TIAA CREF Investment Management LLC Has $28.60 Million Holdings in Coca-Cola European Partners plc (CCE)

TIAA CREF Investment Management LLC raised its holdings in Coca-Cola European Partners plc (NYSE:CCE) by 45.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 717,773 shares of the company’s stock after acquiring an additional 223,650 shares during the period. TIAA CREF Investment Management LLC owned 0.15% of Coca-Cola European Partners worth $28,603,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. BB&T Securities LLC acquired a new position in Coca-Cola European Partners in the 3rd quarter valued at $239,000. ETRADE Capital Management LLC purchased a new stake in shares of Coca-Cola European Partners during the 4th quarter valued at $234,000. LMR Partners LLP purchased a new stake in shares of Coca-Cola European Partners during the 4th quarter valued at $241,000. 180 Wealth Advisors LLC purchased a new stake in shares of Coca-Cola European Partners during the 4th quarter valued at $244,000. Finally, Macquarie Group Ltd. purchased a new stake in shares of Coca-Cola European Partners during the 3rd quarter valued at $256,000. Institutional investors own 30.87% of the company’s stock.

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Shares of Coca-Cola European Partners plc (NYSE:CCE) opened at $40.14 on Monday. The company has a current ratio of 1.01, a quick ratio of 0.81 and a debt-to-equity ratio of 0.82. Coca-Cola European Partners plc has a 12-month low of $36.17 and a 12-month high of $44.75. The firm has a market cap of $19,443.07, a price-to-earnings ratio of 16.38, a P/E/G ratio of 1.99 and a beta of 0.84.

Coca-Cola European Partners (NYSE:CCE) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.03. Coca-Cola European Partners had a net margin of 5.91% and a return on equity of 16.12%. The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same period in the prior year, the company earned $0.43 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. analysts anticipate that Coca-Cola European Partners plc will post 2.81 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Tuesday, February 27th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.19%. This is a boost from Coca-Cola European Partners’s previous quarterly dividend of $0.24. The ex-dividend date was Monday, February 26th. Coca-Cola European Partners’s dividend payout ratio is 81.53%.

Several analysts have recently issued reports on CCE shares. Susquehanna Bancshares set a $33.00 price objective on shares of Coca-Cola European Partners and gave the company a “sell” rating in a research note on Wednesday, November 29th. Deutsche Bank started coverage on shares of Coca-Cola European Partners in a research note on Wednesday, December 13th. They set a “buy” rating and a $43.00 price objective for the company. Macquarie cut shares of Coca-Cola European Partners from an “outperform” rating to a “neutral” rating and set a $40.00 price objective for the company. in a research note on Friday, January 5th. Zacks Investment Research raised shares of Coca-Cola European Partners from a “sell” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Tuesday, January 9th. Finally, ValuEngine raised shares of Coca-Cola European Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $43.38.

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About Coca-Cola European Partners

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 (NYSE:CCE)

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