Symons Capital Management Inc. Has $7.08 Million Position in Coca-Cola European Partners PLC (CCE)

Symons Capital Management Inc. decreased its position in shares of Coca-Cola European Partners PLC (NYSE:CCE) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,167 shares of the company’s stock after selling 2,268 shares during the period. Coca-Cola European Partners PLC comprises about 1.7% of Symons Capital Management Inc.’s holdings, making the stock its 29th largest position. Symons Capital Management Inc.’s holdings in Coca-Cola European Partners PLC were worth $7,084,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Jacobus Wealth Management Inc. bought a new stake in Coca-Cola European Partners PLC during the first quarter worth about $115,000. SG Americas Securities LLC bought a new stake in Coca-Cola European Partners PLC during the second quarter worth about $120,000. Creative Planning raised its stake in Coca-Cola European Partners PLC by 61.1% in the first quarter. Creative Planning now owns 3,696 shares of the company’s stock worth $139,000 after buying an additional 1,402 shares during the last quarter. Fulton Bank N.A. bought a new stake in Coca-Cola European Partners PLC during the second quarter worth about $201,000. Finally, Shikiar Asset Management Inc. bought a new stake in Coca-Cola European Partners PLC during the second quarter worth about $203,000. Institutional investors own 32.40% of the company’s stock.

Coca-Cola European Partners PLC (NYSE:CCE) opened at 43.67 on Tuesday. The firm has a 50-day moving average price of $42.63 and a 200-day moving average price of $39.27. Coca-Cola European Partners PLC has a 52 week low of $30.55 and a 52 week high of $44.75. The company has a market capitalization of $21.15 billion, a price-to-earnings ratio of 23.17 and a beta of 0.95.

Coca-Cola European Partners PLC (NYSE:CCE) last posted its quarterly earnings results on Thursday, August 10th. The company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.10. The business had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Coca-Cola European Partners PLC had a return on equity of 15.74% and a net margin of 6.93%. During the same period last year, the firm earned $0.56 earnings per share. Analysts anticipate that Coca-Cola European Partners PLC will post $2.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 28th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, August 24th. This is a boost from Coca-Cola European Partners PLC’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 2.30%. Coca-Cola European Partners PLC’s dividend payout ratio (DPR) is currently 51.98%.

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A number of research firms recently issued reports on CCE. Susquehanna Bancshares Inc reiterated a “hold” rating on shares of Coca-Cola European Partners PLC in a research note on Thursday, August 10th. Argus boosted their price objective on Coca-Cola European Partners PLC from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, May 24th. Zacks Investment Research upgraded Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Monday, July 10th. ABN Amro reiterated a “sell” rating on shares of Coca-Cola European Partners PLC in a research note on Friday, April 28th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $38.00 price objective on shares of Coca-Cola European Partners PLC in a research note on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. Coca-Cola European Partners PLC currently has a consensus rating of “Hold” and a consensus target price of $44.75.

About Coca-Cola European Partners PLC

Coca-Cola Enterprises, Inc (CCE) markets, produces and distributes nonalcoholic beverages. The Company serves customers across Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway and Sweden. The Company’s segments include Europe and Corporate. CCE is The Coca-Cola Company’s strategic bottling partner in Western Europe.

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

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