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.
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.
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