Coca-Cola European Partners PLC (CCE) Shares Bought by Invictus RG

Invictus RG increased its stake in Coca-Cola European Partners PLC (NYSE:CCE) by 39.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,501 shares of the company’s stock after buying an additional 4,417 shares during the period. Coca-Cola European Partners comprises about 0.6% of Invictus RG’s investment portfolio, making the stock its 24th largest position. Invictus RG’s holdings in Coca-Cola European Partners were worth $645,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. First Allied Advisory Services Inc. increased its stake in shares of Coca-Cola European Partners by 0.3% in the second quarter. First Allied Advisory Services Inc. now owns 10,196 shares of the company’s stock worth $411,000 after buying an additional 30 shares during the last quarter. Keybank National Association OH increased its stake in shares of Coca-Cola European Partners by 1.2% in the second quarter. Keybank National Association OH now owns 6,958 shares of the company’s stock worth $283,000 after buying an additional 83 shares during the last quarter. Raymond James Trust N.A. increased its stake in shares of Coca-Cola European Partners by 1.8% in the second quarter. Raymond James Trust N.A. now owns 5,978 shares of the company’s stock worth $243,000 after buying an additional 104 shares during the last quarter. Suntrust Banks Inc. increased its stake in shares of Coca-Cola European Partners by 2.3% in the second quarter. Suntrust Banks Inc. now owns 8,894 shares of the company’s stock worth $360,000 after buying an additional 204 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in shares of Coca-Cola European Partners by 3.8% in the second quarter. Neuberger Berman Group LLC now owns 10,492 shares of the company’s stock worth $427,000 after buying an additional 382 shares during the last quarter. Institutional investors and hedge funds own 29.35% of the company’s stock.

A number of equities analysts have commented on CCE shares. Zacks Investment Research raised shares of Coca-Cola European Partners from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a report on Monday, October 9th. BidaskClub downgraded shares of Coca-Cola European Partners from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. UBS reaffirmed a “buy” rating and issued a $50.00 price objective (up previously from $46.00) on shares of Coca-Cola European Partners in a report on Monday, August 14th. Barclays set a $47.00 price objective on shares of Coca-Cola European Partners and gave the stock a “buy” rating in a report on Sunday, August 13th. Finally, Macquarie started coverage on shares of Coca-Cola European Partners in a report on Thursday, September 14th. They issued an “outperform” rating and a $46.00 price objective for the company. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. Coca-Cola European Partners presently has an average rating of “Hold” and a consensus target price of $44.88.

Coca-Cola European Partners PLC (NYSE:CCE) opened at $39.75 on Monday. The company has a market cap of $19,254.16, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 2.10 and a beta of 0.91. 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 PLC has a 1-year low of $30.55 and a 1-year high of $44.75.

Coca-Cola European Partners (NYSE:CCE) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the firm earned $0.67 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. equities analysts forecast that Coca-Cola European Partners PLC will post 2.45 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 20th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Friday, November 17th. Coca-Cola European Partners’s dividend payout ratio (DPR) is 54.86%.

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Coca-Cola European Partners 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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