Coca-Cola European Partners plc (CCE) Hits a New 52-Week High

Paterniano Del Favero
Luglio 18, 2017

Hedge funds and other institutional investors have recently bought and sold shares of the company. Green Square Capital Llc holds 0.17% in Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) or 26,654 shares.

Focused Wealth Management, Inc bolstered its position by buying 6 shares an increase of 0.5% in the quarter. Insiders sold a total of 493,228 shares of company stock worth $22,024,770 in the last ninety days. Finally, Court Place Advisors LLC increased its position in Coca-Cola Company (The) by 1.9% in the first quarter. Prudential PLC now owns 1,370,900 shares of the company's stock worth $56,839,000 after buying an additional 85,004 shares in the last quarter. Finally, Barclays PLC reiterated a "buy" rating and issued a $44.00 target price on shares of Coca-Cola European Partners PLC in a research note on Sunday, May 7th. Perkins Coie Trust Co now owns 3,180 shares of the company's stock worth $143,000 after buying an additional 572 shares during the period.

Coca-Cola Company (KO) opened at 44.68 on Friday. Shares saw a steep decrease in trading volume of 49.18% under the normal average daily volume. The 50 day moving average moved up $1.78 and the 200 day average went up $5.78 or +15.73%.

The company's P/E ratio is 39.97 and the market value is 2.20B.

Yet another important factor while evaluating a good buy/sell decision for The Coca-Cola Company (KO) is its Earnings per Share or EPS. The company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.31 by $0.02. Coca-Cola Company (The) had a return on equity of 33.17% and a net margin of 15.30%. The business had revenue of $9.12 billion during the quarter, compared to the consensus estimate of $8.85 billion. Next quarter's EPS is estimated at $0.79 and the next full year EPS is projected to be $2.66. On average, analysts expect that Coca-Cola Company will post $1.89 earnings per share for the current year. Stockholders of record on Thursday, June 15th were paid a $0.37 dividend. The ex-dividend date was Thursday the 18th of May 2017. This represents a $1.48 annualized dividend and a dividend yield of 3.31%. Now the P/E of The Coca-Cola Company (KO) stands at 31.09. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & worldwide copyright and trademark legislation. The correct version of this piece of content can be accessed at https://www.themarketsdaily.com/2017/07/17/coca-cola-bottling-co-consolidated-nasdaqcoke-raised-to-buy-at-bidaskclub.html.

Several research analysts recently commented on KO shares.

WARNING: "Coca-Cola Company (The) (KO) Earning Somewhat Favorable Media Coverage, Accern Reports" was posted by Community Financial News and is the property of of Community Financial News. UBS AG set a $48.00 target price on shares of Coca-Cola Company (The) and gave the stock a "buy" rating in a report on Tuesday, April 18th. Susquehanna Bancshares Inc set a $38.00 price objective on shares of Coca-Cola Company (The) and gave the stock a hold rating in a report on Saturday, March 25th. On July 27 Citigroup made no change to the company rating of "Neutral" but raised the price target to $158.00 from $132.00. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company's stock. Coca-Cola European Partners PLC presently has an average rating of "Hold" and an average price target of $43.29. Following the completion of the transaction, the insider now directly owns 118,000 shares of the company's stock, valued at approximately $5,333,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Irial Finan sold 354,146 shares of the business's stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $45.20, for a total value of $1,323,546.40. Korea Investment CORP now owns 121,800 shares of the company's stock valued at $4,591,000 after buying an additional 13,600 shares in the last quarter. The disclosure for this sale can be found here. Shares for $629,700 were sold by DOUGLAS J ALEXANDER JR. Insiders own 1.51% of the company's stock.

The company was downgraded on Wednesday, June 7 by BMO Capital Markets. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

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