Putnam FL Investment Management Co. Buys Shares of 18,675 Coca-Cola European Partners plc (CCE)

Putnam FL Investment Management Co. bought a new stake in shares of Coca-Cola European Partners plc (NYSE:CCE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 18,675 shares of the company’s stock, valued at approximately $744,000.

Other institutional investors have also made changes to their positions in the company. Advisor Group Inc. increased its position in shares of Coca-Cola European Partners by 35.5% during the 2nd quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock valued at $132,000 after purchasing an additional 939 shares during the last quarter. Artisan Partners Limited Partnership increased its holdings in Coca-Cola European Partners by 0.8% in the 3rd quarter. Artisan Partners Limited Partnership now owns 16,772,887 shares of the company’s stock worth $698,088,000 after acquiring an additional 139,127 shares during the last quarter. Stifel Financial Corp increased its holdings in Coca-Cola European Partners by 93.9% in the 3rd quarter. Stifel Financial Corp now owns 31,471 shares of the company’s stock worth $1,302,000 after acquiring an additional 15,241 shares during the last quarter. Davidson Kempner Capital Management LP purchased a new stake in Coca-Cola European Partners in the 3rd quarter worth about $2,539,000. Finally, Macquarie Group Ltd. purchased a new stake in Coca-Cola European Partners in the 3rd quarter worth about $256,000. 29.25% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola European Partners plc (NYSE:CCE) opened at $37.60 on Friday. Coca-Cola European Partners plc has a 12 month low of $34.36 and a 12 month high of $44.75. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $18,479.15, a PE ratio of 16.37, a price-to-earnings-growth ratio of 1.81 and a beta of 0.82.

Coca-Cola European Partners (NYSE:CCE) last issued its earnings results on Tuesday, November 7th. The company reported $0.68 EPS for the quarter, missing the 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 company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the business earned $0.67 EPS. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. equities analysts expect that Coca-Cola European Partners plc will post 2.51 earnings per share for the current year.

Several equities research analysts recently weighed in on CCE shares. Deutsche Bank started coverage on Coca-Cola European Partners in a report on Wednesday, December 13th. They issued a “buy” rating and a $43.00 price objective for the company. Zacks Investment Research raised Coca-Cola European Partners from a “sell” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Tuesday, January 9th. Susquehanna Bancshares lowered Coca-Cola European Partners from a “neutral” rating to a “neutral” rating and decreased their price objective for the stock from $38.00 to $33.00 in a report on Monday, November 13th. UBS Group lowered Coca-Cola European Partners to a “neutral” rating in a report on Monday, November 13th. Finally, Macquarie lowered Coca-Cola European Partners from an “outperform” rating to a “neutral” rating and set a $40.00 price objective for the company. in a report on Friday, January 5th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $43.38.

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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.

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

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