Suntrust Banks Inc. raised its position in shares of Coca-Cola European Partners PLC (NYSE:CCE) by 2.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,894 shares of the company’s stock after acquiring an additional 204 shares during the period. Suntrust Banks Inc.’s holdings in Coca-Cola European Partners PLC were worth $360,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. California Public Employees Retirement System boosted its holdings in shares of Coca-Cola European Partners PLC by 1.0% during the second quarter. California Public Employees Retirement System now owns 390,416 shares of the company’s stock worth $15,878,000 after acquiring an additional 3,800 shares during the period. TIAA FSB bought a new stake in shares of Coca-Cola European Partners PLC during the second quarter worth approximately $2,900,000. FMR LLC boosted its holdings in shares of Coca-Cola European Partners PLC by 1.2% during the second quarter. FMR LLC now owns 5,029,177 shares of the company’s stock worth $204,506,000 after acquiring an additional 60,036 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Coca-Cola European Partners PLC by 2.5% during the second quarter. Vanguard Group Inc. now owns 1,405,616 shares of the company’s stock worth $57,167,000 after acquiring an additional 33,776 shares during the period. Finally, Public Sector Pension investment Board boosted its holdings in shares of Coca-Cola European Partners PLC by 2.6% during the second quarter. Public Sector Pension investment Board now owns 90,995 shares of the company’s stock worth $3,690,000 after acquiring an additional 2,275 shares during the period. Institutional investors own 29.63% of the company’s stock.

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Coca-Cola European Partners PLC (NYSE CCE) opened at 41.89 on Friday. Coca-Cola European Partners PLC has a one year low of $30.55 and a one year high of $44.75. The firm has a market capitalization of $20.29 billion, a P/E ratio of 21.75 and a beta of 0.94. The stock’s 50 day moving average is $41.84 and its 200 day moving average is $40.95.

Coca-Cola European Partners PLC (NYSE:CCE) last posted its quarterly earnings data on Thursday, August 10th. The company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.10. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Coca-Cola European Partners PLC had a net margin of 6.93% and a return on equity of 15.52%. During the same quarter last year, the company posted $0.56 EPS. On average, equities research analysts predict that Coca-Cola European Partners PLC will post $2.53 earnings per share for the current fiscal year.

CCE has been the subject of several recent research reports. UBS AG reiterated a “buy” rating and issued a $50.00 price target (up from $46.00) on shares of Coca-Cola European Partners PLC in a research note 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 note on Sunday, August 13th. Deutsche Bank AG reiterated a “hold” rating and issued a $46.00 price target (up from $44.00) on shares of Coca-Cola European Partners PLC in a research note on Friday, August 11th. BidaskClub upgraded Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Finally, Susquehanna Bancshares Inc reiterated a “hold” rating on shares of Coca-Cola European Partners PLC in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $45.63.

Coca-Cola European Partners PLC Company 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 PLC (NYSE:CCE)

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