State Street Corp decreased its stake in shares of Coca-Cola European Partners PLC (NYSE:CCE) by 1.6% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 889,866 shares of the company’s stock after selling 14,074 shares during the period. State Street Corp owned about 0.19% of Coca-Cola European Partners PLC worth $33,544,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. Jacobus Wealth Management Inc. acquired a new stake in shares of Coca-Cola European Partners PLC during the first quarter valued at approximately $115,000. Creative Planning boosted its position in Coca-Cola European Partners PLC by 61.1% in the first quarter. Creative Planning now owns 3,696 shares of the company’s stock valued at $139,000 after buying an additional 1,402 shares in the last quarter. Pinnacle Bank purchased a new position in Coca-Cola European Partners PLC during the first quarter valued at about $182,000. Yorktown Management & Research Co Inc purchased a new position in Coca-Cola European Partners PLC during the first quarter valued at about $211,000. Finally, Raymond James Trust N.A. purchased a new position in Coca-Cola European Partners PLC during the first quarter valued at about $221,000. Institutional investors and hedge funds own 32.40% of the company’s stock.
Shares of Coca-Cola European Partners PLC (NYSE CCE) opened at 43.78 on Friday. The stock has a market cap of $21.20 billion, a price-to-earnings ratio of 23.13 and a beta of 0.95. The company has a 50-day moving average of $42.55 and a 200 day moving average of $39.14. Coca-Cola European Partners PLC has a one year low of $30.55 and a one year high of $44.75.
Coca-Cola European Partners PLC (NYSE:CCE) last released its earnings results on Thursday, August 10th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.10. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.77 billion. Coca-Cola European Partners PLC had a return on equity of 15.74% and a net margin of 6.93%. During the same quarter last year, the company earned $0.56 earnings per share. On average, equities analysts forecast that Coca-Cola European Partners PLC will post $2.51 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Monday, August 28th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, August 24th. This is an increase from Coca-Cola European Partners PLC’s previous quarterly dividend of $0.23. Coca-Cola European Partners PLC’s payout ratio is 51.98%.
COPYRIGHT VIOLATION NOTICE: This story was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this story on another site, it was stolen and republished in violation of U.S. & international copyright legislation. The legal version of this story can be read at https://stocknewstimes.com/2017/08/19/coca-cola-european-partners-plc-nysecce-shares-sold-by-state-street-corp-updated-updated.html.
Several equities analysts recently issued reports on CCE shares. Jefferies Group LLC reiterated a “hold” rating and issued a $42.00 target price on shares of Coca-Cola European Partners PLC in a research note on Wednesday, June 14th. Barclays PLC reiterated a “buy” rating and issued a $46.00 target price on shares of Coca-Cola European Partners PLC in a research note on Friday, July 21st. Citigroup Inc. cut shares of Coca-Cola European Partners PLC from a “buy” rating to a “neutral” rating in a research note on Friday, April 28th. UBS AG reiterated a “buy” rating and issued a $44.00 target price (up from $42.00) on shares of Coca-Cola European Partners PLC in a research note on Friday, May 5th. Finally, Susquehanna Bancshares Inc set a $39.00 target price on shares of Coca-Cola European Partners PLC and gave the company a “hold” rating in a research note on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $44.75.
Coca-Cola European Partners PLC 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.
Receive News & Ratings for Coca-Cola European Partners PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola European Partners PLC and related companies with MarketBeat.com's FREE daily email newsletter.
