Institutional Investors Are Selling Coca-cola Refreshments USA Inc (NYSE:CCE)

October 11, 2018 - By Winifred Garcia

Coca-Cola European Partners plc (NYSE:CCE) Logo

Sentiment for Coca-cola Refreshments USA Inc (NYSE:CCE)

Coca-cola Refreshments USA Inc (NYSE:CCE) institutional sentiment decreased to 0.67 in Q2 2018. Its down -2.33, from 3 in 2018Q1. The ratio fall, as 2 investment professionals started new or increased stock positions, while 3 decreased and sold holdings in Coca-cola Refreshments USA Inc. The investment professionals in our partner’s database now possess: 58,565 shares, down from 58,919 shares in 2018Q1. Also, the number of investment professionals holding Coca-cola Refreshments USA Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 1 Increased: 0 New Position: 2.

Coca-Cola European Partners plc, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready-to-drink beverages. The company has market cap of $20.66 billion. It offers drinks primarily under the Coca-Cola, Diet Coke/Coca-Cola Light, Coke Zero, Coca-Cola Life, Fanta, and Sprite brands. It has a 27.27 P/E ratio. The firm also provides energy drinks, waters, juices, sports drinks and ready-to-drink teas.

The stock decreased 0.39% or $0.17 during the last trading session, reaching $42.89. About 989,600 shares traded. Coca-Cola European Partners plc (NYSE:CCE) has risen 6.18% since October 11, 2017 and is uptrending. It has underperformed by 9.44% the S&P500.

Analysts await Coca-Cola European Partners plc (NYSE:CCE) to report earnings on November, 6. They expect $0.86 earnings per share, up 7.50 % or $0.06 from last year’s $0.8 per share. CCE’s profit will be $414.20 million for 12.47 P/E if the $0.86 EPS becomes a reality. After $0.80 actual earnings per share reported by Coca-Cola European Partners plc for the previous quarter, Wall Street now forecasts 7.50 % EPS growth.

Ar Asset Management Inc holds 0.43% of its portfolio in Coca-Cola European Partners plc for 27,000 shares. Green Square Capital Llc owns 25,100 shares or 0.16% of their US portfolio. Moreover, Prudential Plc has 0% invested in the company for 5,000 shares. The California-based Whittier Trust Co has invested 0% in the stock. Whittier Trust Co Of Nevada Inc, a Nevada-based fund reported 755 shares.

Coca-Cola European Partners plc (NYSE:CCE) Ratings Coverage

Ratings analysis reveals 67% of Coca-Cola European Partners’s analysts are positive. Out of 6 Wall Street analysts rating Coca-Cola European Partners, 4 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $3300 while the high is $52. The stock’s average target of $43.75 is 2.01% above today’s ($42.89) share price. CCE was included in 9 notes of analysts from April 17, 2018. The stock of Coca-Cola European Partners plc (NYSE:CCE) has “Sell” rating given on Monday, April 23 by Susquehanna. As per Friday, September 14, the company rating was upgraded by Wells Fargo. The company was maintained on Thursday, September 13 by Bank of America. Macquarie Research upgraded it to “Outperform” rating and $48 target in Tuesday, September 4 report. The rating was upgraded by Susquehanna on Friday, September 14 to “Neutral”. The firm has “Buy” rating by Goldman Sachs given on Tuesday, April 17. The company was maintained on Friday, August 10 by Wells Fargo. The stock has “Outperform” rating by Macquarie Research on Friday, September 14.

Another recent and important Coca-Cola European Partners plc (NYSE:CCE) news was published by Nasdaq.com which published an article titled: “Detailed Research: Economic Perspectives on Newfield Exploration, Spirit Aerosystems, OSI, News Corporation, Coca …” on October 05, 2018.

Coca-Cola European Partners plc (NYSE:CCE) Ratings Chart

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