Coca-Cola European Partners PLC (NYSE:CCEP) Given Consensus Recommendation of “Buy” by Brokerages

Coca-Cola European Partners PLC (NYSE:CCEP) has been assigned an average rating of “Buy” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $51.50.

CCEP has been the subject of a number of research analyst reports. ValuEngine upgraded Coca-Cola European Partners from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Zacks Investment Research lowered Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Finally, Morgan Stanley lowered Coca-Cola European Partners from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, June 12th. They noted that the move was a valuation call.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC acquired a new stake in Coca-Cola European Partners in the 1st quarter worth about $53,000. ZWJ Investment Counsel Inc. acquired a new stake in Coca-Cola European Partners in the 1st quarter worth about $233,000. Adirondack Research & Management Inc. acquired a new stake in Coca-Cola European Partners in the 1st quarter worth about $333,000. First Trust Advisors LP acquired a new stake in Coca-Cola European Partners in the 1st quarter worth about $1,073,000. Finally, Marshall Wace LLP acquired a new stake in Coca-Cola European Partners in the 1st quarter worth about $5,946,000. 30.32% of the stock is currently owned by institutional investors and hedge funds.

Shares of CCEP stock traded down $0.15 during mid-day trading on Monday, reaching $57.19. The stock had a trading volume of 896,700 shares, compared to its average volume of 1,216,828. Coca-Cola European Partners has a 12-month low of $39.77 and a 12-month high of $58.35. The firm has a market capitalization of $27.77 billion, a P/E ratio of 21.03, a P/E/G ratio of 2.23 and a beta of 0.50. The firm’s 50-day moving average is $56.29. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.61 and a current ratio of 0.79.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Friday, May 24th were paid a dividend of $0.69 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.83%. This is a positive change from Coca-Cola European Partners’s previous quarterly dividend of $0.62.

Coca-Cola European Partners Company Profile

Coca-Cola European Partners plc, together with its subsidiaries, produces, markets, distributes, and sells a range of nonalcoholic ready-to-drink beverages. The company offers sparkling flavors, energy drinks, juices, isotonics, and other drinks, as well as water. It provides its products primarily under the Coca-Cola, Fanta, and Sprite brands, as well as Coca-Cola Zero Sugar, Mezzo Mix, Schweppes, Royal Bliss, Fïnle, Monster, GLACÉAU Smartwater, Vio, Chaudfontaine, Fuze Tea, Honest Coffee, Oasis, Capri-Sun, Honest, and Tropico brands.

Read More: Book Value Per Share – BVPS

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

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.