Synovus Financial Corp Purchases 9,467 Shares of Coca-Cola European Partners (CCE)

Synovus Financial Corp boosted its position in Coca-Cola European Partners (NYSE:CCE) by 25.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,605 shares of the company’s stock after acquiring an additional 9,467 shares during the period. Synovus Financial Corp’s holdings in Coca-Cola European Partners were worth $1,936,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its holdings in Coca-Cola European Partners by 24.9% in the fourth quarter. Victory Capital Management Inc. now owns 7,918 shares of the company’s stock valued at $316,000 after acquiring an additional 1,578 shares during the last quarter. Scotia Capital Inc. boosted its holdings in Coca-Cola European Partners by 3.4% in the fourth quarter. Scotia Capital Inc. now owns 62,746 shares of the company’s stock valued at $2,501,000 after acquiring an additional 2,060 shares during the last quarter. Manning & Napier Group LLC boosted its holdings in Coca-Cola European Partners by 4.3% in the first quarter. Manning & Napier Group LLC now owns 55,932 shares of the company’s stock valued at $2,330,000 after acquiring an additional 2,287 shares during the last quarter. Advisor Group Inc. boosted its holdings in Coca-Cola European Partners by 37.9% in the fourth quarter. Advisor Group Inc. now owns 9,215 shares of the company’s stock valued at $368,000 after acquiring an additional 2,534 shares during the last quarter. Finally, Trexquant Investment LP boosted its holdings in Coca-Cola European Partners by 7.7% in the first quarter. Trexquant Investment LP now owns 41,753 shares of the company’s stock valued at $1,739,000 after acquiring an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 31.38% of the company’s stock.

Shares of Coca-Cola European Partners opened at $38.71 on Monday, according to MarketBeat Ratings. The company has a current ratio of 1.03, a quick ratio of 0.79 and a debt-to-equity ratio of 0.82. Coca-Cola European Partners has a 1 year low of $36.17 and a 1 year high of $44.75. The stock has a market cap of $18.75 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 1.95 and a beta of 0.76.



Coca-Cola European Partners (NYSE:CCE) last issued its earnings results on Thursday, April 26th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter last year, the business earned $0.31 earnings per share. The company’s revenue was down .9% compared to the same quarter last year. equities analysts predict that Coca-Cola European Partners will post 2.77 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 29th. Stockholders of record on Monday, May 14th will be issued a dividend of $0.3195 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Friday, May 11th. Coca-Cola European Partners’s dividend payout ratio (DPR) is presently 53.56%.

CCE has been the topic of a number of recent analyst reports. Goldman Sachs upgraded Coca-Cola European Partners from a “neutral” rating to a “buy” rating in a report on Tuesday, April 17th. Zacks Investment Research cut Coca-Cola European Partners from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. ValuEngine cut Coca-Cola European Partners from a “hold” rating to a “sell” rating in a report on Monday, May 7th. Deutsche Bank raised their target price on Coca-Cola European Partners from $43.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, Susquehanna Bancshares reduced their target price on 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. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Coca-Cola European Partners has an average rating of “Hold” and a consensus price target of $43.88.

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 GLACÉAU Smartwater brands.

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

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