Could Coca-Cola European Partners plc Ordinary Shares Gain Strenght? Option Traders Don’t Think So

 Could Coca Cola European Partners plc Ordinary Shares Gain Strenght? Option Traders Don't Think So

In today’s session Coca-Cola European Partners plc Ordinary Shares (CCE) recorded an unusually high (273) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious CCE decrease. With 273 contracts traded and 1144 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: CCE161216P00035000 closed last at: $2.3 or 21.1% up. About 292,872 shares traded hands. Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) has declined 39.78% since April 28, 2016 and is downtrending. It has underperformed by 45.70% the S&P500.

Analysts await Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) to report earnings on February, 9. They expect $0.45 EPS, down 15.09% or $0.08 from last year’s $0.53 per share. CCE’s profit will be $221.60 million for 17.67 P/E if the $0.45 EPS becomes a reality. After $0.74 actual EPS reported by Coca-Cola European Partners plc Ordinary Shares for the previous quarter, Wall Street now forecasts -39.19% negative EPS growth.

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

Out of 21 analysts covering Coca-Cola Enterprises Inc. (NYSE:CCE), 7 rate it a “Buy”, 2 “Sell”, while 12 “Hold”. This means 33% are positive. $60 is the highest target while $40 is the lowest. The $51.15 average target is 60.85% above today’s ($31.8) stock price. Coca-Cola Enterprises Inc. has been the topic of 37 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) has “Equal-Weight” rating given on Wednesday, June 1 by Barclays Capital. The stock has “Hold” rating given by HSBC on Friday, August 7. As per Friday, August 7, the company rating was downgraded by Gabelli. As per Tuesday, May 31, the company rating was initiated by Goldman Sachs. The rating was maintained by CLSA with “Outperform” on Wednesday, June 1. On Thursday, April 14 the stock rating was upgraded by Stifel Nicolaus to “Buy”. The stock has “Neutral” rating given by Goldman Sachs on Monday, October 10. The firm earned “Neutral” rating on Friday, July 31 by UBS. The firm has “Underperform” rating given on Thursday, August 13 by Credit Agricole. The company was initiated on Wednesday, June 1 by Stifel Nicolaus.

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.”

Insitutional Activity: The institutional sentiment increased to 0.14 in 2016 Q2. Its up 0.13, from 0.01 in 2016Q1. The ratio improved, as 370 funds sold all Coca-Cola European Partners plc Ordinary Shares shares owned while 2 reduced positions. 2 funds bought stakes while 2 increased positions. They now own 1.93 million shares or 98.97% less from 187.11 million shares in 2016Q1.
Great West Life Assurance Can owns 135,084 shares or 0.02% of their US portfolio. The Tennessee-based Green Square Capital Ltd Liability Corporation has invested 0.23% in Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE). Caisse De Depot Et Placement Du Quebec owns 683,383 shares or 0.06% of their US portfolio. Adirondack Research & Mngmt accumulated 12,300 shares or 0.16% of the stock. Moreover, Gsa Cap Partners Llp has 0.11% invested in Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) for 54,974 shares. Meeder Asset Mgmt holds 0.01% of its portfolio in Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) for 4,133 shares. Focused Wealth Management owns 1,102 shares or 0.02% of their US portfolio. Janney Montgomery Scott Ltd Liability Co holds 0.06% of its portfolio in Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) for 70,809 shares. Ar Asset Mngmt accumulated 0.4% or 27,000 shares. Tourbillon Partners Lp holds 900,800 shares or 0.64% of its portfolio. Palo has 0.14% invested in the company for 11,306 shares.

More important recent Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) news were published by: Businesswire.com which released: “COCA-COLA European Partners Plc: Voting Rights and Capital” on November 01, 2016, also Businesswire.com published article titled: “Coca-Cola Enterprises, Inc. Announces Approval of Prospectus Prepared by Coca …”, Businesswire.com published: “Coca-Cola European Partners: Voting Rights and Capital” on June 30, 2016. More interesting news about Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) was released by: Businesswire.com and their article: “Coca-Cola European Partners Plc Admission to Listing and Trading” with publication date: June 02, 2016.

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