Victory Capital Management Inc. grew its position in shares of Coca-Cola European Partners PLC (NYSE:CCE) by 17.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,782 shares of the company’s stock after purchasing an additional 2,314 shares during the quarter. Victory Capital Management Inc.’s holdings in Coca-Cola European Partners PLC were worth $642,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CCE. US Bancorp DE increased its position in shares of Coca-Cola European Partners PLC by 18.5% during the 1st quarter. US Bancorp DE now owns 40,381 shares of the company’s stock valued at $1,523,000 after purchasing an additional 6,300 shares during the last quarter. Suntrust Banks Inc. increased its position in shares of Coca-Cola European Partners PLC by 0.9% during the 1st quarter. Suntrust Banks Inc. now owns 8,690 shares of the company’s stock valued at $325,000 after purchasing an additional 78 shares during the last quarter. Comerica Bank bought a new position in shares of Coca-Cola European Partners PLC during the 1st quarter valued at about $565,000. Keybank National Association OH bought a new position in shares of Coca-Cola European Partners PLC during the 1st quarter valued at about $259,000. Finally, Oxford Asset Management bought a new position in shares of Coca-Cola European Partners PLC during the 1st quarter valued at about $779,000. Hedge funds and other institutional investors own 29.61% of the company’s stock.

Shares of Coca-Cola European Partners PLC (NYSE:CCE) opened at 41.48 on Monday. The firm has a 50-day moving average price of $43.15 and a 200 day moving average price of $40.18. Coca-Cola European Partners PLC has a 12-month low of $30.55 and a 12-month high of $44.75. The stock has a market cap of $20.09 billion, a PE ratio of 21.64 and a beta of 0.96.

Coca-Cola European Partners PLC (NYSE:CCE) last issued its quarterly earnings data on Thursday, August 10th. The company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.10. Coca-Cola European Partners PLC had a return on equity of 15.52% and a net margin of 6.93%. The company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the previous year, the firm posted $0.56 earnings per share. Equities research analysts expect that Coca-Cola European Partners PLC will post $2.55 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Monday, August 28th were paid a dividend of $0.25 per share. This is a boost from Coca-Cola European Partners PLC’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 2.41%. The ex-dividend date was Thursday, August 24th. Coca-Cola European Partners PLC’s payout ratio is presently 56.50%.

CCE has been the topic of several recent research reports. Argus increased 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 report on Wednesday, May 24th. Jefferies Group LLC reiterated a “hold” rating and set a $42.00 price objective on shares of Coca-Cola European Partners PLC in a research report on Wednesday, June 14th. BidaskClub lowered Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Zacks Investment Research lowered Coca-Cola European Partners PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, Deutsche Bank AG lowered Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $45.22.

WARNING: “Victory Capital Management Inc. Purchases 2,314 Shares of Coca-Cola European Partners PLC (CCE)” was published by Watch List News and is the sole property of of Watch List News. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.watchlistnews.com/victory-capital-management-inc-purchases-2314-shares-of-coca-cola-european-partners-plc-cce/1570157.html.

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.

Institutional Ownership by Quarter for Coca-Cola European Partners PLC (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.