Coca-Cola European Partners (CCE) Cut to Neutral at Susquehanna Bancshares

Susquehanna Bancshares downgraded shares of Coca-Cola European Partners (NYSE:CCE) from a neutral rating to a neutral rating in a research report report published on Monday, November 13th, Marketbeat.com reports. The firm currently has $33.00 target price on the stock, down from their previous target price of $38.00.

A number of other analysts have also recently commented on CCE. Deutsche Bank cut shares of Coca-Cola European Partners from a buy rating to a hold rating in a report on Thursday, July 20th. Barclays reaffirmed a buy rating and set a $46.00 target price on shares of Coca-Cola European Partners in a report on Friday, July 21st. BidaskClub upgraded shares of Coca-Cola European Partners from a hold rating to a buy rating in a research report on Thursday, August 3rd. UBS reiterated a buy rating and set a $50.00 price objective (up previously from $46.00) on shares of Coca-Cola European Partners in a research report on Monday, August 14th. Finally, Zacks Investment Research lowered shares of Coca-Cola European Partners from a strong-buy rating to a hold rating in a research report on Monday, September 11th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $44.88.

Coca-Cola European Partners (NYSE CCE) opened at $39.75 on Monday. The stock has a market cap of $18,890.00, a P/E ratio of 16.73, a PEG ratio of 2.06 and a beta of 0.90. Coca-Cola European Partners has a 52 week low of $30.55 and a 52 week high of $44.75. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.76.

Coca-Cola European Partners (NYSE:CCE) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.12). Coca-Cola European Partners had a net margin of 6.78% and a return on equity of 15.60%. The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.99 billion. During the same period in the previous year, the firm earned $0.67 earnings per share. The firm’s revenue for the quarter was down .7% on a year-over-year basis. research analysts forecast that Coca-Cola European Partners will post 2.45 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 20th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Friday, November 17th. Coca-Cola European Partners’s dividend payout ratio is currently 67.61%.

Several institutional investors and hedge funds have recently made changes to their positions in CCE. Capital World Investors increased its stake in Coca-Cola European Partners by 6.8% in the 2nd quarter. Capital World Investors now owns 22,083,787 shares of the company’s stock worth $898,148,000 after buying an additional 1,398,929 shares during the period. Artisan Partners Limited Partnership increased its stake in Coca-Cola European Partners by 0.8% in the 3rd quarter. Artisan Partners Limited Partnership now owns 16,772,887 shares of the company’s stock worth $698,088,000 after buying an additional 139,127 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Coca-Cola European Partners by 6.4% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 11,506,938 shares of the company’s stock worth $478,918,000 after buying an additional 692,923 shares during the period. Boston Partners increased its stake in Coca-Cola European Partners by 1.2% in the 2nd quarter. Boston Partners now owns 10,511,025 shares of the company’s stock worth $427,483,000 after buying an additional 125,412 shares during the period. Finally, First Eagle Investment Management LLC increased its stake in Coca-Cola European Partners by 14.6% in the 3rd quarter. First Eagle Investment Management LLC now owns 6,373,721 shares of the company’s stock worth $265,274,000 after buying an additional 811,835 shares during the period. 29.35% of the stock is currently owned by institutional investors and hedge funds.

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About Coca-Cola European Partners

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.

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

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