Millennium Management LLC boosted its position in shares of Coca-Cola European Partners plc (NYSE:CCE) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 283,872 shares of the company’s stock after buying an additional 6,768 shares during the quarter. Millennium Management LLC owned approximately 0.06% of Coca-Cola European Partners worth $11,312,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC grew its position in Coca-Cola European Partners by 45.3% during the fourth quarter. TIAA CREF Investment Management LLC now owns 717,773 shares of the company’s stock valued at $28,603,000 after buying an additional 223,650 shares during the period. Teachers Advisors LLC grew its position in Coca-Cola European Partners by 17.7% during the fourth quarter. Teachers Advisors LLC now owns 982,844 shares of the company’s stock valued at $39,166,000 after buying an additional 148,007 shares during the period. California State Teachers Retirement System purchased a new position in Coca-Cola European Partners during the fourth quarter valued at $5,822,000. Two Sigma Investments LP lifted its holdings in Coca-Cola European Partners by 475.4% during the fourth quarter. Two Sigma Investments LP now owns 721,696 shares of the company’s stock valued at $28,760,000 after purchasing an additional 596,266 shares in the last quarter. Finally, Two Sigma Advisers LP purchased a new position in Coca-Cola European Partners during the fourth quarter valued at $16,465,000. Institutional investors own 30.87% of the company’s stock.
NYSE:CCE opened at $41.73 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.81 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $20,213.26, a PE ratio of 17.03, a price-to-earnings-growth ratio of 2.07 and a beta of 0.74. Coca-Cola European Partners plc has a twelve month low of $36.17 and a twelve month high of $44.75.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.32 dividend. This is an increase from Coca-Cola European Partners’s previous quarterly dividend of $0.24. This represents a $1.28 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Monday, February 26th. Coca-Cola European Partners’s dividend payout ratio (DPR) is currently 53.56%.
Several equities analysts have issued reports on CCE shares. ValuEngine raised shares of Coca-Cola European Partners from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Deutsche Bank increased their price objective on shares of Coca-Cola European Partners from $43.00 to $46.00 and gave the company a “buy” rating in a report on Friday, February 16th. 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 on the stock in a report on Tuesday, January 9th. Susquehanna Bancshares decreased their price objective on shares of Coca-Cola European Partners from $33.00 to $30.00 and set a “negative” rating on the stock in a report on Monday, February 12th. Finally, Macquarie downgraded shares of Coca-Cola European Partners from an “outperform” rating to a “neutral” rating and set a $40.00 price objective on the stock. in a report on Friday, January 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Coca-Cola European Partners currently has an average rating of “Hold” and an average target price 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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