Why Should You Put Coca-Cola European Partners plc (NYSE: CCEP) On Your Portfolio?


    SSgA Funds Management, Inc. recently announced the acquisition of new stake in Coca-Cola European Partners plc (NYSE:CCEP). The institutional investor has increased its shareholding in the Consumer Defensive company by 3.91% to 5.3 million shares with purchase of 0.2 million shares. This fresh investment now brings its stake to 1.16% valued currently at $200.0 million. In addition, Boston Partners Global Investors,. raised its holdings by 2.07 million to 4.52 million shares. And Ninety One UK Ltd. has lifted its position by 2.58% or 0.11 million shares – to 4.41 million shares.

    With over 1.08 million Coca-Cola European Partners plc (CCEP) shares trading Tuesday and a closing price of $41.06 on the day, the dollar volume was approximately $44.5 million. The shares have shown a positive weekly performance of 4.13% and its price on 07/28/20 lost nearly -1.39%. Currently, there are 461.63M common shares owned by the public and among those 199.06M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 18 analysts who have offered their price forecasts for CCEP have a consensus price objective of $39.89. The analysts have set the share’s price value over the next 12 months at a high of $47.00 and a low of $28.25 should the stock experience a downside. Incidentally, analysts’ outlook for the Coca-Cola European Partners plc stock is 2.40 for the next 12 months. The average price target is 9.7% above its last price level and an upside to the estimated low will see the stock lose -45.35% over that period. But an upside of 12.64% will see the stock hit the forecast high price target while mean target price for the stock is $41.00.

    Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.

    The top 3 mutual fund holders in Coca-Cola European Partners plc are American Balanced Fund, Artisan International Fund, and Stichting Pensioenfonds ABP (Glob. American Balanced Fund owns 5.19 million shares of the company’s stock, all valued at over $196.09 million. Artisan International Fund bought 2.24 million shares to see its total holdings expand to 2.36 million shares valued at over $89.22 million and representing 0.52% of the shares outstanding. Stichting Pensioenfonds ABP (Glob sold -0.74 million shares to bring its total holdings to over 2.21 million shares at a value of $83.31 million. Stichting Pensioenfonds ABP (Glob now owns shares totaling to 0.48% of the shares outstanding.

    Shares of Coca-Cola European Partners plc (NYSE: CCEP) opened at $41.25, down -$0.39 from a prior closing price of $41.64. However, the script later closed the day at $41.06, down -1.39%. The company’s stock has a 5-day price change of 4.13% and 2.45% over the past three months. CCEP shares are trading -19.30% year to date (YTD), with the 12-month market performance down to -28.34% lower. It has a 12-month low price of $28.35 and touched a high of $58.94 over the same period. Currently, 1.08 million shares have been traded, compared to an average intraday trading volume of 1.63 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.93%, 5.63%, and -10.47% respectively.

    Institutional ownership of Coca-Cola European Partners plc (NYSE: CCEP) shares accounts for 31.70% of the company’s 461.63M shares outstanding. Mutual fund holders own 14.76%, while other institutional holders and individual stakeholders account for 15.56% and — respectively.

    It has a market capitalization of $18.64B and a beta (3y monthly) value of 0.58. The stock’s trailing 12-month PE ratio is 15.22, while the earnings-per-share (ttm) stands at $2.70. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.61% over the week and 2.41% over the month.

    Analysts forecast that Coca-Cola European Partners plc (CCEP) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for Next Year. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to increase by 28.60%, and 40.91% over the next financial year. EPS should shrink at an annualized rate of -0.11% over the next five years, compared to 3.90% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 18 brokerage firm advisors rate Coca-Cola European Partners plc (CCEP) as a “Moderate Buy” at a consensus score of 2.40. Specifically, 10 Wall Street analysts polled rate the stock as a buy, while 6 of the 18 advise that investors “hold,” and 1 rated it as a “Sell.”

    Looking at the support for the CCEP, a number of firms have released research notes about the stock. ABN Amro stated their Buy rating for the stock in a research note on July 06, 2020, with the firm’s price target at. ABN Amro coverage for the Coca-Cola European Partners plc (CCEP) stock in a research note released on June 10, 2020 offered a Hold rating with a price target of. HSBC Securities was of a view on June 05, 2020 that the stock is Hold, while BofA/Merrill gave the stock Underperform rating on March 19, 2020, issuing a price target of $60- $30. JP Morgan on their part issued Overweight rating on January 15, 2020.


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