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.
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.
TRADEMARK VIOLATION NOTICE: This report was reported by WKRB News and is owned by of WKRB News. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://www.wkrb13.com/2019/05/15/coca-cola-european-partners-ccep-reaches-new-12-month-high-at-54-88.html.
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.
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.