Coca-Cola European Partners PLC (CCE) Position Maintained by First Manhattan Co.

First Manhattan Co. continued to hold its position in shares of Coca-Cola European Partners PLC (NYSE:CCE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,735 shares of the company’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Coca-Cola European Partners PLC were worth $436,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. MARSHALL WACE ASIA Ltd bought a new stake in Coca-Cola European Partners PLC during the first quarter valued at approximately $4,864,000. Artisan Partners Limited Partnership boosted its stake in Coca-Cola European Partners PLC by 9.2% in the first quarter. Artisan Partners Limited Partnership now owns 14,626,813 shares of the company’s stock valued at $551,285,000 after buying an additional 1,229,855 shares in the last quarter. Vanguard Group Inc. boosted its stake in Coca-Cola European Partners PLC by 1.9% in the first quarter. Vanguard Group Inc. now owns 1,371,840 shares of the company’s stock valued at $51,705,000 after buying an additional 25,222 shares in the last quarter. UBS Group AG boosted its stake in Coca-Cola European Partners PLC by 12.0% in the first quarter. UBS Group AG now owns 213,757 shares of the company’s stock valued at $8,057,000 after buying an additional 22,933 shares in the last quarter. Finally, Harbour Capital Advisors LLC boosted its stake in Coca-Cola European Partners PLC by 3,967.0% in the second quarter. Harbour Capital Advisors LLC now owns 27,452 shares of the company’s stock valued at $675,000 after buying an additional 26,777 shares in the last quarter. 32.40% of the stock is currently owned by institutional investors.

Coca-Cola European Partners PLC (CCE) traded up 0.71% during trading on Friday, reaching $43.78. 974,003 shares of the company were exchanged. The firm’s 50-day moving average is $42.55 and its 200 day moving average is $39.14. The company has a market capitalization of $21.20 billion, a P/E ratio of 23.23 and a beta of 0.95. Coca-Cola European Partners PLC has a one year low of $30.55 and a one year high of $44.75.

Coca-Cola European Partners PLC (NYSE:CCE) last posted its earnings results on Thursday, August 10th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.10. Coca-Cola European Partners PLC had a return on equity of 15.74% and a net margin of 6.93%. The company had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the previous year, the firm earned $0.56 earnings per share. On average, analysts anticipate that Coca-Cola European Partners PLC will post $2.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Monday, August 28th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Thursday, August 24th. This is an increase 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 51.98%.

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Several brokerages have issued reports on CCE. UBS AG reiterated a “buy” rating and issued a $44.00 price target (up previously from $42.00) on shares of Coca-Cola European Partners PLC in a research note on Friday, May 5th. Barclays PLC set a $47.00 price target on shares of Coca-Cola European Partners PLC and gave the company a “buy” rating in a research note on Sunday, August 13th. Deutsche Bank AG reiterated a “hold” rating and issued a $46.00 price target (up previously from $44.00) on shares of Coca-Cola European Partners PLC in a research note on Friday, August 11th. BidaskClub upgraded shares of Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Finally, Susquehanna Bancshares Inc reissued a “hold” rating on shares of Coca-Cola European Partners PLC in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $44.75.

Coca-Cola European Partners PLC 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.

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

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