Creative Planning lowered its position in shares of Coca-Cola European Partners PLC (NYSE:CCE) by 25.3% during the second quarter, Holdings Channel reports. The institutional investor owned 2,760 shares of the company’s stock after selling 936 shares during the period. Creative Planning’s holdings in Coca-Cola European Partners PLC were worth $112,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CCE. Bank of Montreal Can raised its position in shares of Coca-Cola European Partners PLC by 23.7% in the second quarter. Bank of Montreal Can now owns 115,841 shares of the company’s stock worth $4,712,000 after buying an additional 22,170 shares during the last quarter. Fulton Bank N.A. purchased a new position in shares of Coca-Cola European Partners PLC during the second quarter worth approximately $201,000. Fox Run Management L.L.C. purchased a new position in shares of Coca-Cola European Partners PLC during the second quarter worth approximately $370,000. Achmea Investment Management B.V. purchased a new position in shares of Coca-Cola European Partners PLC during the first quarter worth approximately $411,000. Finally, FNY Partners Fund LP purchased a new position in shares of Coca-Cola European Partners PLC during the first quarter worth approximately $1,533,000. 32.40% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola European Partners PLC (NYSE:CCE) traded up 0.46% on Wednesday, hitting $43.94. The stock had a trading volume of 553,619 shares. The company has a 50 day moving average of $42.29 and a 200 day moving average of $39.00. Coca-Cola European Partners PLC has a 12-month low of $30.55 and a 12-month high of $44.75. The company has a market capitalization of $21.47 billion, a PE ratio of 23.21 and a beta of 0.95.

Coca-Cola European Partners PLC (NYSE:CCE) last posted its quarterly earnings data on Thursday, August 10th. The company reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.10. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.77 billion. Coca-Cola European Partners PLC had a return on equity of 15.74% and a net margin of 6.93%. During the same period in the prior year, the business posted $0.56 earnings per share. On average, equities analysts expect that Coca-Cola European Partners PLC will post $2.50 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Monday, August 28th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.29%. This is an increase from Coca-Cola European Partners PLC’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, August 24th. Coca-Cola European Partners PLC’s dividend payout ratio is presently 51.98%.

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A number of brokerages have commented on CCE. UBS AG reiterated a “buy” rating and issued a $50.00 price objective (up from $46.00) on shares of Coca-Cola European Partners PLC in a research report on Monday. Barclays PLC set a $47.00 price objective on Coca-Cola European Partners PLC and gave the company a “buy” rating in a research report on Sunday. Deutsche Bank AG reiterated a “hold” rating and issued a $46.00 price objective (up from $44.00) on shares of Coca-Cola European Partners PLC in a research report on Friday, August 11th. Susquehanna Bancshares Inc reiterated a “hold” rating on shares of Coca-Cola European Partners PLC in a research report on Thursday, August 10th. Finally, BidaskClub upgraded Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $44.75.

About Coca-Cola European Partners PLC

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.

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

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