Vanguard Group Inc. boosted its stake in shares of Coca-Cola European Partners PLC (NYSE:CCE) by 1.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,371,840 shares of the company’s stock after buying an additional 25,222 shares during the period. Vanguard Group Inc.’s holdings in Coca-Cola European Partners PLC were worth $51,705,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CCE. Canada Pension Plan Investment Board raised its position in Coca-Cola European Partners PLC by 3.1% in the first quarter. Canada Pension Plan Investment Board now owns 660,441 shares of the company’s stock valued at $24,892,000 after buying an additional 19,882 shares during the last quarter. Wells Fargo & Company MN raised its position in Coca-Cola European Partners PLC by 139.7% in the first quarter. Wells Fargo & Company MN now owns 1,713,537 shares of the company’s stock valued at $64,583,000 after buying an additional 998,524 shares during the last quarter. Wetherby Asset Management Inc. raised 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 valued at $350,000 after buying an additional 146 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Coca-Cola European Partners PLC by 34.7% in the first quarter. Janney Montgomery Scott LLC now owns 17,318 shares of the company’s stock valued at $653,000 after buying an additional 4,459 shares during the last quarter. Finally, Korea Investment CORP raised its position in Coca-Cola European Partners PLC by 12.6% in the first quarter. Korea Investment CORP now owns 121,800 shares of the company’s stock valued at $4,591,000 after buying an additional 13,600 shares during the last quarter. Institutional investors own 31.75% of the company’s stock.

Shares of Coca-Cola European Partners PLC (NYSE:CCE) opened at 44.13 on Thursday. The firm has a market capitalization of $20.93 billion, a price-to-earnings ratio of 26.41 and a beta of 0.95. Coca-Cola European Partners PLC has a 12-month low of $30.55 and a 12-month high of $44.75. The firm’s 50-day moving average is $41.96 and its 200-day moving average is $38.71.

Coca-Cola European Partners PLC (NYSE:CCE) last announced its quarterly earnings results on Thursday, August 10th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Coca-Cola European Partners PLC had a net margin of 6.35% and a return on equity of 15.29%. During the same period in the previous year, the company posted $0.56 earnings per share. Equities research analysts forecast that Coca-Cola European Partners PLC will post $2.48 EPS for the current fiscal year.

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Several research firms have weighed in on CCE. BidaskClub upgraded shares of Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Deutsche Bank AG lowered shares of Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Barclays PLC reiterated a “buy” rating and issued a $46.00 target price on shares of Coca-Cola European Partners PLC in a report on Friday, July 21st. Argus boosted their target price on shares of Coca-Cola European Partners PLC from $44.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, May 24th. Finally, Zacks Investment Research upgraded shares of Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Monday, July 10th. 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 a consensus rating of “Hold” and a consensus target price of $43.57.

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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