Legal & General Group Plc lessened its position in Coca-Cola European Partners plc (NYSE:CCE) by 16.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 799,812 shares of the company’s stock after selling 153,964 shares during the quarter. Legal & General Group Plc owned about 0.17% of Coca-Cola European Partners worth $33,291,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CCE. Schwab Charles Investment Management Inc. raised its holdings in Coca-Cola European Partners by 15.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 54,951 shares of the company’s stock worth $2,072,000 after acquiring an additional 7,161 shares during the period. TD Asset Management Inc. raised its holdings in Coca-Cola European Partners by 52.2% in the 2nd quarter. TD Asset Management Inc. now owns 636,877 shares of the company’s stock worth $25,902,000 after acquiring an additional 218,384 shares during the period. BP PLC bought a new position in Coca-Cola European Partners in the 2nd quarter worth $1,098,000. Canada Pension Plan Investment Board raised its holdings in Coca-Cola European Partners by 37.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 905,441 shares of the company’s stock worth $36,824,000 after acquiring an additional 245,000 shares during the period. Finally, Wetherby Asset Management Inc. raised its holdings in Coca-Cola European Partners by 5.7% in the 2nd quarter. Wetherby Asset Management Inc. now owns 9,822 shares of the company’s stock worth $399,000 after acquiring an additional 530 shares during the period. Hedge funds and other institutional investors own 29.35% of the company’s stock.

Shares of Coca-Cola European Partners plc (CCE) opened at $38.77 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.76. The stock has a market cap of $19,045.88, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 2.08 and a beta of 0.91. Coca-Cola European Partners plc has a 12-month low of $31.01 and a 12-month high of $44.75.

Coca-Cola European Partners (NYSE:CCE) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.12). Coca-Cola European Partners had a return on equity of 15.60% and a net margin of 6.78%. The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the business earned $0.67 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. sell-side analysts predict that Coca-Cola European Partners plc will post 2.45 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 20th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.96 annualized dividend and a dividend yield of 2.48%. Coca-Cola European Partners’s dividend payout ratio (DPR) is currently 54.86%.

CCE has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Coca-Cola European Partners from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research report on Monday, October 9th. BidaskClub lowered shares of Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. UBS restated a “buy” rating and issued a $50.00 price target (up from $46.00) on shares of Coca-Cola European Partners in a research report on Monday, August 14th. Barclays set a $47.00 price target on shares of Coca-Cola European Partners and gave the stock a “buy” rating in a research report on Sunday, August 13th. Finally, Macquarie initiated coverage on shares of Coca-Cola European Partners in a research report on Thursday, September 14th. They issued an “outperform” rating and a $46.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Coca-Cola European Partners has an average rating of “Hold” and an average target price of $44.88.

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Coca-Cola European Partners 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 (NYSE:CCE)

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