Parametrica Management Ltd cut its stake in Coca-Cola European Partners plc (NYSE:CCE) by 55.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,403 shares of the company’s stock after selling 10,374 shares during the period. Parametrica Management Ltd’s holdings in Coca-Cola European Partners were worth $335,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CCE. Schwab Charles Investment Management Inc. raised its stake in shares of Coca-Cola European Partners by 43.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 78,781 shares of the company’s stock worth $3,205,000 after acquiring an additional 23,830 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Coca-Cola European Partners by 1.8% in the second quarter. Alliancebernstein L.P. now owns 69,934 shares of the company’s stock worth $2,844,000 after acquiring an additional 1,228 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Coca-Cola European Partners by 2.5% in the second quarter. Vanguard Group Inc. now owns 1,405,616 shares of the company’s stock worth $57,167,000 after acquiring an additional 33,776 shares during the last quarter. Suntrust Banks Inc. raised its stake in shares of Coca-Cola European Partners by 2.3% in the second quarter. Suntrust Banks Inc. now owns 8,894 shares of the company’s stock worth $360,000 after acquiring an additional 204 shares during the last quarter. Finally, Advisor Group Inc. raised its stake in shares of Coca-Cola European Partners by 35.5% in the second quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock worth $132,000 after acquiring an additional 939 shares during the last quarter. 29.32% of the stock is owned by institutional investors.

Shares of Coca-Cola European Partners plc (CCE) opened at $38.30 on Friday. Coca-Cola European Partners plc has a 1 year low of $34.36 and a 1 year high of $44.75. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.76 and a current ratio of 0.95. The company has a market cap of $18,551.83, a P/E ratio of 16.44, a PEG ratio of 1.82 and a beta of 0.82.

Coca-Cola European Partners (NYSE:CCE) last issued 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 business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The firm’s quarterly revenue was down .7% compared to the same quarter last year. research analysts expect that Coca-Cola European Partners plc will post 2.51 earnings per share for the current year.

A number of equities analysts have weighed in on CCE shares. Zacks Investment Research raised shares of Coca-Cola European Partners from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Monday, October 9th. UBS Group downgraded shares of Coca-Cola European Partners to a “neutral” rating in a research note on Monday, November 13th. Susquehanna Bancshares downgraded shares of Coca-Cola European Partners from a “neutral” rating to a “neutral” rating and dropped their target price for the stock from $38.00 to $33.00 in a research note on Monday, November 13th. Deutsche Bank started coverage on shares of Coca-Cola European Partners in a research note on Wednesday, December 13th. They issued a “buy” rating and a $43.00 target price for the company. Finally, Macquarie downgraded shares of Coca-Cola European Partners from an “outperform” rating to a “neutral” rating and set a $40.00 target price for the company. in a research note on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Coca-Cola European Partners presently has a consensus rating of “Hold” and an average price target of $43.38.

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Coca-Cola European Partners 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 (NYSE:CCE)

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