Synovus Financial Corp Acquires Shares of 36,346 Coca-Cola European Partners plc (CCE)

Synovus Financial Corp acquired a new position in Coca-Cola European Partners plc (NYSE:CCE) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 36,346 shares of the company’s stock, valued at approximately $1,512,000.

Other large investors have also added to or reduced their stakes in the company. Advisor Group Inc. increased 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 period. BNP Paribas Arbitrage SA increased its stake in shares of Coca-Cola European Partners by 50.3% in the second quarter. BNP Paribas Arbitrage SA now owns 84,454 shares of the company’s stock worth $3,435,000 after acquiring an additional 28,248 shares during the period. D L Carlson Investment Group Inc. increased its stake in shares of Coca-Cola European Partners by 49.3% in the second quarter. D L Carlson Investment Group Inc. now owns 127,565 shares of the company’s stock worth $5,188,000 after acquiring an additional 42,120 shares during the period. Artisan Partners Limited Partnership grew its position in 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 valued at $698,088,000 after buying an additional 139,127 shares during the period. Finally, Cipher Capital LP grew its position in Coca-Cola European Partners by 84.0% during the third quarter. Cipher Capital LP now owns 99,419 shares of the company’s stock valued at $4,137,000 after buying an additional 45,381 shares during the period. Hedge funds and other institutional investors own 29.35% of the company’s stock.

Several analysts recently commented on CCE shares. Susquehanna Bancshares restated a “hold” rating on shares of Coca-Cola European Partners in a research report on Thursday, August 10th. Deutsche Bank reiterated a “hold” rating and issued a $46.00 target price (up previously from $44.00) on shares of Coca-Cola European Partners in a research report on Friday, August 11th. Barclays set a $47.00 target price on shares of Coca-Cola European Partners and gave the company a “buy” rating in a research report on Sunday, August 13th. UBS reiterated a “buy” rating and issued a $50.00 target price (up previously from $46.00) on shares of Coca-Cola European Partners in a research report on Monday, August 14th. Finally, BidaskClub lowered shares of Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $44.88.

Shares of Coca-Cola European Partners plc (NYSE CCE) opened at $39.54 on Thursday. The stock has a market cap of $19,045.88, a P/E ratio of 16.88, a PEG ratio of 2.08 and a beta of 0.91. Coca-Cola European Partners plc has a 52 week low of $31.01 and a 52 week high of $44.75. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.76.

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

The business also recently declared a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 20th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Friday, November 17th. Coca-Cola European Partners’s dividend payout ratio (DPR) is 54.86%.

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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.

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Institutional Ownership by Quarter for Coca-Cola European Partners (NYSE:CCE)

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