Voya Investment Management LLC boosted its holdings in Coca-Cola European Partners PLC (NYSE:CCE) by 13.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,338 shares of the company’s stock after acquiring an additional 3,224 shares during the quarter. Voya Investment Management LLC’s holdings in Coca-Cola European Partners were worth $1,111,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in CCE. Mount Yale Investment Advisors LLC purchased a new position in Coca-Cola European Partners in the first quarter worth $108,000. Cerebellum GP LLC purchased a new position in Coca-Cola European Partners in the second quarter worth $180,000. First Trust Advisors LP purchased a new position in Coca-Cola European Partners in the second quarter worth $228,000. Bayesian Capital Management LP purchased a new position in Coca-Cola European Partners in the first quarter worth $229,000. Finally, BB&T Securities LLC purchased a new position in Coca-Cola European Partners in the second quarter worth $231,000. Hedge funds and other institutional investors own 31.15% of the company’s stock.
Several research analysts have issued reports on CCE shares. ValuEngine upgraded Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research report on Friday, June 29th. Wells Fargo & Co increased their price objective on Coca-Cola European Partners from $39.00 to $40.00 and gave the stock a “market perform” rating in a research report on Friday, August 10th. Zacks Investment Research upgraded Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Jefferies Financial Group restated a “hold” rating and issued a $46.00 price target on shares of Coca-Cola European Partners in a research report on Wednesday, August 15th. Finally, Macquarie upgraded Coca-Cola European Partners from a “neutral” rating to an “outperform” rating and raised their price target for the company from $43.00 to $48.00 in a research report on Tuesday, September 4th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $44.43.
Shares of CCE stock opened at $44.81 on Monday. Coca-Cola European Partners PLC has a fifty-two week low of $36.17 and a fifty-two week high of $46.16. The firm has a market capitalization of $22.02 billion, a PE ratio of 18.75, a PEG ratio of 2.21 and a beta of 0.67. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.80.
Coca-Cola European Partners (NYSE:CCE) last announced its quarterly earnings results on Thursday, August 9th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Coca-Cola European Partners had a return on equity of 15.85% and a net margin of 5.97%. The business had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same quarter last year, the business posted $0.67 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. As a group, sell-side analysts anticipate that Coca-Cola European Partners PLC will post 2.63 earnings per share for the current fiscal year.
About Coca-Cola European Partners
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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