Teachers Advisors LLC Buys 542,573 Shares of Coca-Cola European Partners PLC (CCE)

Teachers Advisors LLC boosted its stake in shares of Coca-Cola European Partners PLC (NYSE:CCE) by 217.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 791,768 shares of the company’s stock after buying an additional 542,573 shares during the period. Teachers Advisors LLC owned approximately 0.17% of Coca-Cola European Partners PLC worth $32,201,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership raised its holdings in Coca-Cola European Partners PLC by 9.2% during the 1st quarter. Artisan Partners Limited Partnership now owns 14,626,813 shares of the company’s stock valued at $551,285,000 after buying an additional 1,229,855 shares during the period. Boston Partners raised its holdings in Coca-Cola European Partners PLC by 1.2% during the 2nd quarter. Boston Partners now owns 10,511,025 shares of the company’s stock valued at $427,483,000 after buying an additional 125,412 shares during the period. First Eagle Investment Management LLC raised its holdings in Coca-Cola European Partners PLC by 95.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 5,561,886 shares of the company’s stock valued at $226,202,000 after buying an additional 2,716,394 shares during the period. Bank of America Corp DE raised its holdings in Coca-Cola European Partners PLC by 9.2% during the 1st quarter. Bank of America Corp DE now owns 5,210,956 shares of the company’s stock valued at $196,401,000 after buying an additional 437,276 shares during the period. Finally, Glenview Capital Management LLC raised its holdings in Coca-Cola European Partners PLC by 114.5% during the 1st quarter. Glenview Capital Management LLC now owns 4,321,074 shares of the company’s stock valued at $162,861,000 after buying an additional 2,307,013 shares during the period. Institutional investors own 29.61% of the company’s stock.

Several analysts recently weighed in on CCE shares. Jefferies Group LLC restated a “hold” rating and set a $42.00 price target on shares of Coca-Cola European Partners PLC in a report on Wednesday, June 14th. Barclays PLC restated a “buy” rating and set a $46.00 price target on shares of Coca-Cola European Partners PLC in a report on Friday, July 21st. Zacks Investment Research lowered Coca-Cola European Partners PLC from a “strong-buy” rating to a “hold” rating in a report on Monday, September 11th. Deutsche Bank AG lowered Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Finally, Macquarie started coverage on Coca-Cola European Partners PLC in a report on Thursday, September 14th. They set an “outperform” rating and a $46.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $45.22.

Shares of Coca-Cola European Partners PLC (NYSE CCE) opened at 41.28 on Wednesday. The firm has a 50-day moving average price of $43.04 and a 200-day moving average price of $40.35. The stock has a market cap of $19.99 billion, a price-to-earnings ratio of 21.53 and a beta of 0.96. Coca-Cola European Partners PLC has a 1-year low of $30.55 and a 1-year high of $44.75.

Coca-Cola European Partners PLC (NYSE:CCE) last announced its quarterly earnings results on Thursday, August 10th. The company reported $0.74 EPS for the quarter, beating 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 business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the prior year, the company posted $0.56 EPS. Equities analysts forecast that Coca-Cola European Partners PLC will post $2.56 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 28th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Thursday, August 24th. This is a positive change from Coca-Cola European Partners PLC’s previous quarterly dividend of $0.23. Coca-Cola European Partners PLC’s dividend payout ratio is 56.50%.

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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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