Livingston Group Asset Management CO operating as Southport Capital Management continued to hold its stake in shares of Coca-Cola Enterprises Inc. (NYSE:CCE) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 5,220 shares of the company’s stock at the end of the second quarter. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Coca-Cola Enterprises were worth $186,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Creative Planning raised its stake in shares of Coca-Cola Enterprises by 91.2% in the second quarter. Creative Planning now owns 3,521 shares of the company’s stock valued at $126,000 after buying an additional 1,679 shares during the period. Advisor Partners LLC raised its stake in shares of Coca-Cola Enterprises by 0.4% in the first quarter. Advisor Partners LLC now owns 4,271 shares of the company’s stock valued at $217,000 after buying an additional 16 shares during the period. Prudential PLC bought a new stake in shares of Coca-Cola Enterprises during the first quarter valued at about $254,000. Springbok Capital Management LLC bought a new stake in shares of Coca-Cola Enterprises during the first quarter valued at about $288,000. Finally, Commonwealth Equity Services Inc raised its stake in shares of Coca-Cola Enterprises by 12.1% in the first quarter. Commonwealth Equity Services Inc now owns 6,073 shares of the company’s stock valued at $308,000 after buying an additional 654 shares during the period. Institutional investors and hedge funds own 27.12% of the company’s stock.
Coca-Cola Enterprises Inc. (NYSE:CCE) traded down 2.26% during midday trading on Monday, hitting $39.00. 2,032,647 shares of the stock were exchanged. Coca-Cola Enterprises Inc. has a 12-month low of $33.67 and a 12-month high of $54.54. The firm has a 50 day moving average of $39.20 and a 200-day moving average of $43.09. The stock has a market cap of $18.82 billion, a price-to-earnings ratio of 29.46 and a beta of 1.02.
Coca-Cola Enterprises (NYSE:CCE) last issued its quarterly earnings data on Thursday, September 22nd. The company reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by $0.11. The business earned $2.87 billion during the quarter, compared to analyst estimates of $3.03 billion. Coca-Cola Enterprises had a net margin of 7.56% and a return on equity of 28.73%. Coca-Cola Enterprises’s revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 earnings per share. On average, equities analysts expect that Coca-Cola Enterprises Inc. will post $2.12 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Monday, October 3rd will be paid a $0.1909 dividend. The ex-dividend date is Thursday, September 29th. This represents a $0.76 dividend on an annualized basis and a yield of 1.96%. Coca-Cola Enterprises’s payout ratio is 34.70%.
Several analysts have recently issued reports on CCE shares. Deutsche Bank AG reiterated a “buy” rating and issued a $47.00 target price on shares of Coca-Cola Enterprises in a research report on Friday, June 10th. Evercore ISI reissued a “buy” rating on shares of Coca-Cola Enterprises in a research note on Sunday, June 26th. TheStreet raised shares of Coca-Cola Enterprises from a “hold” rating to a “buy” rating in a research note on Thursday, September 22nd. Societe Generale raised shares of Coca-Cola Enterprises from a “hold” rating to a “buy” rating in a research note on Tuesday, July 19th. Finally, Zacks Investment Research raised shares of Coca-Cola Enterprises from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $50.54.
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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