California Public Employees Retirement System lifted its stake in shares of Coca-Cola European Partners PLC (NYSE:CCE) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 390,416 shares of the company’s stock after purchasing an additional 3,800 shares during the quarter. California Public Employees Retirement System owned 0.08% of Coca-Cola European Partners PLC worth $15,878,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CCE. SG Americas Securities LLC bought a new position in shares of Coca-Cola European Partners PLC in the second quarter worth $120,000. Fulton Bank N.A. bought a new stake in Coca-Cola European Partners PLC during the second quarter worth about $201,000. Shikiar Asset Management Inc. acquired a new stake in Coca-Cola European Partners PLC during the second quarter worth about $203,000. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in Coca-Cola European Partners PLC during the second quarter worth about $212,000. Finally, Reliance Trust Co. of Delaware acquired a new stake in Coca-Cola European Partners PLC during the second quarter worth about $241,000. Institutional investors own 29.63% of the company’s stock.

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Several research firms have commented on CCE. Zacks Investment Research raised shares of Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Monday, July 10th. UBS AG restated a “buy” rating and issued a $50.00 target price (up from $46.00) on shares of Coca-Cola European Partners PLC in a research report on Monday, August 14th. Barclays PLC set a $47.00 price target on shares of Coca-Cola European Partners PLC and gave the stock a “buy” rating in a report on Sunday, August 13th. BidaskClub raised shares of Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Finally, Deutsche Bank AG lowered shares of Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $45.22.

Coca-Cola European Partners PLC (NYSE:CCE) opened at 41.82 on Tuesday. The stock’s 50 day moving average is $42.41 and its 200 day moving average is $40.71. The firm has a market capitalization of $20.25 billion, a P/E ratio of 21.71 and a beta of 0.94. Coca-Cola European Partners PLC has a one year low of $30.55 and a one year high of $44.75.

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, topping the Zacks’ consensus estimate of $0.64 by $0.10. The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.77 billion. Coca-Cola European Partners PLC had a net margin of 6.93% and a return on equity of 15.52%. During the same quarter in the prior year, the firm earned $0.56 EPS. On average, equities research analysts predict that Coca-Cola European Partners PLC will post $2.55 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 28th were issued a dividend of $0.25 per share. This is an increase from Coca-Cola European Partners PLC’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Thursday, August 24th. Coca-Cola European Partners PLC’s payout ratio is currently 56.50%.

Coca-Cola European Partners PLC 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)

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