Cambridge Investment Research Advisors Inc. raised its stake in shares of Coca-Cola European Partners PLC (NYSE:CCE) by 7.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,646 shares of the company’s stock after acquiring an additional 1,329 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Coca-Cola European Partners were worth $848,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Exane Derivatives lifted its stake in Coca-Cola European Partners by 84,700.0% during the 3rd quarter. Exane Derivatives now owns 2,544 shares of the company’s stock valued at $115,000 after acquiring an additional 2,541 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Coca-Cola European Partners by 208.1% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 4,030 shares of the company’s stock valued at $183,000 after acquiring an additional 2,722 shares in the last quarter. Signaturefd LLC raised its stake in shares of Coca-Cola European Partners by 81.4% during 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. Fulton Bank N.A. bought a new stake in shares of Coca-Cola European Partners during the 3rd quarter worth $222,000. Finally, First Trust Advisors LP bought a new stake in shares of Coca-Cola European Partners during the 2nd quarter worth $228,000. Institutional investors and hedge funds own 31.36% of the company’s stock.
A number of equities research analysts have recently commented on the company. Zacks Investment Research cut Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. ValuEngine cut Coca-Cola European Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. Jefferies Financial Group reiterated a “hold” rating and set a $46.00 target price on shares of Coca-Cola European Partners in a research note 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 research note on Friday, August 10th. Finally, UBS Group upgraded Coca-Cola European Partners to a “neutral” rating in a research note on Friday, September 14th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $47.29.
The firm also recently announced a dividend, which was paid on Tuesday, November 20th. Stockholders of record on Friday, November 9th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, November 8th. Coca-Cola European Partners’s payout ratio is 23.43%.
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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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