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. The Company has bottling rights within its territories for various beverage brands, including products with the name Coca-Cola. The Company offers beverages, such as Coca-Cola trademark beverages, allied beverages, still beverages and certain other beverages specific to the European market. In Great Britain, the Company distributes Schweppes, Dr Pepper, Oasis and Schweppes Abbey Well. The Company distributes Capri-Sun beverages in France, Belgium, the Netherlands and Luxembourg. The Company also produces and distributes Capri-Sun beverages in Great Britain. The Company distributes Monster-branded beverages.
Industry, Sector and Symbol:
- Sector: Consumer Staples
- Industry: Beverages - Soft Drinks
- Sub-Industry: Soft Drinks
- Exchange: NYSE
- Symbol: CCE
- CUSIP: 19122T10
- Previous Close: $35.60
- 50 Day Moving Average: $34.19
- 200 Day Moving Average: $35.99
- 52-Week Range: $30.55 - $54.54
- Trailing P/E Ratio: 26.14
- Foreward P/E Ratio: 16.11
- P/E Growth: 1.70
- Market Cap: $17.12B
- Outstanding Shares: 480,882,000
- Beta: 1.01
- Net Margins: 8.49%
- Return on Equity: 21.76%
- Return on Assets: 6.16%
Companies Related to Coca-Cola European Partners plc:
- Debt-to-Equity Ratio: 0.92%
- Current Ratio: 1.06%
- Quick Ratio: 0.86%
What is Coca-Cola European Partners plc's stock symbol?
Coca-Cola European Partners plc trades on the New York Stock Exchange (NYSE) under the ticker symbol "CCE."
How often does Coca-Cola European Partners plc pay dividends? What is the dividend yield for Coca-Cola European Partners plc?
Coca-Cola European Partners plc declared a special dividend on Thursday, December 15th. Shareholders of record on Friday, December 30th will be paid a dividend of $0.1796 per share on Friday, January 13th. The ex-dividend date is Thursday, December 29th.
Where is Coca-Cola European Partners plc's stock going? Where will Coca-Cola European Partners plc's stock price be in 2017?
11 brokerages have issued 12-month price targets for Coca-Cola European Partners plc's shares. Their predictions range from $37.00 to $65.00. On average, they anticipate Coca-Cola European Partners plc's share price to reach $47.00 in the next twelve months.
When will Coca-Cola European Partners plc announce their earnings?
Coca-Cola European Partners plc is scheduled to release their next quarterly earnings announcement on Tuesday, March, 21st 2017.
What are analysts saying about Coca-Cola European Partners plc stock?
Here are some recent quotes from research analysts about Coca-Cola European Partners plc stock:
According to Zacks Investment Research, "Coca-Cola European Partners PLC is a consumer packaged goods company. It is engaged in producing, distributing and marketing nonalcoholic ready-to-drink beverages. It operates primarily in Andorra, Belgium, continental France, Germany, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, Portugal, Spain and Sweden. Coca-Cola European Partners PLC, formerly known as Coca-Cola Enterprises Inc., is headquartered in Uxbridge, United Kingdom. " (1/13/2017)
Goldman Sachs Group, Inc. (The) analysts commented, "Our Buy thesis is predicated on (1) sizable margin improvement from highly visible cost synergies; (2) double-digit EPS growth outlook over the next three years driven by margin gains and de-leveraging; and (3) potential for a positive multiple re-rating (currently at 15X NTM P/E) as EPS growth accelerates and FCF steps up," analyst Judy Hong wrote in a note.Expectation FiguresHong projects CCEP's pro-forma operating margins to expand by 290bps by 2018, driven mostly by €340 million of cost synergies from the deal. The analyst also forecast CCEP's EPS to grow at a 12 percent CAGR over the next three years, off of a pro-forma 2015 EPS base of €1.90.For FY16/17/18, Hong expects EPS of $2.40/$2.58/$2.95 and EUR-based EPS estimates are €2.05/€2.30/€2.63. The analyst expects the company to deliver strong EPS growth on high-single-digit EBIT growth and lower interest costs from de-leveraging."We see CCE benefiting from increased consolidation of KO's bottling network, outsized EBIT growth from realization of cost synergies, and upside optionality over time on potential for top-line improvement and further consolidation opportunity," Hong highlighted.Although the analyst models only modest sales growth, Hong sees "potential for stronger sales acceleration in 2017/18 on improving macros and better alignment" with The Coca-Cola Co (NYSE: KO). Moreover, the analyst noted that CCEP "could be a platform to consolidate/swap additional territories in broader Europe."CatalystsFurther, Hong said CCEP would have reduced impact from the market volatility as its revenue profile is more balanced geographically across Western Europe."We also believe CCEP should benefit from dominant share across Western Europe, with KO's overall CSD sales market share of 55 percent; by country, share is strongest in France (72 percent), followed by Sweden (67 percent) and Belgium (62 percent), with room to grow share in Germany (41 percent)," Hong said."From an alternate category perspective, we also see CCEP positioned well to grow KO share across growing categories like Bottled Water (current 4 percent share across Western Europe) and Sports & Energy (20 percent, including Monster brands)," (5/31/2016)
Susquehanna Bancshares Inc analysts commented, "We think CCE shares are fully valued. Ex the $14.50 cash dividend, CCE shareholders will receive one CCEP share for every CCE share when the CCEP transaction closes in 2Q16. If we value the CCEP stub by taking a 25% F&B peer discount (Coke bottlers trade at a discount, and over the last five years CCE traded at an average 26% PE discount to F&B stocks), we arrive at a share price of $34.50. If we add the $14.50 dividend then CCE shares at present should be valued at $49 (vs. ~$50 presently). Upside could from three sources: a) a narrower peer discount (unlikely given the German market now part of CCEP represents higher risk), b) a larger share of synergies flowing to the bottom line (by FY19 we assume half of the $350M-$375M in synergies flow to the EBIT line; if 100% flowed then our FY19 EPS would be $2.86 instead of $2.56, or 11% higher), and c) a lower tax rate (we project 27%, in line with guidance of 26-28%, which is in line with CCE’s historical rate, even though amortization benefits may help lower the effective tax rate for the new CCEP)." (3/16/2016)
Who owns Coca-Cola European Partners plc stock?
Coca-Cola European Partners plc's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Artisan Partners Limited Partnership (2.79%), Barrow Hanley Mewhinney & Strauss LLC (2.38%), FMR LLC (1.07%), Highfields Capital Management LP (0.76%), Russell Investments Group Ltd. (0.56%) and Glenview Capital Management LLC (0.42%). Company insiders that own Coca-Cola European Partners plc stock include Calvin Darden, Hubert Patricot, John Brock, Laura Brightwell, Suzanne D Patterson and Thomas H Johnson.
Who sold Coca-Cola European Partners plc stock? Who is selling Coca-Cola European Partners plc stock?
Coca-Cola European Partners plc's stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, O Shaughnessy Asset Management LLC, Symons Capital Management Inc., Aviva PLC, Two Sigma Investments LP, GLG LLC, Artisan Partners Limited Partnership and Guggenheim Capital LLC.
Who bought Coca-Cola European Partners plc stock? Who is buying Coca-Cola European Partners plc stock?
Coca-Cola European Partners plc's stock was purchased by a variety of institutional investors in the last quarter, including Barrow Hanley Mewhinney & Strauss LLC, Russell Investments Group Ltd., Highfields Capital Management LP, Glenview Capital Management LLC, Renaissance Technologies LLC, FMR LLC, Ratan Capital Management LP and Allianz Asset Management AG.
How do I buy Coca-Cola European Partners plc stock?
Shares of Coca-Cola European Partners plc can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Coca-Cola European Partners plc stock cost?
One share of Coca-Cola European Partners plc stock can currently be purchased for approximately $35.60.