Coca-Cola European Partners PLC (CCE) Shares Bought by Renaissance Technologies LLC

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Renaissance Technologies LLC boosted its position in shares of Coca-Cola European Partners PLC (NYSE:CCE) by 76.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,174 shares of the company’s stock after purchasing an additional 12,674 shares during the quarter. Renaissance Technologies LLC’s holdings in Coca-Cola European Partners were worth $1,184,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CCE. The Manufacturers Life Insurance Company grew its holdings in shares of Coca-Cola European Partners by 40.6% during the first quarter. The Manufacturers Life Insurance Company now owns 135,289 shares of the company’s stock valued at $5,636,000 after buying an additional 39,100 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Coca-Cola European Partners by 10.0% during the first quarter. Royal Bank of Canada now owns 26,097 shares of the company’s stock valued at $1,087,000 after buying an additional 2,383 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of Coca-Cola European Partners by 18.1% during the first quarter. Allianz Asset Management GmbH now owns 683,773 shares of the company’s stock valued at $28,486,000 after buying an additional 104,558 shares during the last quarter. Suntrust Banks Inc. grew its holdings in shares of Coca-Cola European Partners by 43.7% during the first quarter. Suntrust Banks Inc. now owns 11,024 shares of the company’s stock valued at $458,000 after buying an additional 3,353 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC acquired a new position in shares of Coca-Cola European Partners during the first quarter valued at about $108,000. Institutional investors own 31.34% of the company’s stock.

CCE has been the subject of a number of analyst reports. ValuEngine cut shares of Coca-Cola European Partners from a “hold” rating to a “sell” rating in a report on Wednesday, August 22nd. UBS Group upgraded shares of Coca-Cola European Partners to a “neutral” rating in a report on Friday, September 14th. Zacks Investment Research upgraded shares of Coca-Cola European Partners from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Tuesday, October 16th. Susquehanna Bancshares reduced their price objective on shares of Coca-Cola European Partners from $50.00 to $48.00 and set a “neutral” rating for the company in a report on Thursday, October 25th. Finally, Wells Fargo & Co boosted their price target on shares of 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. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $47.29.

Coca-Cola European Partners stock opened at $45.49 on Thursday. Coca-Cola European Partners PLC has a fifty-two week low of $36.17 and a fifty-two week high of $46.16. The stock has a market cap of $21.40 billion, a P/E ratio of 19.03, a PEG ratio of 2.00 and a beta of 0.67. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.81 and a current ratio of 1.01.

Coca-Cola European Partners (NYSE:CCE) last released its quarterly earnings results on Thursday, August 9th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. Coca-Cola European Partners had a net margin of 6.26% and a return on equity of 16.36%. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the previous year, the company earned $0.67 earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, research analysts anticipate that Coca-Cola European Partners PLC will post 2.62 earnings per share for the current year.

Coca-Cola European Partners Company 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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