Conning Inc. Has $234,000 Position in Coca-Cola Enterprises Inc. (CCE)
Conning Inc. decreased its position in shares of Coca-Cola Enterprises Inc. (NYSE:CCE) by 1.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,567 shares of the company’s stock after selling 122 shares during the period. Conning Inc.’s holdings in Coca-Cola Enterprises were worth $234,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Advisor Partners LLC raised its stake in Coca-Cola Enterprises by 0.4% in the first quarter. Advisor Partners LLC now owns 4,271 shares of the company’s stock worth $217,000 after buying an additional 16 shares during the last quarter. Kwmg LLC raised its stake in Coca-Cola Enterprises by 2.1% in the second quarter. Kwmg LLC now owns 18,521 shares of the company’s stock worth $661,000 after buying an additional 384 shares during the last quarter. Commonwealth Equity Services Inc raised its stake in Coca-Cola Enterprises by 12.1% in the first quarter. Commonwealth Equity Services Inc now owns 6,073 shares of the company’s stock worth $308,000 after buying an additional 654 shares during the last quarter. BB&T Securities LLC raised its stake in Coca-Cola Enterprises by 3.5% in the first quarter. BB&T Securities LLC now owns 24,232 shares of the company’s stock worth $1,229,000 after buying an additional 820 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its stake in Coca-Cola Enterprises by 0.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 323,404 shares of the company’s stock worth $16,410,000 after buying an additional 1,000 shares during the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.
Shares of Coca-Cola Enterprises Inc. (NYSE:CCE) traded up 0.62% during trading on Thursday, hitting $39.25. The stock had a trading volume of 670,420 shares. Coca-Cola Enterprises Inc. has a 12-month low of $33.67 and a 12-month high of $54.54. The firm has a 50 day moving average price of $39.25 and a 200 day moving average price of $42.95. The firm has a market cap of $18.94 billion, a P/E ratio of 29.65 and a beta of 1.02.
Coca-Cola Enterprises (NYSE:CCE) last issued its quarterly earnings results on Thursday, September 22nd. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by $0.11. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $3.03 billion. Coca-Cola Enterprises had a return on equity of 28.73% and a net margin of 7.56%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 earnings per share. On average, equities analysts expect 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. Stockholders of record on Monday, October 3rd will be given a dividend of $0.1909 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Thursday, September 29th. Coca-Cola Enterprises’s payout ratio is presently 34.70%.
A number of analysts have commented on the company. Evercore ISI reissued a “buy” rating on shares of Coca-Cola Enterprises in a report on Sunday, June 26th. Susquehanna reissued a “hold” rating on shares of Coca-Cola Enterprises in a report on Sunday, July 17th. Credit Suisse Group AG assumed coverage on Coca-Cola Enterprises in a report on Thursday, September 15th. They issued a “neutral” rating for the company. Deutsche Bank AG reissued a “buy” rating and issued a $47.00 target price on shares of Coca-Cola Enterprises in a report on Friday, June 10th. Finally, Zacks Investment Research raised Coca-Cola Enterprises from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Coca-Cola Enterprises has an average rating of “Buy” and a consensus target price 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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