Zacks Investment Research upgraded shares of Coca-Cola European Partners (NYSE:CCE) from a sell rating to a hold rating in a research note issued to investors on Tuesday.

According to Zacks, “Coca-Cola European Partners PLC is a consumer packaged goods company. It is engaged in producing, distributing and marketing nonalcoholic ready-to-drink beverages. It operates primarily in Andorra, Belgium, continental France, Germany, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, Portugal, Spain and Sweden. Coca-Cola European Partners PLC, formerly known as Coca-Cola Enterprises Inc., is headquartered in Uxbridge, United Kingdom. “

A number of other research analysts have also weighed in on CCE. ValuEngine upgraded Coca-Cola European Partners from a sell rating to a hold rating in a report on Friday, June 29th. Wells Fargo & Co raised their target price on Coca-Cola European Partners from $39.00 to $40.00 and gave the company a market perform rating in a report on Friday, August 10th. Jefferies Financial Group restated a hold rating and issued a $46.00 target price on shares of Coca-Cola European Partners in a report on Wednesday, August 15th. Macquarie upgraded Coca-Cola European Partners from a neutral rating to an outperform rating and raised their target price for the company from $43.00 to $48.00 in a report on Tuesday, September 4th. Finally, UBS Group upgraded Coca-Cola European Partners to a neutral rating in a report on Friday, September 14th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Coca-Cola European Partners has an average rating of Buy and an average price target of $44.43.

NYSE CCE opened at $45.77 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. Coca-Cola European Partners has a one year low of $36.17 and a one year high of $45.95. The company has a market cap of $22.04 billion, a P/E ratio of 19.15, a price-to-earnings-growth ratio of 2.43 and a beta of 0.70.

Coca-Cola European Partners (NYSE:CCE) last announced its quarterly earnings data on Thursday, August 9th. The company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.02. Coca-Cola European Partners had a return on equity of 15.85% and a net margin of 5.97%. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the firm posted $0.67 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. research analysts predict that Coca-Cola European Partners will post 2.62 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 6th. Stockholders of record on Wednesday, August 22nd were issued a $0.3008 dividend. The ex-dividend date was Tuesday, August 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.63%. Coca-Cola European Partners’s dividend payout ratio is presently 23.43%.

Hedge funds have recently bought and sold shares of the company. Highland Capital Management LP bought a new stake in Coca-Cola European Partners during the first quarter worth $542,000. Wells Fargo & Company MN lifted its holdings in Coca-Cola European Partners by 24.3% during the second quarter. Wells Fargo & Company MN now owns 3,572,178 shares of the company’s stock worth $145,174,000 after acquiring an additional 698,437 shares during the period. Clinton Group Inc. bought a new stake in Coca-Cola European Partners during the second quarter worth $5,242,000. JPMorgan Chase & Co. lifted its holdings in Coca-Cola European Partners by 37.5% during the first quarter. JPMorgan Chase & Co. now owns 521,577 shares of the company’s stock worth $21,729,000 after acquiring an additional 142,177 shares during the period. Finally, Neuberger Berman Group LLC lifted its holdings in Coca-Cola European Partners by 35.5% during the first quarter. Neuberger Berman Group LLC now owns 31,270 shares of the company’s stock worth $1,326,000 after acquiring an additional 8,187 shares during the period. Institutional investors own 31.16% of the company’s stock.

About Coca-Cola European Partners

Coca-Cola European Partners plc, together with its subsidiaries, produces, distributes, and markets a range of nonalcoholic ready-to-drink beverages. The company offers water, juice, isotonic, sparkling flavor and energy drink, and other products. It provides its products primarily under the Coca-Cola, Fanta, and Monster brands, as well as Coca-Cola Zero Sugar, Vio, Royal Bliss, Honest, and GLAC√ČAU Smartwater brands.

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

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