Coca-Cola European Partners (CCE) Price Target Raised to $50.00

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Coca-Cola European Partners (NYSE:CCE) had its target price increased by Bank of America from $48.00 to $50.00 in a research note released on Thursday morning. They currently have a buy rating on the stock.

Several other research analysts also recently commented on the company. UBS Group upgraded Coca-Cola European Partners to a neutral rating in a report on Friday. Wells Fargo & Co upgraded Coca-Cola European Partners from a market perform rating to an outperform rating in a report on Friday. Macquarie upgraded Coca-Cola European Partners from a neutral rating to an outperform rating and lifted their price objective for the stock from $43.00 to $48.00 in a report on Tuesday, September 4th. ValuEngine upgraded Coca-Cola European Partners from a sell rating to a hold rating in a report on Saturday, September 1st. Finally, Jefferies Financial Group reiterated a hold rating and issued a $46.00 price objective on shares of Coca-Cola European Partners in a report on Wednesday, August 15th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Coca-Cola European Partners has a consensus rating of Buy and a consensus price target of $44.43.

Shares of CCE stock opened at $45.50 on Thursday. The stock has a market cap of $21.71 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 2.37 and a beta of 0.70. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.80. Coca-Cola European Partners has a 12-month low of $36.17 and a 12-month high of $45.88.

Coca-Cola European Partners (NYSE:CCE) last released its quarterly earnings data on Thursday, August 9th. The company reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.02. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.07 billion. Coca-Cola European Partners had a return on equity of 15.85% and a net margin of 5.97%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.67 earnings per share. equities research analysts anticipate that Coca-Cola European Partners will post 2.56 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 6th. Investors of record on Wednesday, August 22nd were issued a dividend of $0.3008 per share. The ex-dividend date of this dividend was Tuesday, August 21st. This represents a $1.20 dividend on an annualized basis and a yield of 2.64%. Coca-Cola European Partners’s dividend payout ratio is presently 23.43%.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in Coca-Cola European Partners by 7.6% during the 2nd quarter. BlackRock Inc. now owns 12,348,709 shares of the company’s stock valued at $501,852,000 after purchasing an additional 871,324 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Coca-Cola European Partners by 8.9% during the 1st quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,398,899 shares of the company’s stock valued at $474,879,000 after purchasing an additional 930,340 shares during the period. Boston Partners increased its holdings in Coca-Cola European Partners by 1.7% during the 2nd quarter. Boston Partners now owns 10,782,583 shares of the company’s stock valued at $438,204,000 after purchasing an additional 177,650 shares during the period. FMR LLC increased its holdings in Coca-Cola European Partners by 12.3% during the 2nd quarter. FMR LLC now owns 6,644,819 shares of the company’s stock valued at $270,045,000 after purchasing an additional 728,064 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in Coca-Cola European Partners by 24.3% during the 2nd quarter. Wells Fargo & Company MN now owns 3,572,178 shares of the company’s stock valued at $145,174,000 after purchasing an additional 698,437 shares during the period. Institutional investors own 31.16% of the company’s stock.

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 GLAC√ČAU Smartwater brands.

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Analyst Recommendations for Coca-Cola European Partners (NYSE:CCE)

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