Shares of Coca-Cola European Partners PLC (NYSE:CCE) have received a consensus recommendation of “Buy” from the sixteen research firms that are presently covering the company. Eight research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $44.31.

A number of research analysts recently weighed in on CCE shares. Zacks Investment Research raised Coca-Cola European Partners PLC from a “sell” rating to a “hold” rating in a research note on Friday. Susquehanna reissued a “hold” rating and issued a $37.00 price objective on shares of Coca-Cola European Partners PLC in a research note on Monday, December 19th. Stifel Nicolaus downgraded Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, December 6th. TheStreet downgraded Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a research note on Monday, December 5th. Finally, Jefferies Group reissued a “hold” rating and issued a $38.00 price objective on shares of Coca-Cola European Partners PLC in a research note on Wednesday, December 21st.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Daily Political and is owned by of Daily Political. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark and copyright law. The original version of this news story can be accessed at http://www.dailypolitical.com/2017/01/14/coca-cola-european-partners-plc-cce-receives-consensus-recommendation-of-buy-from-analysts.html.

A number of hedge funds have recently added to or reduced their stakes in the stock. Creative Planning raised its stake in Coca-Cola European Partners PLC by 91.2% in the second quarter. Creative Planning now owns 3,521 shares of the company’s stock worth $126,000 after buying an additional 1,679 shares during the period. Smithfield Trust Co. raised its stake in Coca-Cola European Partners PLC by 1,550.0% in the second quarter. Smithfield Trust Co. now owns 3,630 shares of the company’s stock worth $130,000 after buying an additional 3,410 shares during the period. Signaturefd LLC raised its stake in Coca-Cola European Partners PLC by 381.9% in the second quarter. Signaturefd LLC now owns 3,730 shares of the company’s stock worth $133,000 after buying an additional 2,956 shares during the period. Tower Research Capital LLC TRC acquired a new stake in Coca-Cola European Partners PLC during the third quarter worth about $155,000. Finally, Meeder Asset Management Inc. raised its stake in Coca-Cola European Partners PLC by 19.0% in the third quarter. Meeder Asset Management Inc. now owns 4,917 shares of the company’s stock worth $196,000 after buying an additional 784 shares during the period. 29.91% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola European Partners PLC (NYSE:CCE) opened at 32.15 on Monday. The firm has a market capitalization of $15.46 billion, a price-to-earnings ratio of 23.94 and a beta of 1.00. The firm has a 50 day moving average price of $32.05 and a 200-day moving average price of $36.35. Coca-Cola European Partners PLC has a 12 month low of $30.55 and a 12 month high of $54.54.

The firm also recently announced a special dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were issued a $0.1796 dividend. The ex-dividend date of this dividend was Thursday, December 29th. Coca-Cola European Partners PLC’s dividend payout ratio (DPR) is currently 31.98%.

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.

5 Day Chart for NYSE:CCE

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.