Commerzbank Aktiengesellschaft FI Boosts Holdings in Coca-Cola European Partners plc (CCE)

Commerzbank Aktiengesellschaft FI raised its position in Coca-Cola European Partners plc (NYSE:CCE) by 262.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 26,193 shares of the company’s stock after purchasing an additional 18,961 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Coca-Cola European Partners were worth $1,090,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. First Allied Advisory Services Inc. boosted its stake in shares of Coca-Cola European Partners by 0.3% during the second quarter. First Allied Advisory Services Inc. now owns 10,196 shares of the company’s stock valued at $411,000 after acquiring an additional 30 shares during the last quarter. Keybank National Association OH boosted its stake in shares of Coca-Cola European Partners by 1.2% during the second quarter. Keybank National Association OH now owns 6,958 shares of the company’s stock valued at $283,000 after acquiring an additional 83 shares during the last quarter. Raymond James Trust N.A. boosted its stake in shares of Coca-Cola European Partners by 1.8% during the second quarter. Raymond James Trust N.A. now owns 5,978 shares of the company’s stock valued at $243,000 after acquiring an additional 104 shares during the last quarter. Suntrust Banks Inc. boosted its stake in shares of Coca-Cola European Partners by 2.3% during the second quarter. Suntrust Banks Inc. now owns 8,894 shares of the company’s stock valued at $360,000 after acquiring an additional 204 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in shares of Coca-Cola European Partners by 3.8% during the second quarter. Neuberger Berman Group LLC now owns 10,492 shares of the company’s stock valued at $427,000 after acquiring an additional 382 shares during the last quarter. 29.35% of the stock is currently owned by institutional investors.

A number of analysts recently commented on the company. Susquehanna Bancshares reaffirmed a “hold” rating on shares of Coca-Cola European Partners in a research note on Thursday, August 10th. Jefferies Group reaffirmed a “hold” rating and set a $45.00 price objective on shares of Coca-Cola European Partners in a research note on Thursday, September 14th. Deutsche Bank reaffirmed a “hold” rating and set a $46.00 price objective (up previously from $44.00) on shares of Coca-Cola European Partners in a research note on Friday, August 11th. BidaskClub lowered Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, UBS reaffirmed a “buy” rating and set a $50.00 price objective (up previously from $46.00) on shares of Coca-Cola European Partners in a research note on Monday, August 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $44.88.

Coca-Cola European Partners plc (NYSE:CCE) opened at $39.32 on Friday. Coca-Cola European Partners plc has a 12-month low of $31.01 and a 12-month high of $44.75. The firm has a market capitalization of $19,152.45, a PE ratio of 16.97, a P/E/G ratio of 2.09 and a beta of 0.91. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.76 and a current ratio of 0.95.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Monday, November 20th were given a dividend of $0.24 per share. The ex-dividend date was Friday, November 17th. This represents a $0.96 annualized dividend and a yield of 2.44%. Coca-Cola European Partners’s dividend payout ratio (DPR) is presently 54.86%.

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About Coca-Cola European Partners

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 (NYSE:CCE)

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