Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at or call 800-767-3771 ext.  9339.

The board of directors of Coca-Cola Enterprises Inc. (CCE - Analyst Report), the western European bottler of The Coca-Cola Company (KO - Analyst Report), recently announced a 25% increase in its quarterly dividend, marking the seventh consecutive year of dividend hike. The first quarterly dividend will be paid on Mar 20, 2014, to shareholders as of Mar 07, 2014.

The quarterly dividend was increased from 20 cents to 25 cents per common share, equivalent to an annual dividend of $1.00 per share for fiscal 2014, up from 80 cents per share for fiscal 2013. The new dividend will yield 2.3% annually.

Driving shareholders’ value, either through regular share repurchases or increased dividends, is Coca-Cola Enterprise’s key objective. The bottling company achieves this objective through its solid balance sheet and strong free cash flows. The company has $488 million of cash and cash equivalents as of Sep 27, 2013.

Year-to-date, through the third quarter, the company has repurchased approximately $900 million worth of its stock. In Dec 2013, the board of directors of Coca-Cola Enterprises authorized a new $1 billion share repurchase program, which is the company’s fourth buyback program since its origination in 2010.

In 2014, the company expects to buyback $800 million worth of stock. Coca-Cola Enterprises expects free cash flow for full-year 2014 to be in the range of $600 million–$650 million.

Coca-Cola Enterprises carries a Zacks Rank #3 (Hold). A better-ranked beverage stocks is The WhiteWave Foods Co. (WWAV - Snapshot Report) which carries a Zacks Rank #1 (Strong Buy). Another consumer staple company worth considering is Monster Beverage Corp. (MNST - Analyst Report) with a Zacks Rank #2 (Buy).

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
DIXIE GRP IN DXYN 15.84 +7.90%
BOFI HLDG IN BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%