Commonwealth Equity Services LLC reduced its stake in shares of Coca-Cola European Partners PLC (NYSE:CCE) by 63.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,713 shares of the company’s stock after selling 25,056 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Coca-Cola European Partners were worth $669,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of CCE. Tdam USA Inc. grew its position in shares of Coca-Cola European Partners by 10.6% in the third quarter. Tdam USA Inc. now owns 13,567 shares of the company’s stock valued at $580,000 after purchasing an additional 1,295 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Coca-Cola European Partners by 7.7% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 18,646 shares of the company’s stock valued at $848,000 after purchasing an additional 1,329 shares during the last quarter. First Republic Investment Management Inc. grew its position in shares of Coca-Cola European Partners by 22.0% in the second quarter. First Republic Investment Management Inc. now owns 10,196 shares of the company’s stock valued at $415,000 after purchasing an additional 1,838 shares during the last quarter. Manning & Napier Group LLC grew its position in shares of Coca-Cola European Partners by 3.3% in the third quarter. Manning & Napier Group LLC now owns 58,756 shares of the company’s stock valued at $2,671,000 after purchasing an additional 1,876 shares during the last quarter. Finally, Signaturefd LLC grew its position in shares of Coca-Cola European Partners by 81.4% in the second quarter. Signaturefd LLC now owns 4,570 shares of the company’s stock valued at $186,000 after purchasing an additional 2,051 shares during the last quarter. Institutional investors own 31.36% of the company’s stock.

Shares of CCE opened at $47.80 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.81 and a debt-to-equity ratio of 0.77. The company has a market cap of $22.63 billion, a P/E ratio of 20.00, a PEG ratio of 2.11 and a beta of 0.60. Coca-Cola European Partners PLC has a 1 year low of $36.17 and a 1 year high of $46.90.

The company also recently disclosed a dividend, which was paid on Tuesday, November 20th. Investors of record on Friday, November 9th were paid a dividend of $0.32 per share. The ex-dividend date was Thursday, November 8th. Coca-Cola European Partners’s payout ratio is 23.43%.

Several analysts have recently commented on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a $46.00 price target on shares of Coca-Cola European Partners in a research report on Wednesday, August 15th. ValuEngine upgraded shares of Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research report on Saturday, September 1st. Zacks Investment Research upgraded shares of Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Bank of America increased their price target on shares of Coca-Cola European Partners from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, September 13th. Finally, Macquarie upgraded shares of Coca-Cola European Partners from a “neutral” rating to an “outperform” rating and increased their price target for the company from $43.00 to $48.00 in a research report on Tuesday, September 4th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $47.29.

WARNING: “Coca-Cola European Partners PLC (CCE) Holdings Trimmed by Commonwealth Equity Services LLC” was first posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://www.watchlistnews.com/coca-cola-european-partners-plc-cce-holdings-trimmed-by-commonwealth-equity-services-llc/2663870.html.

Coca-Cola European Partners Company Profile

Coca-Cola European Partners plc, together with its subsidiaries, produces, distributes, and markets a range of nonalcoholic ready-to-drink beverages. The company offers water, juice, isotonic, sparkling flavor and energy drink, and other products. It provides its products primarily under the Coca-Cola, Fanta, and Monster brands, as well as Coca-Cola Zero Sugar, Vio, Royal Bliss, Honest, and GLAC√ČAU Smartwater brands.

Further Reading: How Do You Calculate Return on Equity (ROE)?

Want to see what other hedge funds are holding CCE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola European Partners PLC (NYSE:CCE).

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

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