Investors Buy Coca-Cola European Partners (CCE) on Weakness

Traders purchased shares of Coca-Cola European Partners PLC (NYSE:CCE) on weakness during trading on Tuesday. $15.81 million flowed into the stock on the tick-up and $8.12 million flowed out of the stock on the tick-down, for a money net flow of $7.69 million into the stock. Of all companies tracked, Coca-Cola European Partners had the 29th highest net in-flow for the day. Coca-Cola European Partners traded down ($0.02) for the day and closed at $41.97

CCE has been the topic of several recent research reports. Jefferies Financial Group reaffirmed a “hold” rating on shares of Coca-Cola European Partners in a research note on Thursday, April 26th. Zacks Investment Research upgraded Coca-Cola European Partners from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Tuesday, April 17th. 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 increased 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. Finally, Goldman Sachs Group upgraded Coca-Cola European Partners from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Coca-Cola European Partners presently has an average rating of “Hold” and an average target price of $42.57.

The firm has a market cap of $20.45 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 2.21 and a beta of 0.68. 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 (NYSE:CCE) last released its quarterly earnings results on Thursday, August 9th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.07 billion. Coca-Cola European Partners had a return on equity of 15.85% and a net margin of 5.97%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 EPS. analysts forecast that Coca-Cola European Partners PLC will post 2.66 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 6th. Shareholders of record on Wednesday, August 22nd will be issued a dividend of $0.3008 per share. This represents a $1.20 annualized dividend and a yield of 2.87%. The ex-dividend date is Tuesday, August 21st. Coca-Cola European Partners’s dividend payout ratio is presently 33.89%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC purchased a new position in Coca-Cola European Partners during the 1st quarter valued at approximately $105,000. Mount Yale Investment Advisors LLC purchased a new position in Coca-Cola European Partners during the 1st quarter valued at approximately $108,000. Cerebellum GP LLC purchased a new position in Coca-Cola European Partners during the 2nd quarter valued at approximately $180,000. Fulton Bank N.A. purchased a new position in Coca-Cola European Partners during the 1st quarter valued at approximately $206,000. Finally, Bayesian Capital Management LP purchased a new position in Coca-Cola European Partners during the 1st quarter valued at approximately $229,000. Institutional investors and hedge funds own 32.42% of the company’s stock.

About Coca-Cola European Partners (NYSE:CCE)

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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