State Street Corp decreased its stake in shares of Coca-Cola European Partners PLC (NYSE:CCE) by 1.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 889,866 shares of the company’s stock after selling 14,074 shares during the period. State Street Corp owned 0.19% of Coca-Cola European Partners PLC worth $33,544,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in CCE. Suntrust Banks Inc. raised its stake in shares of Coca-Cola European Partners PLC by 0.9% in the first quarter. Suntrust Banks Inc. now owns 8,690 shares of the company’s stock valued at $325,000 after buying an additional 78 shares in the last quarter. Boston Advisors LLC raised its stake in shares of Coca-Cola European Partners PLC by 0.6% in the first quarter. Boston Advisors LLC now owns 16,094 shares of the company’s stock valued at $607,000 after buying an additional 101 shares during the period. Wetherby Asset Management Inc. raised its stake in shares of Coca-Cola European Partners PLC by 1.6% in the first quarter. Wetherby Asset Management Inc. now owns 9,292 shares of the company’s stock valued at $350,000 after buying an additional 146 shares during the period. First Manhattan Co. raised its stake in shares of Coca-Cola European Partners PLC by 1.7% in the first quarter. First Manhattan Co. now owns 10,922 shares of the company’s stock valued at $435,000 after buying an additional 187 shares during the period. Finally, CENTRAL TRUST Co raised its stake in shares of Coca-Cola European Partners PLC by 4.6% in the first quarter. CENTRAL TRUST Co now owns 6,845 shares of the company’s stock valued at $258,000 after buying an additional 300 shares during the period. 31.65% of the stock is owned by hedge funds and other institutional investors.
Shares of Coca-Cola European Partners PLC (NYSE CCE) traded up 0.58% on Tuesday, reaching $43.48. The company’s stock had a trading volume of 51,800 shares. The company’s 50-day moving average is $41.40 and its 200 day moving average is $38.26. Coca-Cola European Partners PLC has a 12-month low of $30.55 and a 12-month high of $43.62. The company has a market capitalization of $20.62 billion, a price-to-earnings ratio of 26.43 and a beta of 0.95.
Coca-Cola European Partners PLC (NYSE:CCE) last issued its quarterly earnings results on Thursday, May 4th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business posted $0.41 earnings per share. Equities analysts anticipate that Coca-Cola European Partners PLC will post $2.43 earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on the company. Deutsche Bank AG lowered Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Barclays PLC reissued a “buy” rating and issued a $46.00 price objective on shares of Coca-Cola European Partners PLC in a report on Friday, July 21st. Argus lifted their price objective on Coca-Cola European Partners PLC from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, May 24th. Zacks Investment Research raised Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Monday, July 10th. Finally, BidaskClub lowered Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target 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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