Suvretta Capital Management LLC Purchases New Holdings in Coca-Cola European Partners plc (CCE)

Suvretta Capital Management LLC purchased a new position in shares of Coca-Cola European Partners plc (NYSE:CCE) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 415,050 shares of the company’s stock, valued at approximately $17,274,000. Coca-Cola European Partners comprises about 0.5% of Suvretta Capital Management LLC’s investment portfolio, making the stock its 16th largest holding. Suvretta Capital Management LLC owned approximately 0.09% of Coca-Cola European Partners as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Coca-Cola European Partners by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 1,371,840 shares of the company’s stock worth $51,705,000 after acquiring an additional 25,222 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Coca-Cola European Partners by 15.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 54,951 shares of the company’s stock worth $2,072,000 after buying an additional 7,161 shares during the period. TD Asset Management Inc. lifted its holdings in Coca-Cola European Partners by 52.2% during the 2nd quarter. TD Asset Management Inc. now owns 636,877 shares of the company’s stock worth $25,902,000 after buying an additional 218,384 shares during the period. BP PLC acquired a new position in Coca-Cola European Partners during the 2nd quarter worth about $1,098,000. Finally, Canada Pension Plan Investment Board lifted its holdings in Coca-Cola European Partners by 37.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 905,441 shares of the company’s stock worth $36,824,000 after buying an additional 245,000 shares during the period. 29.35% of the stock is owned by institutional investors and hedge funds.

Shares of Coca-Cola European Partners plc (NYSE CCE) opened at $39.54 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.76 and a current ratio of 0.95. The company has a market capitalization of $19,045.88, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 2.08 and a beta of 0.91. Coca-Cola European Partners plc has a twelve month low of $31.01 and a twelve month high of $44.75.

Coca-Cola European Partners (NYSE:CCE) last issued 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). The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.99 billion. Coca-Cola European Partners had a return on equity of 15.60% and a net margin of 6.78%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 earnings per share. sell-side analysts predict that Coca-Cola European Partners plc will post 2.45 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Monday, November 20th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date was Friday, November 17th. Coca-Cola European Partners’s dividend payout ratio is currently 54.86%.

Several research analysts have commented on the company. UBS reaffirmed a “buy” rating and set a $50.00 target price (up 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 Coca-Cola European Partners and gave the company a “buy” rating in a research note on Sunday, August 13th. Deutsche Bank reissued a “hold” rating and issued a $46.00 price objective (up from $44.00) on shares of Coca-Cola European Partners in a research note on Friday, August 11th. Susquehanna Bancshares reissued a “hold” rating on shares of Coca-Cola European Partners in a research note on Thursday, August 10th. Finally, BidaskClub downgraded Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $44.88.

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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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