Deutsche Bank AG lifted its stake in shares of Coca-Cola European Partners plc (NYSE:CCE) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,764,710 shares of the company’s stock after acquiring an additional 240,385 shares during the period. Deutsche Bank AG’s holdings in Coca-Cola European Partners were worth $110,170,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Artisan Partners Limited Partnership increased its position in shares of Coca-Cola European Partners by 0.8% during the third quarter. Artisan Partners Limited Partnership now owns 16,772,887 shares of the company’s stock worth $698,088,000 after acquiring an additional 139,127 shares in the last quarter. Stifel Financial Corp increased its position in shares of Coca-Cola European Partners by 93.9% during the third quarter. Stifel Financial Corp now owns 31,471 shares of the company’s stock worth $1,302,000 after acquiring an additional 15,241 shares in the last quarter. Davidson Kempner Capital Management LP bought a new stake in shares of Coca-Cola European Partners during the third quarter worth $2,539,000. Macquarie Group Ltd. bought a new stake in shares of Coca-Cola European Partners during the third quarter worth $256,000. Finally, Cipher Capital LP increased its position in shares of Coca-Cola European Partners by 84.0% during the third quarter. Cipher Capital LP now owns 99,419 shares of the company’s stock worth $4,137,000 after acquiring an additional 45,381 shares in the last quarter. 30.30% of the stock is owned by institutional investors.

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Several equities research analysts have recently issued reports on CCE shares. ValuEngine raised shares of Coca-Cola European Partners from a “hold” rating to a “buy” rating in a research report on Wednesday. Deutsche Bank increased their price objective on shares of Coca-Cola European Partners from $43.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Zacks Investment Research raised shares of Coca-Cola European Partners from a “sell” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Tuesday, January 9th. Susquehanna Bancshares lowered their price objective on shares of Coca-Cola European Partners from $33.00 to $30.00 and set a “negative” rating for the company in a research report on Monday, February 12th. Finally, Macquarie downgraded shares of Coca-Cola European Partners from an “outperform” rating to a “neutral” rating and set a $40.00 price objective for the company. in a research report on Friday, January 5th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $43.38.

Coca-Cola European Partners plc (CCE) opened at $40.90 on Friday. Coca-Cola European Partners plc has a 1-year low of $35.34 and a 1-year high of $44.75. The company has a market cap of $19,811.22, a price-to-earnings ratio of 26.05, a P/E/G ratio of 1.89 and a beta of 0.84. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.76.

Coca-Cola European Partners (NYSE:CCE) last announced its earnings results on Thursday, February 15th. The company reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. Coca-Cola European Partners had a net margin of 5.91% and a return on equity of 16.37%. The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter in the prior year, the company posted $0.43 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. analysts forecast that Coca-Cola European Partners plc will post 2.81 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be issued a dividend of $0.32 per share. This is a boost from Coca-Cola European Partners’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Monday, February 26th. This represents a $1.28 annualized dividend and a yield of 3.13%. Coca-Cola European Partners’s dividend payout ratio is presently 81.53%.

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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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