Ameriprise Financial Inc. increased its stake in shares of Coca-Cola European Partners PLC (NYSE:CCE) by 0.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,229,976 shares of the company’s stock after buying an additional 17,633 shares during the period. Ameriprise Financial Inc. owned about 0.67% of Coca-Cola European Partners worth $133,894,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. First Allied Advisory Services Inc. increased its holdings in Coca-Cola European Partners by 0.3% during the second quarter. First Allied Advisory Services Inc. now owns 10,196 shares of the company’s stock worth $411,000 after buying an additional 30 shares during the last quarter. Keybank National Association OH increased its holdings in Coca-Cola European Partners by 1.2% during the second quarter. Keybank National Association OH now owns 6,958 shares of the company’s stock worth $283,000 after buying an additional 83 shares during the last quarter. Raymond James Trust N.A. increased its holdings in Coca-Cola European Partners by 1.8% during the second quarter. Raymond James Trust N.A. now owns 5,978 shares of the company’s stock worth $243,000 after buying an additional 104 shares during the last quarter. Suntrust Banks Inc. increased its holdings in Coca-Cola European Partners by 2.3% during the second quarter. Suntrust Banks Inc. now owns 8,894 shares of the company’s stock worth $360,000 after buying an additional 204 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its holdings in Coca-Cola European Partners by 3.8% during the second quarter. Neuberger Berman Group LLC now owns 10,492 shares of the company’s stock worth $427,000 after buying an additional 382 shares during the last quarter. Institutional investors and hedge funds own 29.57% of the company’s stock.

Coca-Cola European Partners PLC (CCE) opened at $38.64 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.76. The firm has a market cap of $18,716.52, a PE ratio of 16.58, a price-to-earnings-growth ratio of 2.04 and a beta of 0.94. Coca-Cola European Partners PLC has a 1 year low of $30.55 and a 1 year high of $44.75.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 20th will be given a $0.24 dividend. The ex-dividend date is Friday, November 17th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.48%. Coca-Cola European Partners’s dividend payout ratio (DPR) is currently 54.86%.

A number of analysts recently issued reports on CCE shares. Zacks Investment Research downgraded shares of Coca-Cola European Partners from a “strong-buy” rating to a “hold” rating in a report on Monday, September 11th. Barclays PLC set a $47.00 target price on shares of Coca-Cola European Partners and gave the stock a “buy” rating in a research report on Sunday, August 13th. UBS AG lowered shares of Coca-Cola European Partners to a “neutral” rating in a research report on Monday, November 13th. Macquarie initiated coverage on shares of Coca-Cola European Partners in a research report on Thursday, September 14th. They set an “outperform” rating and a $46.00 target price for the company. Finally, BidaskClub lowered shares of Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Coca-Cola European Partners currently has a consensus rating of “Hold” and a consensus price target of $44.88.

WARNING: This piece of content was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/coca-cola-european-partners-plc-cce-shares-bought-by-ameriprise-financial-inc/1727260.html.

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)

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 Analyst Ratings Network's FREE daily email newsletter.