TD Asset Management Inc. cut its stake in Coca-Cola European Partners PLC (NYSE:CCE) by 1.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 627,052 shares of the company’s stock after selling 9,825 shares during the period. TD Asset Management Inc. owned approximately 0.13% of Coca-Cola European Partners worth $26,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Capital World Investors grew its position in Coca-Cola European Partners by 6.8% in the second quarter. Capital World Investors now owns 22,083,787 shares of the company’s stock worth $898,148,000 after acquiring an additional 1,398,929 shares during the period. Artisan Partners Limited Partnership grew its position in Coca-Cola European Partners by 13.7% in the second quarter. Artisan Partners Limited Partnership now owns 16,633,760 shares of the company’s stock worth $676,495,000 after acquiring an additional 2,006,947 shares during the period. Boston Partners grew its position in Coca-Cola European Partners by 1.2% in the second quarter. Boston Partners now owns 10,511,025 shares of the company’s stock worth $427,483,000 after acquiring an additional 125,412 shares during the period. First Eagle Investment Management LLC grew its position in Coca-Cola European Partners by 14.6% in the third quarter. First Eagle Investment Management LLC now owns 6,373,721 shares of the company’s stock worth $265,274,000 after acquiring an additional 811,835 shares during the period. Finally, FMR LLC grew its position in Coca-Cola European Partners by 1.2% in the second quarter. FMR LLC now owns 5,029,177 shares of the company’s stock worth $204,506,000 after acquiring an additional 60,036 shares during the period. Institutional investors and hedge funds own 29.35% of the company’s stock.

Several brokerages recently weighed in on CCE. BidaskClub upgraded Coca-Cola European Partners from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Deutsche Bank reiterated a “hold” rating and issued a $46.00 price objective (up from $44.00) on shares of Coca-Cola European Partners in a research report on Friday, August 11th. Jefferies Group reiterated a “hold” rating and issued a $45.00 price objective on shares of Coca-Cola European Partners in a research report on Thursday, September 14th. Susquehanna Bancshares reiterated a “hold” rating on shares of Coca-Cola European Partners in a research report on Thursday, August 10th. Finally, Zacks Investment Research lowered Coca-Cola European Partners from a “hold” rating to a “sell” rating in a research report on Friday, October 27th. One 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’s stock. Coca-Cola European Partners has a consensus rating of “Hold” and a consensus price target of $44.88.

Coca-Cola European Partners PLC (NYSE CCE) opened at $38.74 on Wednesday. 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 capitalization of $18,830.00, a price-to-earnings ratio of 16.58, a PEG ratio of 2.04 and a beta of 0.90. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.76 and a current ratio of 0.95.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 20th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.96 annualized dividend and a dividend yield of 2.48%. Coca-Cola European Partners’s dividend payout ratio is currently 67.61%.

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Coca-Cola European Partners 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 (NYSE:CCE)

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