Three Coca-Cola bottlers agree to merge

Further, Hoplite Capital Management L.P. have 3.62% of their long stock exposure invested in the company for 2.66 million shares.

Several other equities analysts have also recently commented on the company. Susquehanna decreased their price objective on shares of Coca-Cola Enterprises from $33.00 to $28.00 and set a “negative” rating on the stock in a research report on Thursday, May 21st. The Company owns, controls and operates a network of independent bottling plants and warehousing and distribution systems.

Separately, Deutsche Bank lowered shares of Coca Cola HBC AG – from a buy rating to a hold rating in a research report on Monday, May 18th.

Goldman Sachs cut shares of Coca Cola HBC AG – (OTCMKTS:CCHGY) from a neutral rating to a sell rating in a report released on Monday, TheFlyOnTheWall.com reports. Finally, Scotiabank reduced their price target on shares of Coca-Cola FEMSA, S.A.B.de C.V. from $91.00 to $86.00 in a research note on Friday, July 24th. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last 50 and 100 days, Coca-Cola Enterprises Inc.is up 11.14% and up 19.35%, respectively. They’ll get one share in the new entity for every current CCE share they now hold, as well as a one-time payment of $3.3 billion. The company has a market cap of $11.70B and a P/E ratio of 20.6. The stock’s 50-day moving average price is $45.12 and its 200 day moving average price is $44.54.

Damian Gammell, now Beverage Group President and CEO of brewer Anadolu Efes (and previous CEO of Coca-Coa Erfrischungsgetränke) will become Coca-Cola Enterprises’ chief operating officer in the autumn, which will lead to the same position with Coca-Cola European Partners upon closing. The consensus analyst estimates according to Thomson Reuters First Call for the next quarter is 0.400. During the same quarter in the prior year, the company posted $0.90 EPS. It will have about $12.6 billion in annual revenue with $1.6 billion in operating profit. The daily volume was measured at 57,099 shares. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a $1.12 annualized dividend and a yield of 2.16%.

Coca-Cola Co. expects the transaction to “slightly” boost its comparable earnings per share next year, the Atlanta-based beverage maker said in the statement.

Once combined, Coca-Cola European Partners will leverage and build on the best practices from each respective market and bottler to improve service to customers and consumers through a more consistent strategy for product development and market execution across Western Europe. The Company has bottling rights within its territories for various beverage brands, including products with the name Coca-Cola.