BNP Paribas Arbitrage SA cut its stake in shares of Coca-Cola Enterprises Inc. (NYSE:CCE) by 33.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 291,372 shares of the company’s stock after selling 144,199 shares during the period. BNP Paribas Arbitrage SA owned 0.06% of Coca-Cola Enterprises worth $11,626,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CCE. Creative Planning increased its stake in shares of Coca-Cola Enterprises by 91.2% in the second quarter. Creative Planning now owns 3,521 shares of the company’s stock valued at $126,000 after buying an additional 1,679 shares during the period. Smithfield Trust Co. increased its stake in shares of Coca-Cola Enterprises by 1,550.0% in the second quarter. Smithfield Trust Co. now owns 3,630 shares of the company’s stock valued at $130,000 after buying an additional 3,410 shares during the period. Signaturefd LLC increased its stake in shares of Coca-Cola Enterprises by 381.9% in the second quarter. Signaturefd LLC now owns 3,730 shares of the company’s stock valued at $133,000 after buying an additional 2,956 shares during the period. Springbok Capital Management LLC purchased a new stake in shares of Coca-Cola Enterprises during the first quarter valued at $288,000. Finally, Wetherby Asset Management Inc. increased its stake in shares of Coca-Cola Enterprises by 2.5% in the second quarter. Wetherby Asset Management Inc. now owns 5,932 shares of the company’s stock valued at $212,000 after buying an additional 145 shares during the period. Institutional investors own 26.48% of the company’s stock.

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

Coca-Cola Enterprises Inc. (NYSE:CCE) opened at 33.73 on Friday. The stock has a market cap of $16.28 billion, a PE ratio of 25.95 and a beta of 1.10. The firm has a 50-day moving average of $38.34 and a 200-day moving average of $40.46. Coca-Cola Enterprises Inc. has a 12-month low of $33.67 and a 12-month high of $54.54.

Coca-Cola Enterprises (NYSE:CCE) last announced its quarterly earnings data on Thursday, September 22nd. The company reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by $0.11. Coca-Cola Enterprises had a net margin of 8.49% and a return on equity of 21.76%. The firm earned $2.87 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same period in the prior year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. Equities analysts predict that Coca-Cola Enterprises Inc. will post $2.04 earnings per share for the current fiscal year.

Several brokerages have weighed in on CCE. Susquehanna restated a “hold” rating and issued a $39.00 target price on shares of Coca-Cola Enterprises in a research note on Monday, November 14th. Kepler Capital Markets assumed coverage on shares of Coca-Cola Enterprises in a research note on Thursday, October 20th. They set a “buy” rating for the company. Zacks Investment Research upgraded shares of Coca-Cola Enterprises from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. TheStreet upgraded shares of Coca-Cola Enterprises from a “hold” rating to a “buy” rating in a research note on Thursday, September 22nd. Finally, Credit Suisse Group AG assumed coverage on shares of Coca-Cola Enterprises in a research note on Thursday, September 15th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $50.46.

Coca-Cola Enterprises Company Profile

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.

5 Day Chart for NYSE:CCE

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