State of New Jersey Common Pension Fund D Continues to Hold Position in Coca-Cola European Partners PLC (NYSE:CCE)

State of New Jersey Common Pension Fund D continued to hold its stake in shares of Coca-Cola European Partners PLC (NYSE:CCE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,763 shares of the company’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Coca-Cola European Partners PLC were worth $7,148,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Coca-Cola European Partners PLC during the first quarter worth about $4,864,000. Artisan Partners Limited Partnership raised its stake in shares of Coca-Cola European Partners PLC by 9.2% in the first quarter. Artisan Partners Limited Partnership now owns 14,626,813 shares of the company’s stock worth $551,285,000 after buying an additional 1,229,855 shares during the last quarter. UBS Group AG raised its stake in shares of Coca-Cola European Partners PLC by 12.0% in the first quarter. UBS Group AG now owns 213,757 shares of the company’s stock worth $8,057,000 after buying an additional 22,933 shares during the last quarter. Oxford Asset Management purchased a new stake in shares of Coca-Cola European Partners PLC during the first quarter worth about $779,000. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of Coca-Cola European Partners PLC by 136.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 44,982 shares of the company’s stock worth $1,695,000 after buying an additional 25,920 shares during the last quarter. 31.75% of the stock is currently owned by institutional investors.

Shares of Coca-Cola European Partners PLC (CCE) opened at 43.75 on Friday. The stock’s 50 day moving average price is $42.13 and its 200-day moving average price is $38.81. Coca-Cola European Partners PLC has a 52-week low of $30.55 and a 52-week high of $44.75. The stock has a market cap of $20.75 billion, a price-to-earnings ratio of 26.18 and a beta of 0.95.

Coca-Cola European Partners PLC (NYSE:CCE) last issued its earnings results on Thursday, August 10th. The company reported $0.74 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.10. Coca-Cola European Partners PLC had a net margin of 6.93% and a return on equity of 15.74%. The business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter last year, the firm posted $0.56 EPS. On average, analysts predict that Coca-Cola European Partners PLC will post $2.46 earnings per share for the current fiscal year.

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A number of analysts have issued reports on CCE shares. Barclays PLC reissued a “buy” rating and issued a $46.00 target price on shares of Coca-Cola European Partners PLC in a research report on Friday, July 21st. ABN Amro reissued a “sell” rating on shares of Coca-Cola European Partners PLC in a research report on Friday, April 28th. Jefferies Group LLC reissued a “hold” rating and issued a $42.00 target price on shares of Coca-Cola European Partners PLC in a research report on Wednesday, June 14th. Zacks Investment Research raised Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Monday, July 10th. Finally, TheStreet raised Coca-Cola European Partners PLC from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $43.88.

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

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