Comerica Bank reduced its position in shares of Coca-Cola European Partners PLC (NYSE:CCE) by 16.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,478 shares of the company’s stock after selling 2,394 shares during the period. Comerica Bank’s holdings in Coca-Cola European Partners PLC were worth $531,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CCE. Glenview Capital Management LLC grew its holdings in Coca-Cola European Partners PLC by 114.5% during the first quarter. Glenview Capital Management LLC now owns 4,321,074 shares of the company’s stock worth $162,861,000 after acquiring an additional 2,307,013 shares during the period. PGGM Investments acquired a new position in shares of Coca-Cola European Partners PLC in the 2nd quarter valued at $33,397,000. OppenheimerFunds Inc. boosted its position in shares of Coca-Cola European Partners PLC by 38.3% in the 1st quarter. OppenheimerFunds Inc. now owns 2,672,470 shares of the company’s stock valued at $100,725,000 after purchasing an additional 739,758 shares during the period. Apertura Capital LLC acquired a new position in shares of Coca-Cola European Partners PLC in the 1st quarter valued at $22,614,000. Finally, Bank of America Corp DE boosted its position in shares of Coca-Cola European Partners PLC by 9.2% in the 1st quarter. Bank of America Corp DE now owns 5,210,956 shares of the company’s stock valued at $196,401,000 after purchasing an additional 437,276 shares during the period. 29.61% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola European Partners PLC (CCE) opened at 40.64 on Monday. Coca-Cola European Partners PLC has a 52 week low of $30.55 and a 52 week high of $44.75. The company has a market capitalization of $19.68 billion, a P/E ratio of 21.10 and a beta of 0.96. The company has a 50 day moving average price of $43.04 and a 200-day moving average price of $40.35.

Coca-Cola European Partners PLC (NYSE:CCE) last issued its quarterly earnings results on Thursday, August 10th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.64 by $0.10. Coca-Cola European Partners PLC had a return on equity of 15.52% and a net margin of 6.93%. The firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the prior year, the firm posted $0.56 earnings per share. On average, equities analysts anticipate that Coca-Cola European Partners PLC will post $2.55 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Monday, August 28th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 24th. This is a boost from Coca-Cola European Partners PLC’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 2.46%. Coca-Cola European Partners PLC’s dividend payout ratio is 56.50%.

A number of equities analysts recently weighed in on CCE shares. Zacks Investment Research upgraded Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Monday, July 10th. UBS AG reiterated a “buy” rating and issued a $50.00 price target (up previously from $46.00) on shares of Coca-Cola European Partners PLC in a research report on Monday, August 14th. Barclays PLC set a $47.00 price target on Coca-Cola European Partners PLC and gave the company a “buy” rating in a research report on Sunday, August 13th. BidaskClub upgraded Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, Deutsche Bank AG lowered Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $45.22.

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About Coca-Cola European Partners PLC

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.

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

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