Coca-Cola European Partners PLC (CCE) Position Increased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board raised its position in shares of Coca-Cola European Partners PLC (NYSE:CCE) by 37.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 905,441 shares of the company’s stock after buying an additional 245,000 shares during the period. Canada Pension Plan Investment Board owned about 0.19% of Coca-Cola European Partners PLC worth $36,824,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CCE. Suntrust Banks Inc. boosted its position in Coca-Cola European Partners PLC by 0.9% in the first quarter. Suntrust Banks Inc. now owns 8,690 shares of the company’s stock worth $325,000 after buying an additional 78 shares in the last quarter. Boston Advisors LLC boosted its position in Coca-Cola European Partners PLC by 0.6% in the first quarter. Boston Advisors LLC now owns 16,094 shares of the company’s stock worth $607,000 after buying an additional 101 shares in the last quarter. Wetherby Asset Management Inc. boosted its position in Coca-Cola European Partners PLC by 1.6% in the first quarter. Wetherby Asset Management Inc. now owns 9,292 shares of the company’s stock worth $350,000 after buying an additional 146 shares in the last quarter. First Manhattan Co. boosted its position in Coca-Cola European Partners PLC by 1.7% in the first quarter. First Manhattan Co. now owns 10,922 shares of the company’s stock worth $435,000 after buying an additional 187 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its position in Coca-Cola European Partners PLC by 4.6% in the first quarter. CENTRAL TRUST Co now owns 6,845 shares of the company’s stock worth $258,000 after buying an additional 300 shares in the last quarter. 31.75% of the stock is owned by institutional investors and hedge funds.

Shares of Coca-Cola European Partners PLC (CCE) opened at 43.75 on Friday. The company has a market capitalization of $20.75 billion, a PE ratio of 26.18 and a beta of 0.95. The firm’s 50-day moving average price is $42.13 and its 200 day moving average price is $38.81. Coca-Cola European Partners PLC has a one year low of $30.55 and a one year high of $44.75.

Coca-Cola European Partners PLC (NYSE:CCE) last announced its quarterly earnings results on Thursday, August 10th. The company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.10. Coca-Cola European Partners PLC had a return on equity of 15.74% and a net margin of 6.93%. The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same period last year, the firm posted $0.56 earnings per share. Analysts anticipate that Coca-Cola European Partners PLC will post $2.46 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Coca-Cola European Partners PLC (CCE) Position Increased by Canada Pension Plan Investment Board” was originally posted by Stock Observer and is the property of of Stock Observer. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.thestockobserver.com/2017/08/12/coca-cola-european-partners-plc-cce-position-increased-by-canada-pension-plan-investment-board.html.

A number of research firms recently issued reports on CCE. UBS AG reaffirmed a “buy” rating and issued a $44.00 price target (up from $42.00) on shares of Coca-Cola European Partners PLC in a report on Friday, May 5th. Citigroup Inc. cut Coca-Cola European Partners PLC from a “buy” rating to a “neutral” rating in a report on Friday, April 28th. BidaskClub raised Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Deutsche Bank AG reaffirmed a “hold” rating and issued a $46.00 price target (up from $44.00) on shares of Coca-Cola European Partners PLC in a report on Friday. Finally, Zacks Investment Research cut Coca-Cola European Partners PLC from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. Coca-Cola European Partners PLC presently has an average rating of “Hold” and an average target price of $43.88.

Coca-Cola European Partners PLC Company Profile

Coca-Cola Enterprises, Inc (CCE) markets, produces and distributes nonalcoholic beverages. The Company serves customers across Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway and Sweden. The Company’s segments include Europe and Corporate. CCE is The Coca-Cola Company’s strategic bottling partner in Western Europe.

Institutional Ownership by Quarter for Coca-Cola European Partners PLC (NYSE:CCE)

Receive News & Ratings for Coca-Cola European Partners PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola European Partners PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply