8% during the second quarter, Holdings Channel reports. The fund owned 9,920 shares of the company’s stock after selling 5,067 shares during the period. Westpac Banking Corp’s holdings in Coca-Cola Enterprises were worth $354,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the stock. Creative Planning increased its stake in Coca-Cola Enterprises by 91.2% in the second quarter. Creative Planning now owns 3,521 shares of the company’s stock worth $126,000 after buying an additional 1,679 shares during the last quarter. Smithfield Trust Co. increased its stake in Coca-Cola Enterprises by 1,550.0% in the second quarter. Smithfield Trust Co. now owns 3,630 shares of the company’s stock worth $130,000 after buying an additional 3,410 shares during the last quarter. Signaturefd LLC increased its stake in Coca-Cola Enterprises by 381.9% in the second quarter. Signaturefd LLC now owns 3,730 shares of the company’s stock worth $133,000 after buying an additional 2,956 shares during the last quarter. Advisor Partners LLC increased its stake in Coca-Cola Enterprises by 0.4% in the first quarter. Advisor Partners LLC now owns 4,271 shares of the company’s stock worth $217,000 after buying an additional 16 shares during the last quarter. Finally, Brown Advisory Inc. bought a new stake in Coca-Cola Enterprises during the second quarter worth about $227,000. Institutional investors own 27.12% of the company’s stock.
Shares of Coca-Cola Enterprises Inc. (NYSE:CCE) opened at 38.85 on Friday. The stock has a market capitalization of $18.75 billion, a PE ratio of 29.34 and a beta of 1.02. The stock’s 50 day moving average is $39.27 and its 200 day moving average is $42.88. Coca-Cola Enterprises Inc. has a 52 week low of $33.67 and a 52 week high of $54.54.
Coca-Cola Enterprises (NYSE:CCE) last posted its quarterly earnings data on Thursday, September 22nd. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by $0.11. The company earned $2.87 billion during the quarter, compared to the consensus estimate of $3.03 billion. Coca-Cola Enterprises had a net margin of 7.56% and a return on equity of 28.73%. The company’s revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the business earned $0.79 earnings per share. Analysts anticipate that Coca-Cola Enterprises Inc. will post $2.12 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be paid a dividend of $0.1909 per share. This represents a $0.76 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, September 29th. Coca-Cola Enterprises’s dividend payout ratio is presently 34.70%.
CCE has been the subject of a number of research reports. TheStreet upgraded shares of Coca-Cola Enterprises from a “hold” rating to a “buy” rating in a research report on Thursday, September 22nd. Deutsche Bank AG restated a “buy” rating and set a $47.00 price objective on shares of Coca-Cola Enterprises in a research report on Friday, June 10th. Evercore ISI restated a “buy” rating on shares of Coca-Cola Enterprises in a research report on Sunday, June 26th. Societe Generale upgraded Coca-Cola Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, July 19th. Finally, Susquehanna restated a “hold” rating on shares of Coca-Cola Enterprises in a research report on Sunday, July 17th. 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 stock. Coca-Cola Enterprises currently has a consensus rating of “Buy” and an average price target 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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