Coca-Cola Enterprises Inc. (NYSE:CCE) announced a dividend on Thursday, September 22nd. Shareholders of record on Monday, October 3rd will be paid a dividend of 0.1909 per share on Monday, October 17th. The ex-dividend date of this dividend is Thursday, September 29th.
Shares of Coca-Cola Enterprises (NYSE:CCE) traded down 0.57% during mid-day trading on Friday, reaching $39.99. 1,402,397 shares of the company’s stock traded hands. The company has a 50 day moving average of $38.80 and a 200 day moving average of $43.71. The company has a market cap of $19.52 billion, a price-to-earnings ratio of 27.77 and a beta of 1.06. Coca-Cola Enterprises has a 12 month low of $33.67 and a 12 month high of $54.54.
Coca-Cola Enterprises (NYSE:CCE) last released its quarterly earnings results on Thursday, September 22nd. The company reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by $0.11. The firm had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $3.03 billion. Coca-Cola Enterprises had a return on equity of 61.11% and a net margin of 8.21%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 earnings per share. Analysts expect that Coca-Cola Enterprises will post $2.25 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of the company. Wetherby Asset Management Inc. raised its position in shares of Coca-Cola Enterprises by 2.5% in the second quarter. Wetherby Asset Management Inc. now owns 5,932 shares of the company’s stock worth $212,000 after buying an additional 145 shares during the last quarter. Meiji Yasuda Life Insurance Co purchased a new position in shares of Coca-Cola Enterprises during the second quarter worth $274,000. US Bancorp DE raised its position in shares of Coca-Cola Enterprises by 8.5% in the second quarter. US Bancorp DE now owns 22,666 shares of the company’s stock worth $809,000 after buying an additional 1,768 shares during the last quarter. Pacific Global Investment Management CO raised its position in shares of Coca-Cola Enterprises by 23.6% in the second quarter. Pacific Global Investment Management CO now owns 25,549 shares of the company’s stock worth $912,000 after buying an additional 4,885 shares during the last quarter. Finally, Stevens Capital Management LP raised its position in shares of Coca-Cola Enterprises by 60.0% in the second quarter. Stevens Capital Management LP now owns 37,002 shares of the company’s stock worth $1,321,000 after buying an additional 13,877 shares during the last quarter. 27.13% of the stock is currently owned by institutional investors.
Several research firms have recently weighed in on CCE. Credit Suisse Group AG began coverage on Coca-Cola Enterprises in a report on Thursday, September 15th. They set a “neutral” rating on the stock. Zacks Investment Research upgraded Coca-Cola Enterprises from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Societe Generale upgraded Coca-Cola Enterprises from a “hold” rating to a “buy” rating in a report on Tuesday, July 19th. Susquehanna restated a “hold” rating on shares of Coca-Cola Enterprises in a report on Sunday, July 17th. Finally, Evercore ISI restated a “buy” rating on shares of Coca-Cola Enterprises in a report on Sunday, June 26th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $50.54.
Coca-Cola Enterprises 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.
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