Highland Capital Management LP Takes $542,000 Position in Coca-Cola European Partners PLC (CCE)

Share on StockTwits

Highland Capital Management LP purchased a new position in shares of Coca-Cola European Partners PLC (NYSE:CCE) in the 1st quarter, HoldingsChannel reports. The fund purchased 13,000 shares of the company’s stock, valued at approximately $542,000.

A number of other large investors have also recently made changes to their positions in the business. BlackRock Inc. increased its stake in Coca-Cola European Partners by 173.0% during the first quarter. BlackRock Inc. now owns 11,477,385 shares of the company’s stock worth $478,147,000 after acquiring an additional 7,273,215 shares during the last quarter. Wells Fargo & Company MN increased its stake in Coca-Cola European Partners by 199.0% during the first quarter. Wells Fargo & Company MN now owns 2,873,741 shares of the company’s stock worth $119,721,000 after acquiring an additional 1,912,524 shares during the last quarter. Deutsche Bank AG increased its stake in Coca-Cola European Partners by 9.5% during the fourth quarter. Deutsche Bank AG now owns 2,764,710 shares of the company’s stock worth $110,170,000 after acquiring an additional 240,385 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Coca-Cola European Partners by 1.7% during the fourth quarter. Bank of New York Mellon Corp now owns 2,401,861 shares of the company’s stock worth $95,712,000 after acquiring an additional 40,712 shares during the last quarter. Finally, OZ Management LP increased its stake in Coca-Cola European Partners by 17.5% during the first quarter. OZ Management LP now owns 1,653,614 shares of the company’s stock worth $68,890,000 after acquiring an additional 246,577 shares during the last quarter. Institutional investors own 31.89% of the company’s stock.

CCE stock opened at $40.19 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 0.82. Coca-Cola European Partners PLC has a 1 year low of $36.17 and a 1 year high of $44.75. The stock has a market capitalization of $19.47 billion, a PE ratio of 16.82, a P/E/G ratio of 2.03 and a beta of 0.74.

Coca-Cola European Partners (NYSE:CCE) last posted its earnings results on Thursday, April 26th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. Coca-Cola European Partners had a return on equity of 15.52% and a net margin of 5.70%. The business had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.45 billion. During the same quarter last year, the firm earned $0.31 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year. equities analysts predict that Coca-Cola European Partners PLC will post 2.73 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 29th. Stockholders of record on Monday, May 14th were paid a $0.3195 dividend. The ex-dividend date was Friday, May 11th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.18%. Coca-Cola European Partners’s dividend payout ratio (DPR) is currently 53.56%.

Several equities research analysts have commented on CCE shares. Zacks Investment Research upgraded Coca-Cola European Partners from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Tuesday, April 17th. Goldman Sachs Group upgraded Coca-Cola European Partners from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 17th. Morgan Stanley started coverage on Coca-Cola European Partners in a research note on Monday, March 26th. They set an “overweight” rating for the company. ValuEngine upgraded Coca-Cola European Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Coca-Cola European Partners in a research note on Thursday, April 26th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.57.

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 GLAC√ČAU Smartwater brands.

Want to see what other hedge funds are holding CCE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola European Partners PLC (NYSE:CCE).

Institutional Ownership by Quarter for Coca-Cola European Partners (NYSE:CCE)

Receive News & Ratings for Coca-Cola European Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola European Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Analysts Anticipate Trade Desk Inc  Will Post Quarterly Sales of $103.67 Million
Analysts Anticipate Trade Desk Inc Will Post Quarterly Sales of $103.67 Million
Gap Inc  Expected to Announce Quarterly Sales of $3.98 Billion
Gap Inc Expected to Announce Quarterly Sales of $3.98 Billion
Sinovac Biotech  Given Daily Media Impact Rating of -0.02
Sinovac Biotech Given Daily Media Impact Rating of -0.02
Limoneira  Receives Daily News Sentiment Rating of 0.06
Limoneira Receives Daily News Sentiment Rating of 0.06
Motorola Solutions  Hits New 1-Year High at $121.69
Motorola Solutions Hits New 1-Year High at $121.69
Vince  Hits New 52-Week High at $20.35
Vince Hits New 52-Week High at $20.35


© 2006-2018 Ticker Report. Google+.