Coca-Cola European Partners PLC (CCE) Holdings Lifted by First Eagle Investment Management LLC

First Eagle Investment Management LLC grew its stake in shares of Coca-Cola European Partners PLC (NYSE:CCE) by 14.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,373,721 shares of the company’s stock after acquiring an additional 811,835 shares during the period. First Eagle Investment Management LLC owned about 1.32% of Coca-Cola European Partners PLC worth $265,274,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Coca-Cola European Partners PLC in the 2nd quarter worth about $120,000. Advisor Group Inc. lifted its position in shares of Coca-Cola European Partners PLC by 35.5% in the 2nd quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock worth $132,000 after buying an additional 939 shares during the last quarter. Phocas Financial Corp. bought a new position in shares of Coca-Cola European Partners PLC in the 2nd quarter worth about $182,000. Shikiar Asset Management Inc. bought a new position in shares of Coca-Cola European Partners PLC in the 2nd quarter worth about $203,000. Finally, Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in shares of Coca-Cola European Partners PLC in the 2nd quarter worth about $212,000. 29.84% of the stock is owned by institutional investors.

Shares of Coca-Cola European Partners PLC (NYSE:CCE) traded down C$0.07 during trading on Monday, reaching C$39.50. 1,554,500 shares of the company’s stock traded hands, compared to its average volume of 1,275,699. The company has a market cap of $19,133.07, a price-to-earnings ratio of 16.95, a PEG ratio of 2.09 and a beta of 0.94. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.95 and a quick ratio of 0.76. Coca-Cola European Partners PLC has a 12-month low of C$30.55 and a 12-month high of C$44.75.

Coca-Cola European Partners PLC (NYSE:CCE) last announced its quarterly earnings results on Tuesday, November 7th. The company reported C$0.68 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.80 by C($0.12). The business had revenue of C$2.96 billion during the quarter, compared to the consensus estimate of C$2.99 billion. Coca-Cola European Partners PLC had a net margin of 6.78% and a return on equity of 15.60%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the firm earned $0.67 EPS. sell-side analysts forecast that Coca-Cola European Partners PLC will post 2.45 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Monday, November 20th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.43%. The ex-dividend date is Friday, November 17th. Coca-Cola European Partners PLC’s payout ratio is 57.14%.

CCE has been the topic of a number of recent research reports. Deutsche Bank AG downgraded shares of Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Barclays PLC reiterated a “buy” rating and issued a $46.00 price objective on shares of Coca-Cola European Partners PLC in a research report on Friday, July 21st. BidaskClub upgraded shares of Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Susquehanna Bancshares Inc restated a “hold” rating on shares of Coca-Cola European Partners PLC in a research report on Thursday, August 10th. Finally, UBS AG reaffirmed a “buy” rating and issued a $50.00 price objective (up previously from $46.00) on shares of Coca-Cola European Partners PLC in a research note on Monday, August 14th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of C$44.88.

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Coca-Cola European Partners PLC Company Profile

Coca-Cola European Partners plc, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready-to-drink beverages. It offers drinks primarily under the Coca-Cola, Diet Coke/Coca-Cola Light, Coke Zero, Coca-Cola Life, Fanta, and Sprite brands. The company also provides energy drinks, waters, juices, sports drinks and ready-to-drink teas.

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

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