Korea Investment CORP held its position in Coca-Cola European Partners PLC (NYSE:CCE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 121,800 shares of the company’s stock at the end of the second quarter. Korea Investment CORP’s holdings in Coca-Cola European Partners PLC were worth $4,954,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Jacobus Wealth Management Inc. purchased a new position in Coca-Cola European Partners PLC during the first quarter valued at $115,000. Creative Planning increased its position 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 during the last quarter. Pinnacle Bank purchased a new position in Coca-Cola European Partners PLC during the first quarter valued at $182,000. Fulton Bank N.A. purchased a new position in Coca-Cola European Partners PLC during the second quarter valued at $201,000. Finally, Yorktown Management & Research Co Inc purchased a new position 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. Coca-Cola European Partners PLC has a 52-week low of $30.55 and a 52-week high of $44.75. The firm’s 50-day moving average price is $42.13 and its 200 day moving average price is $38.81. The stock 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 announced its earnings results on Thursday, August 10th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the 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 for the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the previous year, the business earned $0.56 EPS. Equities analysts predict that Coca-Cola European Partners PLC will post $2.46 earnings per share for the current year.

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Several equities analysts recently weighed in on CCE shares. TheStreet raised 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 issued a $44.00 price objective on shares of Coca-Cola European Partners PLC in a research note on Sunday, May 7th. UBS AG reaffirmed a “buy” rating and issued a $44.00 price objective (up from $42.00) on shares of Coca-Cola European Partners PLC in a research note on Friday, May 5th. Zacks Investment Research raised Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Monday, July 10th. Finally, Argus raised their price objective on 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 assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.88.

Coca-Cola European Partners PLC Company 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.

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

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