BNP Paribas Arbitrage SA grew its holdings in shares of Coca-Cola European Partners PLC (NYSE:CCE) by 60.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135,649 shares of the company’s stock after purchasing an additional 51,195 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Coca-Cola European Partners PLC were worth $5,646,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. IFP Advisors Inc boosted its stake in Coca-Cola European Partners PLC by 3,249.4% during the 3rd quarter. IFP Advisors Inc now owns 8,809 shares of the company’s stock worth $367,000 after purchasing an additional 8,546 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Coca-Cola European Partners PLC by 4.3% during the 3rd quarter. Canada Pension Plan Investment Board now owns 944,441 shares of the company’s stock worth $39,308,000 after purchasing an additional 39,000 shares during the last quarter. Parametrica Management Ltd acquired a new stake in Coca-Cola European Partners PLC during the 3rd quarter worth $781,000. Aperio Group LLC boosted its stake in Coca-Cola European Partners PLC by 5.3% during the 3rd quarter. Aperio Group LLC now owns 358,943 shares of the company’s stock worth $14,939,000 after purchasing an additional 18,012 shares during the last quarter. Finally, Ingalls & Snyder LLC acquired a new stake in Coca-Cola European Partners PLC during the 3rd quarter worth $937,000. 29.84% of the stock is currently owned by institutional investors.

Coca-Cola European Partners PLC (CCE) opened at $38.18 on Friday. 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 company has a market capitalization of $18,680.00, a price-to-earnings ratio of 16.88, a PEG 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 posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.12). The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.99 billion. Coca-Cola European Partners PLC had a net margin of 6.78% and a return on equity of 15.60%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.67 EPS. research analysts expect that Coca-Cola European Partners PLC will post 2.45 earnings per share for the current year.

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

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CCE has been the topic of several recent research reports. Barclays PLC reaffirmed a “buy” rating and set a $46.00 target price on shares of Coca-Cola European Partners PLC in a research note on Friday, July 21st. BidaskClub raised shares of Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of Coca-Cola European Partners PLC in a research note on Thursday, August 10th. Deutsche Bank AG reaffirmed a “hold” rating and set a $46.00 target price (up previously from $44.00) on shares of Coca-Cola European Partners PLC in a research note on Friday, August 11th. Finally, UBS AG reaffirmed a “buy” rating and set a $50.00 target price (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 assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $44.88.

Coca-Cola European Partners PLC 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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