Clinton Group Inc. Takes Position in Coca-Cola European Partners PLC (CCE)

Clinton Group Inc. acquired a new position in shares of Coca-Cola European Partners PLC (NYSE:CCE) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 128,976 shares of the company’s stock, valued at approximately $5,242,000. Coca-Cola European Partners comprises 0.8% of Clinton Group Inc.’s investment portfolio, making the stock its 20th largest holding.

Several other institutional investors have also recently added to or reduced their stakes in CCE. BlackRock Inc. increased its stake in shares of Coca-Cola European Partners by 173.0% during the 1st quarter. BlackRock Inc. now owns 11,477,385 shares of the company’s stock worth $478,147,000 after purchasing an additional 7,273,215 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Coca-Cola European Partners by 199.0% during the 1st quarter. Wells Fargo & Company MN now owns 2,873,741 shares of the company’s stock worth $119,721,000 after purchasing an additional 1,912,524 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Coca-Cola European Partners during the 4th quarter worth about $49,698,000. Summit Trail Advisors LLC increased its stake in shares of Coca-Cola European Partners by 4,020.4% during the 1st quarter. Summit Trail Advisors LLC now owns 1,246,762 shares of the company’s stock worth $1,247,000 after purchasing an additional 1,216,504 shares during the last quarter. Finally, York Capital Management Global Advisors LLC acquired a new position in shares of Coca-Cola European Partners during the 4th quarter worth about $44,728,000. Institutional investors own 31.92% of the company’s stock.

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Several research firms have recently weighed in on CCE. ValuEngine upgraded shares of Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research note on Friday, June 29th. Zacks Investment Research lowered shares of Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, April 18th. Jefferies Financial Group reiterated a “hold” rating on shares of Coca-Cola European Partners in a research note on Thursday, April 26th. Morgan Stanley began coverage on shares of Coca-Cola European Partners in a research note on Monday, March 26th. They issued an “overweight” rating on the stock. Finally, Goldman Sachs Group upgraded shares of Coca-Cola European Partners from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $43.57.

Coca-Cola European Partners traded up $0.13, hitting $40.83, on Friday, MarketBeat.com reports. The company had a trading volume of 58,814 shares, compared to its average volume of 1,299,467. The company has a market cap of $19.67 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 2.08 and a beta of 0.72. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.03 and a quick ratio of 0.79. Coca-Cola European Partners PLC has a 52 week low of $36.17 and a 52 week high of $44.75.

Coca-Cola European Partners (NYSE:CCE) last issued its quarterly earnings data on Thursday, April 26th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The business had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.45 billion. Coca-Cola European Partners had a net margin of 5.70% and a return on equity of 15.52%. The firm’s revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 EPS. analysts expect that Coca-Cola European Partners PLC will post 2.71 EPS for the current year.

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 GLACAU Smartwater brands.

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

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