Raymond James Financial Services Advisors Inc. Acquires New Stake in Coca-Cola European Partners PLC (CCE)

Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Coca-Cola European Partners PLC (NYSE:CCE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,865 shares of the company’s stock, valued at approximately $238,000.

Other large investors have also bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Coca-Cola European Partners PLC during the 2nd quarter valued at about $120,000. Advisor Group Inc. boosted its position in shares of Coca-Cola European Partners PLC by 35.5% during the 2nd quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock valued at $132,000 after purchasing an additional 939 shares in the last quarter. Fulton Bank N.A. bought a new position in shares of Coca-Cola European Partners PLC during the 2nd quarter valued at about $201,000. Shikiar Asset Management Inc. acquired a new position in shares of Coca-Cola European Partners PLC in the second quarter worth about $203,000. Finally, Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in shares of Coca-Cola European Partners PLC in the second quarter worth about $212,000. Institutional investors own 29.63% of the company’s stock.

Shares of Coca-Cola European Partners PLC (NYSE CCE) opened at C$39.50 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.95 and a debt-to-equity ratio of 0.76. The stock has a market cap of $19,133.09, a P/E ratio of 16.95, a PEG ratio of 2.09 and a beta of 0.94. Coca-Cola European Partners PLC has a 52-week low of C$30.55 and a 52-week high of C$44.75.

Coca-Cola European Partners PLC (NYSE:CCE) last posted its quarterly earnings results on Tuesday, November 7th. The company reported C$0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.80 by C($0.12). The company had revenue of C$2.96 billion during the quarter, compared to analysts’ expectations of C$2.99 billion. Coca-Cola European Partners PLC had a return on equity of 15.60% and a net margin of 6.78%. Coca-Cola European Partners PLC’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the company earned $0.67 earnings per share. research analysts anticipate that Coca-Cola European Partners PLC will post 2.45 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 20th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Friday, November 17th. Coca-Cola European Partners PLC’s dividend payout ratio (DPR) is 57.14%.

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Several research analysts have commented on the stock. UBS AG reiterated a “buy” rating and issued a $50.00 target price (up from $46.00) on shares of Coca-Cola European Partners PLC in a report on Monday, August 14th. Barclays PLC set a $47.00 target price on shares of Coca-Cola European Partners PLC and gave the stock a “buy” rating in a report on Sunday, August 13th. Deutsche Bank AG reiterated a “hold” rating and issued a $46.00 target price (up from $44.00) on shares of Coca-Cola European Partners PLC in a report on Friday, August 11th. BidaskClub upgraded shares of Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, Susquehanna Bancshares Inc reiterated a “hold” rating on shares of Coca-Cola European Partners PLC in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of C$45.63.

Coca-Cola European Partners PLC Company Profile

Coca-Cola European Partners plc, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready-to-drink beverages. It offers drinks primarily under the Coca-Cola, Diet Coke/Coca-Cola Light, Coke Zero, Coca-Cola Life, Fanta, and Sprite brands. The company also provides energy drinks, waters, juices, sports drinks and ready-to-drink teas.

Institutional Ownership by Quarter for Coca-Cola European Partners PLC (NYSE:CCE)

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