York Capital Management Global Advisors LLC trimmed its holdings in shares of Coca-Cola European Partners PLC (NYSE:CCE) by 8.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,396,403 shares of the company’s stock after selling 130,790 shares during the period. Coca-Cola European Partners PLC makes up approximately 1.2% of York Capital Management Global Advisors LLC’s holdings, making the stock its 25th largest position. York Capital Management Global Advisors LLC owned approximately 0.29% of Coca-Cola European Partners PLC worth $56,792,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Coca-Cola European Partners PLC during the second quarter valued at approximately $120,000. Advisor Group Inc. increased its position in shares of Coca-Cola European Partners PLC by 35.5% during the second quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock valued at $132,000 after acquiring an additional 939 shares in the last quarter. Fulton Bank N.A. bought a new stake in shares of Coca-Cola European Partners PLC during the second quarter valued at approximately $201,000. Shikiar Asset Management Inc. bought a new stake in shares of Coca-Cola European Partners PLC during the second quarter valued at approximately $203,000. Finally, Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in shares of Coca-Cola European Partners PLC during the second quarter valued at approximately $212,000. Hedge funds and other institutional investors own 29.63% of the company’s stock.

Coca-Cola European Partners PLC (NYSE:CCE) traded down 0.73% during midday trading on Friday, reaching $40.88. 458,615 shares of the company’s stock were exchanged. The stock has a market capitalization of $19.80 billion, a price-to-earnings ratio of 21.23 and a beta of 0.94. Coca-Cola European Partners PLC has a 12-month low of $30.55 and a 12-month high of $44.75. The stock’s 50-day moving average is $42.19 and its 200-day moving average is $40.75.

Coca-Cola European Partners PLC (NYSE:CCE) last posted its quarterly earnings results on Thursday, August 10th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.10. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Coca-Cola European Partners PLC had a net margin of 6.93% and a return on equity of 15.52%. During the same quarter last year, the company posted $0.56 earnings per share. On average, equities analysts forecast that Coca-Cola European Partners PLC will post $2.50 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Monday, August 28th were issued a $0.25 dividend. The ex-dividend date was Thursday, August 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.43%. This is a boost from Coca-Cola European Partners PLC’s previous quarterly dividend of $0.23. Coca-Cola European Partners PLC’s dividend payout ratio (DPR) is currently 56.50%.

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Several equities research analysts recently weighed in on the stock. Susquehanna Bancshares Inc reissued a “hold” rating on shares of Coca-Cola European Partners PLC in a research report on Thursday, August 10th. Jefferies Group LLC reissued a “hold” rating and set a $45.00 price target on shares of Coca-Cola European Partners PLC in a research report on Thursday, September 14th. Zacks Investment Research raised shares of Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Monday, July 10th. Deutsche Bank AG reissued a “hold” rating and set a $46.00 price target (up previously from $44.00) on shares of Coca-Cola European Partners PLC in a research report on Friday, August 11th. Finally, BidaskClub raised shares of Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $45.22.

About Coca-Cola European Partners PLC

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.

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

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