Coca-Cola European Partners PLC (CCE) Holdings Boosted by Oak Ridge Investments LLC

Oak Ridge Investments LLC grew its position in Coca-Cola European Partners PLC (NYSE:CCE) by 31.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,483 shares of the company’s stock after purchasing an additional 23,019 shares during the quarter. Oak Ridge Investments LLC’s holdings in Coca-Cola European Partners PLC were worth $3,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the company. Capital World Investors lifted its holdings in shares of Coca-Cola European Partners PLC by 6.8% in the second quarter. Capital World Investors now owns 22,083,787 shares of the company’s stock worth $898,148,000 after buying an additional 1,398,929 shares in the last quarter. Artisan Partners Limited Partnership grew its holdings in shares of Coca-Cola European Partners PLC by 13.7% in the second quarter. Artisan Partners Limited Partnership now owns 16,633,760 shares of the company’s stock worth $676,495,000 after purchasing an additional 2,006,947 shares during the last quarter. Boston Partners grew its holdings in Coca-Cola European Partners PLC by 1.2% during the 2nd quarter. Boston Partners now owns 10,511,025 shares of the company’s stock worth $427,483,000 after acquiring an additional 125,412 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in Coca-Cola European Partners PLC by 14.6% during the 3rd quarter. First Eagle Investment Management LLC now owns 6,373,721 shares of the company’s stock worth $265,274,000 after acquiring an additional 811,835 shares in the last quarter. Finally, FMR LLC grew its holdings in Coca-Cola European Partners PLC by 1.2% during the 2nd quarter. FMR LLC now owns 5,029,177 shares of the company’s stock worth $204,506,000 after acquiring an additional 60,036 shares in the last quarter. 29.84% of the stock is currently owned by hedge funds and other institutional investors.

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Coca-Cola European Partners PLC (CCE) traded down $0.14 on Friday, hitting $38.18. The company had a trading volume of 1,020,000 shares, compared to its average volume of 1,160,000. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $18,680.00, a price-to-earnings ratio of 16.88, a P/E/G ratio of 2.08 and a beta of 0.90. Coca-Cola European Partners PLC has a fifty-two week low of $30.55 and a fifty-two week high of $44.75.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Monday, November 20th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, November 17th. This represents a $0.96 annualized dividend and a dividend yield of 2.51%. Coca-Cola European Partners PLC’s payout ratio is currently 70.42%.

Several equities analysts recently commented on CCE shares. 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. Deutsche Bank AG reissued 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. Jefferies Group LLC reissued a “hold” rating and issued a $45.00 price target on shares of Coca-Cola European Partners PLC in a research note on Thursday, September 14th. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of Coca-Cola European Partners PLC in a research note on Thursday, August 10th. Finally, Zacks Investment Research cut shares of Coca-Cola European Partners PLC from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $44.88.

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.

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

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