ValuEngine upgraded shares of Coca-Cola European Partners (NYSE:CCE) from a sell rating to a hold rating in a report released on Saturday morning.

CCE has been the subject of several other reports. Zacks Investment Research upgraded shares of Coca-Cola European Partners from a sell rating to a hold rating in a research note on Wednesday, May 30th. Wells Fargo & Co lifted their price objective on shares of Coca-Cola European Partners from $39.00 to $40.00 and gave the company a market perform rating in a research note on Friday, August 10th. Finally, Jefferies Financial Group restated a hold rating and set a $46.00 price objective on shares of Coca-Cola European Partners in a research note on Wednesday, August 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $42.83.

Shares of NYSE CCE opened at $42.58 on Friday. 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 12 month low of $36.17 and a 12 month high of $44.14. The company has a market cap of $20.65 billion, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 2.26 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 consensus estimate of $0.65 by $0.02. Coca-Cola European Partners had a net margin of 5.97% and a return on equity of 15.85%. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the previous year, the business posted $0.67 EPS. The business’s quarterly revenue was up .1% compared to the same quarter last year. equities research analysts forecast that Coca-Cola European Partners will post 2.62 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 6th. Investors of record on Wednesday, August 22nd will be paid a $0.3008 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Tuesday, August 21st. Coca-Cola European Partners’s dividend payout ratio is currently 23.43%.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. First Republic Investment Management Inc. lifted its stake in shares of Coca-Cola European Partners by 22.0% in the 2nd quarter. First Republic Investment Management Inc. now owns 10,196 shares of the company’s stock valued at $415,000 after purchasing an additional 1,838 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Coca-Cola European Partners by 8.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 24,778 shares of the company’s stock valued at $1,032,000 after purchasing an additional 2,007 shares during the period. Signaturefd LLC lifted its stake in shares of Coca-Cola European Partners by 81.4% in the 2nd quarter. Signaturefd LLC now owns 4,570 shares of the company’s stock valued at $186,000 after purchasing an additional 2,051 shares during the period. Toronto Dominion Bank lifted its stake in shares of Coca-Cola European Partners by 16.6% in the 1st quarter. Toronto Dominion Bank now owns 15,628 shares of the company’s stock valued at $652,000 after purchasing an additional 2,221 shares during the period. Finally, Manning & Napier Group LLC lifted its stake in shares of Coca-Cola European Partners by 4.3% in the 1st quarter. Manning & Napier Group LLC now owns 55,932 shares of the company’s stock valued at $2,330,000 after purchasing an additional 2,287 shares during the period. Hedge funds and other institutional investors own 31.16% of the company’s stock.

Coca-Cola European Partners Company Profile

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.

Further Reading: Should I invest in “strong buy” stocks?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

Receive News & Ratings for Coca-Cola European Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola European Partners and related companies with MarketBeat.com's FREE daily email newsletter.