Eagle Asset Management Inc. boosted its stake in Coca-Cola European Partners PLC (NYSE:CCE) by 19.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 13,254 shares of the company’s stock after purchasing an additional 2,136 shares during the period. Eagle Asset Management Inc.’s holdings in Coca-Cola European Partners were worth $685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. First Hawaiian Bank grew its stake in shares of Coca-Cola European Partners by 20.4% in the fourth quarter. First Hawaiian Bank now owns 16,873 shares of the company’s stock worth $773,000 after purchasing an additional 2,861 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Coca-Cola European Partners in the first quarter worth $497,000. Vanguard Group Inc. grew its stake in shares of Coca-Cola European Partners by 15.6% in the third quarter. Vanguard Group Inc. now owns 1,717,739 shares of the company’s stock worth $78,105,000 after purchasing an additional 232,184 shares in the last quarter. Unison Advisors LLC grew its stake in shares of Coca-Cola European Partners by 0.7% in the first quarter. Unison Advisors LLC now owns 30,182 shares of the company’s stock worth $1,561,000 after purchasing an additional 204 shares in the last quarter. Finally, Virginia Retirement Systems ET AL boosted its stake in Coca-Cola European Partners by 18.3% during the first quarter. Virginia Retirement Systems ET AL now owns 448,300 shares of the company’s stock valued at $23,195,000 after buying an additional 69,400 shares in the last quarter. 31.36% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CCE stock opened at $54.71 on Tuesday. Coca-Cola European Partners PLC has a fifty-two week low of $36.17 and a fifty-two week high of $46.90. The stock has a market cap of $25.65 billion, a P/E ratio of 22.89, a PEG ratio of 2.11 and a beta of 0.60. The company has a quick ratio of 0.81, a current ratio of 1.01 and a debt-to-equity ratio of 0.77.
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Coca-Cola European Partners Plc engages in the distribution and sale of ready-to-drink beverages. It operates through the following brands: Coca-Cola, Diet Coke or Coca-Cola Light, Coke Zero, Coca-Cola Life, Fanta, and Sprite. It also offers energy drinks, waters, juices, sports drinks, and ready-to-drink teas.
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