Teacher Retirement System of Texas Acquires 3,649 Shares of Coca-Cola Enterprises Inc. (CCE)
Teacher Retirement System of Texas raised its position in Coca-Cola Enterprises Inc. (NYSE:CCE) by 31.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,390 shares of the company’s stock after buying an additional 3,649 shares during the period. Teacher Retirement System of Texas’ holdings in Coca-Cola Enterprises were worth $549,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in Coca-Cola Enterprises by 73.8% in the first quarter. Goldman Sachs Group Inc. now owns 3,970,297 shares of the company’s stock worth $201,453,000 after buying an additional 1,685,708 shares during the last quarter. Swiss National Bank increased its position in Coca-Cola Enterprises by 160.8% in the second quarter. Swiss National Bank now owns 1,461,146 shares of the company’s stock worth $52,375,000 after buying an additional 900,988 shares during the last quarter. Jennison Associates LLC increased its position in Coca-Cola Enterprises by 101.6% in the second quarter. Jennison Associates LLC now owns 1,723,243 shares of the company’s stock worth $61,503,000 after buying an additional 868,637 shares during the last quarter. Natixis increased its position in Coca-Cola Enterprises by 210.8% in the first quarter. Natixis now owns 1,244,819 shares of the company’s stock worth $63,162,000 after buying an additional 844,256 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in Coca-Cola Enterprises during the second quarter worth about $18,905,000. Institutional investors own 27.12% of the company’s stock.
Coca-Cola Enterprises Inc. (NYSE:CCE) traded down 0.62% during trading on Tuesday, hitting $38.76. 347,633 shares of the stock traded hands. The firm’s 50-day moving average is $39.20 and its 200 day moving average is $43.09. Coca-Cola Enterprises Inc. has a 52 week low of $33.67 and a 52 week high of $54.54. The stock has a market cap of $18.70 billion, a P/E ratio of 29.27 and a beta of 1.02.
Coca-Cola Enterprises (NYSE:CCE) last posted its quarterly earnings results on Thursday, September 22nd. The company reported $0.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by $0.11. Coca-Cola Enterprises had a return on equity of 28.73% and a net margin of 7.56%. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the prior year, the firm earned $0.79 EPS. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. Equities research analysts forecast that Coca-Cola Enterprises Inc. will post $2.12 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Monday, October 3rd will be paid a dividend of $0.1909 per share. The ex-dividend date is Thursday, September 29th. This represents a $0.76 dividend on an annualized basis and a yield of 1.96%. Coca-Cola Enterprises’s dividend payout ratio is currently 34.70%.
A number of analysts recently weighed in on CCE shares. Societe Generale raised shares of Coca-Cola Enterprises from a “hold” rating to a “buy” rating in a report on Tuesday, July 19th. Credit Suisse Group AG started coverage on shares of Coca-Cola Enterprises in a report on Thursday, September 15th. They issued a “neutral” rating on the stock. Zacks Investment Research cut shares of Coca-Cola Enterprises from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 7th. TheStreet raised shares of Coca-Cola Enterprises from a “hold” rating to a “buy” rating in a report on Thursday, September 22nd. Finally, Susquehanna reaffirmed a “hold” rating and issued a $37.00 price objective on shares of Coca-Cola Enterprises in a report on Sunday, July 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Coca-Cola Enterprises has a consensus rating of “Buy” and a consensus price target of $50.54.
About Coca-Cola Enterprises
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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