Coca-Cola European Partners (CCEP) Reaches New 12-Month High at $54.88

Coca-Cola European Partners PLC (NYSE:CCEP)’s share price reached a new 52-week high on Monday . The stock traded as high as $54.88 and last traded at $54.71, with a volume of 23026 shares changing hands. The stock had previously closed at $54.69.

CCEP has been the subject of several research reports. ValuEngine lowered shares of Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. Jefferies Financial Group restated a “buy” rating and set a $56.00 price target on shares of Coca-Cola European Partners in a research report on Sunday, February 17th. Finally, Zacks Investment Research lowered shares of Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research report on Monday, March 11th.

The stock has a market cap of $26.50 billion, a price-to-earnings ratio of 20.27, a PEG ratio of 2.12 and a beta of 0.56. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.61 and a current ratio of 0.79.

Coca-Cola European Partners (NYSE:CCEP) last released its quarterly earnings data on Thursday, February 14th. The company reported $0.54 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.08). The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.82 billion. Coca-Cola European Partners had a net margin of 7.89% and a return on equity of 16.44%. Coca-Cola European Partners’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. On average, equities analysts forecast that Coca-Cola European Partners PLC will post 2.87 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Friday, May 24th will be issued a dividend of $0.69 per share. The ex-dividend date is Thursday, May 23rd. This is an increase from Coca-Cola European Partners’s previous quarterly dividend of $0.62. This represents a $2.76 annualized dividend and a yield of 5.01%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCEP. Vanguard Group Inc purchased a new stake in Coca-Cola European Partners during the third quarter valued at about $78,105,000. Vanguard Group Inc. purchased a new stake in Coca-Cola European Partners during the third quarter valued at about $78,105,000. Teachers Advisors LLC purchased a new stake in Coca-Cola European Partners during the third quarter valued at about $60,743,000. TIAA CREF Investment Management LLC purchased a new stake in Coca-Cola European Partners during the third quarter valued at about $43,650,000. Finally, AQR Capital Management LLC purchased a new stake in Coca-Cola European Partners during the third quarter valued at about $417,000. 30.91% of the stock is currently owned by institutional investors and hedge funds.

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About Coca-Cola European Partners (NYSE:CCEP)

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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