Coca-Cola European Partners PLC (CCE) Shares Sold by Quantitative Systematic Strategies LLC

Quantitative Systematic Strategies LLC lowered its position in shares of Coca-Cola European Partners PLC (NYSE:CCE) by 23.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,764 shares of the company’s stock after selling 17,702 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Coca-Cola European Partners PLC were worth $2,343,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Hermes Investment Management Ltd. acquired a new stake in shares of Coca-Cola European Partners PLC during the second quarter worth approximately $252,000. Manning & Napier Advisors LLC acquired a new stake in shares of Coca-Cola European Partners PLC during the second quarter worth approximately $2,143,000. US Bancorp DE increased its stake in shares of Coca-Cola European Partners PLC by 1.5% in the second quarter. US Bancorp DE now owns 40,993 shares of the company’s stock worth $1,667,000 after buying an additional 612 shares during the last quarter. Aperio Group LLC increased its stake in shares of Coca-Cola European Partners PLC by 5.1% in the second quarter. Aperio Group LLC now owns 340,931 shares of the company’s stock worth $13,866,000 after buying an additional 16,539 shares during the last quarter. Finally, Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of Coca-Cola European Partners PLC during the second quarter worth approximately $212,000. 31.53% of the stock is owned by institutional investors.

Coca-Cola European Partners PLC (CCE) traded down 0.05% during mid-day trading on Tuesday, reaching $42.48. The company’s stock had a trading volume of 114,516 shares. The company has a 50-day moving average price of $41.09 and a 200-day moving average price of $37.85. The firm has a market cap of $20.14 billion, a PE ratio of 26.17 and a beta of 0.95. Coca-Cola European Partners PLC has a 12-month low of $30.55 and a 12-month high of $42.69.

Coca-Cola European Partners PLC (NYSE:CCE) last posted its quarterly earnings data on Thursday, May 4th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.52 billion. Coca-Cola European Partners PLC had a return on equity of 15.29% and a net margin of 6.35%. During the same period in the prior year, the business posted $0.41 EPS. On average, equities research analysts expect that Coca-Cola European Partners PLC will post $2.43 earnings per share for the current year.

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A number of analysts recently commented on the company. Barclays PLC reaffirmed a “buy” rating and set a $46.00 price target on shares of Coca-Cola European Partners PLC in a research report on Friday. Deutsche Bank AG downgraded Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Zacks Investment Research raised Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Monday, July 10th. BidaskClub downgraded Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $42.00 price target on shares of Coca-Cola European Partners PLC in a research report on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. Coca-Cola European Partners PLC presently has an average rating of “Hold” and an average target price of $43.57.

About Coca-Cola European Partners PLC

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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