Canada Pension Plan Investment Board Buys 23,125 Shares of Coca-Cola European Partners PLC (CCE)

Canada Pension Plan Investment Board lifted its stake in Coca-Cola European Partners PLC (NYSE:CCE) by 8.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 308,595 shares of the company’s stock after purchasing an additional 23,125 shares during the quarter. Canada Pension Plan Investment Board owned about 0.06% of Coca-Cola European Partners worth $14,032,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Manning & Napier Group LLC boosted its holdings in shares of Coca-Cola European Partners by 3.3% in the 3rd quarter. Manning & Napier Group LLC now owns 58,756 shares of the company’s stock worth $2,671,000 after purchasing an additional 1,876 shares during the period. First Hawaiian Bank purchased a new position in shares of Coca-Cola European Partners in the 3rd quarter worth approximately $637,000. Wells Fargo & Company MN boosted its holdings in shares of Coca-Cola European Partners by 24.3% in the 2nd quarter. Wells Fargo & Company MN now owns 3,572,178 shares of the company’s stock worth $145,174,000 after purchasing an additional 698,437 shares during the period. Cadence Capital Management LLC purchased a new position in shares of Coca-Cola European Partners in the 2nd quarter worth approximately $1,655,000. Finally, Signaturefd LLC boosted its holdings in shares of Coca-Cola European Partners by 81.4% in the 2nd quarter. Signaturefd LLC now owns 4,570 shares of the company’s stock worth $186,000 after purchasing an additional 2,051 shares during the period. Hedge funds and other institutional investors own 31.36% of the company’s stock.

CCE opened at $48.54 on Tuesday. Coca-Cola European Partners PLC has a 52-week low of $36.17 and a 52-week high of $46.90. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.01 and a quick ratio of 0.81. The firm has a market cap of $22.63 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60.

The firm also recently disclosed a dividend, which was paid on Tuesday, November 20th. Investors of record on Friday, November 9th were issued a dividend of $0.32 per share. The ex-dividend date was Thursday, November 8th. Coca-Cola European Partners’s payout ratio is currently 23.43%.

A number of brokerages have recently commented on CCE. Zacks Investment Research cut Coca-Cola European Partners from a “buy” rating to a “hold” rating in a report on Friday, October 26th. ValuEngine upgraded Coca-Cola European Partners from a “sell” rating to a “hold” rating in a report on Saturday, September 1st. Jefferies Financial Group reiterated a “hold” rating and issued a $46.00 target price on shares of Coca-Cola European Partners in a report on Wednesday, August 15th. Wells Fargo & Co lifted their target price on Coca-Cola European Partners from $39.00 to $40.00 and gave the stock a “market perform” rating in a report on Friday, August 10th. Finally, UBS Group upgraded Coca-Cola European Partners to a “neutral” rating in a report on Friday, September 14th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $47.29.

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Coca-Cola European Partners Profile

Coca-Cola European Partners plc, together with its subsidiaries, produces, distributes, and markets a range of nonalcoholic ready-to-drink beverages. The company offers water, juice, isotonic, sparkling flavor and energy drink, and other products. It provides its products primarily under the Coca-Cola, Fanta, and Monster brands, as well as Coca-Cola Zero Sugar, Vio, Royal Bliss, Honest, and GLACÉAU Smartwater brands.

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

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