The company is up from yesterday’s close of $40.57. Shares of the company are trading at $41.84 slightly over the 50 day moving average of $40.70 and which is slightly above the 200 day moving average of $36.70. The 50 day moving average was up $1.10 or +2.71% and the 200 day average was up $5.10.
Coca-Cola European Partners plc, a consumer packaged goods company, produces, distributes, and markets a range of non-alcoholic ready-to-drink beverages in Europe. The company was founded in 2015 and is headquartered in Uxbridge, United Kingdom. Coca-Cola European Partners plc is a subsidiary of The Coca-Cola Company..
Here are a few other firms who have also updated their positions. As of the end of the quarter Green Square Capital LLC had sold 250 shares trimming its position 0.9%. The value of the investment in (CCE) went from $842,000 to $995,000 a change of 18.2% quarter to quarter. Norges Bank reduced its investment by selling 559,825 shares a decrease of 24.9% from 09/30/2015 to 03/31/2016. Norges Bank currently owns 1,690,127 shares valued at $85,757,000. The value of the position overall is down by 21.2%.
Focused Wealth Management, Inc augmented its ownership by buying 6 shares an increase of 0.5% in the quarter. Focused Wealth Management, Inc controls 1,114 shares with a value of $42,000. The total value of its holdings increased 20.0%. As of quarter end Allianz Asset Management AG had acquired a total of 167,573 shares growing its holdings by 73,820.7%. The value of the total investment in Coca-Cola European Partners plc increased from $11,000 to $7,417,000 increasing 67,327.3% quarter over quarter.
On December 6, 2016 the stock rating was set at “Hold” according to a Stifel Nicolaus report which was a cut from the previous “Buy” rating. On October 20, 2016 Kepler Cheuvreux added CCE to its research portfolio with a rating of “Buy”.
On October 10 the stock rating was downgraded from “Buy” to “Neutral” by analysts at Goldman Sachs. On October 10 the company was downgraded to “Neutral” from “” by .
On September 15 analysts at Credit Suisse initiated coverage on CCE by announcing an initial rating of “Neutral”. On July 19 the stock rating was upgraded to “Buy” from “” in a statement from Societe Generale.
Additionally Coca-Cola European Partners plc recently announced a dividend for shareholders which was paid on Monday June 5th, 2017. The dividend payment was $0.268 per share for the quarter or $1.07 on an annualized basis. The dividend yield was $3.42. The ex-dividend date was Thursday the 18th of May 2017.
Coca-Cola European Partners plc’s P/E ratio is 25.82 and the market cap is 19.82B. In the latest earnings report the EPS was $1.62 and is projected to be $2.39 for the current year with 474,193,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.80 with next year’s EPS projected to be $2.68.