TD Asset Management Inc. increased its stake in shares of Coca-Cola European Partners PLC (NYSE:CCE) by 52.2% during the second quarter, Holdings Channel reports. The institutional investor owned 636,877 shares of the company’s stock after buying an additional 218,384 shares during the period. TD Asset Management Inc.’s holdings in Coca-Cola European Partners PLC were worth $25,902,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Jacobus Wealth Management Inc. bought a new stake in Coca-Cola European Partners PLC during the first quarter valued at $115,000. Creative Planning increased its stake in Coca-Cola European Partners PLC by 61.1% in the first quarter. Creative Planning now owns 3,696 shares of the company’s stock valued at $139,000 after buying an additional 1,402 shares in the last quarter. Pinnacle Bank bought a new stake in Coca-Cola European Partners PLC during the first quarter valued at $182,000. Fulton Bank N.A. bought a new stake in Coca-Cola European Partners PLC during the second quarter valued at $201,000. Finally, Yorktown Management & Research Co Inc bought a new stake in Coca-Cola European Partners PLC during the first quarter valued at $211,000. 31.75% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola European Partners PLC (NYSE:CCE) opened at 43.75 on Friday. The company has a 50-day moving average of $42.13 and a 200-day moving average of $38.81. Coca-Cola European Partners PLC has a 52 week low of $30.55 and a 52 week high of $44.75. The company has a market cap of $20.75 billion, a P/E ratio of 26.18 and a beta of 0.95.

Coca-Cola European Partners PLC (NYSE:CCE) last issued its quarterly earnings results on Thursday, August 10th. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.10. Coca-Cola European Partners PLC had a net margin of 6.93% and a return on equity of 15.74%. The company had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter last year, the company posted $0.56 EPS. On average, equities research analysts predict that Coca-Cola European Partners PLC will post $2.46 EPS for the current year.

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Several analysts have recently weighed in on CCE shares. TheStreet raised shares of Coca-Cola European Partners PLC from a “c+” rating to a “b” rating in a research note on Thursday, May 4th. Barclays PLC reaffirmed a “buy” rating and set a $44.00 price target on shares of Coca-Cola European Partners PLC in a research note on Sunday, May 7th. UBS AG reaffirmed a “buy” rating and set a $44.00 price target (up previously from $42.00) on shares of Coca-Cola European Partners PLC in a research note on Friday, May 5th. Zacks Investment Research raised shares of Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Monday, July 10th. Finally, Argus lifted their price target on shares of Coca-Cola European Partners PLC from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, May 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $43.88.

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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