Engineers Gate Manager LP acquired a new stake in Coca-Cola European Partners plc (NYSE:CCE) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 73,525 shares of the company’s stock, valued at approximately $3,060,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CCE. First Eagle Investment Management LLC boosted its stake in shares of Coca-Cola European Partners by 95.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 5,561,886 shares of the company’s stock worth $226,202,000 after purchasing an additional 2,716,394 shares during the last quarter. Artisan Partners Limited Partnership lifted its holdings in shares of Coca-Cola European Partners by 13.7% during the 2nd quarter. Artisan Partners Limited Partnership now owns 16,633,760 shares of the company’s stock worth $676,495,000 after acquiring an additional 2,006,947 shares during the period. Capital World Investors lifted its holdings in shares of Coca-Cola European Partners by 6.8% during the 2nd quarter. Capital World Investors now owns 22,083,787 shares of the company’s stock worth $898,148,000 after acquiring an additional 1,398,929 shares during the period. Kingdon Capital Management L.L.C. lifted its holdings in shares of Coca-Cola European Partners by 225.0% during the 2nd quarter. Kingdon Capital Management L.L.C. now owns 1,334,398 shares of the company’s stock worth $54,270,000 after acquiring an additional 923,797 shares during the period. Finally, Cannell Peter B & Co. Inc. purchased a new position in shares of Coca-Cola European Partners during the 3rd quarter worth about $35,993,000. 29.35% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Coca-Cola European Partners plc (NYSE:CCE) opened at $39.54 on Thursday. Coca-Cola European Partners plc has a 1 year low of $31.01 and a 1 year high of $44.75. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.76 and a current ratio of 0.95. The firm has a market cap of $19,045.88, a P/E ratio of 16.88, a PEG ratio of 2.08 and a beta of 0.91.

Coca-Cola European Partners (NYSE:CCE) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.12). Coca-Cola European Partners had a return on equity of 15.60% and a net margin of 6.78%. The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the previous year, the business posted $0.67 EPS. The firm’s quarterly revenue was down .7% compared to the same quarter last year. research analysts expect that Coca-Cola European Partners plc will post 2.45 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 20th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Friday, November 17th. Coca-Cola European Partners’s payout ratio is currently 54.86%.

CCE has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Coca-Cola European Partners from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Monday, October 9th. BidaskClub lowered shares of Coca-Cola European Partners from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. UBS reiterated a “buy” rating and set a $50.00 price objective (up from $46.00) on shares of Coca-Cola European Partners in a report on Monday, August 14th. Barclays set a $47.00 price objective on shares of Coca-Cola European Partners and gave the stock a “buy” rating in a report on Sunday, August 13th. Finally, Macquarie initiated coverage on shares of Coca-Cola European Partners in a report on Thursday, September 14th. They set an “outperform” rating and a $46.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Coca-Cola European Partners presently has a consensus rating of “Hold” and an average price target of $44.88.

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About Coca-Cola European Partners

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.

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

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