Coca-Cola Enterprises Inc. (NYSE:CCE) was upgraded by research analysts at TheStreet from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.
Several other brokerages have also issued reports on CCE. Evercore ISI restated a “buy” rating on shares of Coca-Cola Enterprises in a research note on Sunday, June 26th. Susquehanna reiterated a “hold” rating on shares of Coca-Cola Enterprises in a research note on Saturday, June 4th. Vetr upgraded Coca-Cola Enterprises from a “hold” rating to a “strong-buy” rating and set a $55.50 price objective on the stock in a research note on Tuesday, May 31st. Zacks Investment Research upgraded Coca-Cola Enterprises from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. Finally, Societe Generale upgraded Coca-Cola Enterprises from a “hold” rating to a “buy” rating in a research note on Tuesday, July 19th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $50.54.
Coca-Cola Enterprises (NYSE:CCE) traded up 0.02% during trading on Thursday, reaching $40.23. The company’s stock had a trading volume of 3,149,435 shares. Coca-Cola Enterprises has a 52-week low of $33.67 and a 52-week high of $54.54. The stock has a 50-day moving average price of $38.90 and a 200 day moving average price of $43.64. The company has a market cap of $19.63 billion, a PE ratio of 27.94 and a beta of 1.06.
Coca-Cola Enterprises (NYSE:CCE) last issued its earnings results on Thursday, September 22nd. The company reported $0.63 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by $0.11. The firm earned $2.87 billion during the quarter, compared to the consensus estimate of $3.03 billion. Coca-Cola Enterprises had a net margin of 8.21% and a return on equity of 61.11%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.79 earnings per share. On average, analysts expect that Coca-Cola Enterprises will post $2.24 EPS for the current year.
The company also recently disclosed a dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, October 3rd will be issued a $0.1909 dividend. The ex-dividend date of this dividend is Thursday, September 29th. Coca-Cola Enterprises’s payout ratio is currently 49.38%.
Several institutional investors have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. boosted its position in Coca-Cola Enterprises by 89.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,255 shares of the company’s stock worth $166,000 after buying an additional 1,538 shares during the last quarter. Creative Planning raised its stake in Coca-Cola Enterprises 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 Enterprises 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 Enterprises 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. Finally, 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 period. Hedge funds and other institutional investors own 27.13% of the company’s stock.
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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