Coca Cola HBC AG (CCH) Given "Hold" Rating at Shore Capital

Vanguard Group Inc. now owns 275,221,018 shares of the company's stock worth $12,343,662,000 after buying an additional 4,818,963 shares during the period.

Sei Investments Co. boosted its stake in shares of Coca-Cola European Partners PLC (NYSE:CCE) by 32.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). Montecito Bank & Trust's holdings in Coca-Cola Company (The) were worth $5,394,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CCE. Bancorpsouth Inc. boosted its stake in Coca-Cola Company (The) by 4.0% in the second quarter. Glenview Capital Management LLC increased its stake in Coca-Cola European Partners PLC by 114.5% in the first quarter. Epoch Investment Partners Inc. now owns 8,344,550 shares of the company's stock valued at $374,254,000 after buying an additional 1,838,682 shares during the period. Wetherby Asset Management Inc. raised its position in shares of Coca-Cola European Partners PLC by 1.6% in the first quarter. State Street Corp increased its stake in Coca-Cola Company (The) by 1.2% in the first quarter. SignalPoint Asset Management LLC now owns 10,222 shares of the company's stock valued at $434,000 after buying an additional 125 shares in the last quarter. Portfolio Solutions LLC purchased a new stake in shares of Coca-Cola Company (The) during the first quarter worth about $108,000. State Street Corp now owns 173,789,519 shares of the company's stock valued at $7,375,663,000 after buying an additional 2,009,675 shares during the period. Institutional investors and hedge funds own 63.68% of the company's stock.

Shares of Coca-Cola Company (KO) opened at 45.59 on Monday. The stock's 50 day moving average is $42.13 and its 200-day moving average is $38.81. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.43. The stock has a market capitalization of $194.46 billion, a PE ratio of 48.14 and a beta of 0.69.

Coca-Cola European Partners PLC (NYSE:CCE) last announced its earnings results on Thursday, August 10th. The company reported $0.59 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.57 by $0.02. Coca-Cola European Partners PLC had a return on equity of 15.74% and a net margin of 6.93%. The business had revenue of $3.05 billion during the quarter, compared to analysts' expectations of $2.77 billion. During the same quarter a year ago, the business posted $0.60 earnings per share. The business's revenue for the quarter was down 15.9% on a year-over-year basis. On average, equities research analysts anticipate that Coca-Cola European Partners PLC will post $2.46 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a $0.37 dividend. The ex-dividend date is Thursday, September 14th. This represents a dividend yield of 1.71%. Coca-Cola Company (The)'s payout ratio is 154.17%.

COPYRIGHT VIOLATION WARNING: "BMO Capital Markets Trims Coca-Cola Company (The) (KO) Target Price to $46.00" was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece on another site, it was stolen and reposted in violation of US and global copyright and trademark law. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/08/13/8-81-billion-in-sales-expected-for-coca-cola-company-the-nyseko-this-quarter.html. Vetr upgraded Coca-Cola Company (The) from a "hold" rating to a "buy" rating and set a $44.81 price objective for the company in a research report on Monday, April 24th. UBS AG set a $48.00 price target on Coca-Cola Company (The) and gave the company a buy rating in a report on Tuesday, April 18th. Finally, Jefferies Group LLC set a $47.00 target price on Coca-Cola Company (The) and gave the stock a "neutral" rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. Coca-Cola European Partners PLC has a consensus rating of "Hold" and an average price target of $43.88.

In other Coca-Cola Company (The) news, insider Irial Finan sold 354,146 shares of the company's stock in a transaction that occurred on Wednesday, May 24th. The shares were purchased at an average price of GBX 2,240 ($29.17) per share, for a total transaction of £2,329.60 ($3,033.73). The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider SANDA PAREZANOVIC purchased 33 shares of the business's stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $46.01, for a total transaction of $1,111,417.56. Following the completion of the sale, the insider now directly owns 780,258 shares of the company's stock, valued at $35,111,610. The disclosure for this sale can be found here. Artisan Partners Limited Partnership now owns 14,626,813 shares of the company's stock worth $551,285,000 after buying an additional 1,229,855 shares in the last quarter.