Coca-Cola European Partners PLC (NYSE:CCE) announced its quarterly earnings data on Thursday. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.10, Morningstar.com reports. The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.77 billion. Coca-Cola European Partners PLC had a net margin of 6.35% and a return on equity of 15.29%. During the same period in the prior year, the firm posted $0.56 EPS.

Coca-Cola European Partners PLC (CCE) opened at 43.22 on Friday. The stock has a market capitalization of $20.49 billion, a price-to-earnings ratio of 25.86 and a beta of 0.95. The company has a 50 day moving average of $42.04 and a 200-day moving average of $38.74. Coca-Cola European Partners PLC has a 12-month low of $30.55 and a 12-month high of $44.75.

A number of hedge funds have recently bought and sold shares of the company. Bridgewater Associates LP purchased a new stake in Coca-Cola European Partners PLC during the second quarter worth approximately $1,592,000. TIAA CREF Investment Management LLC increased its stake in Coca-Cola European Partners PLC by 213.3% in the second quarter. TIAA CREF Investment Management LLC now owns 465,541 shares of the company’s stock worth $18,934,000 after buying an additional 316,952 shares during the last quarter. Teachers Advisors LLC increased its stake in Coca-Cola European Partners PLC by 217.7% in the second quarter. Teachers Advisors LLC now owns 791,768 shares of the company’s stock worth $32,201,000 after buying an additional 542,573 shares during the last quarter. Seven Eight Capital LP increased its stake in Coca-Cola European Partners PLC by 1,241.2% in the second quarter. Seven Eight Capital LP now owns 45,600 shares of the company’s stock worth $1,855,000 after buying an additional 42,200 shares during the last quarter. Finally, Raymond James Trust N.A. increased its stake in Coca-Cola European Partners PLC by 1.8% in the second quarter. Raymond James Trust N.A. now owns 5,978 shares of the company’s stock worth $243,000 after buying an additional 104 shares during the last quarter. Institutional investors own 31.75% of the company’s stock.

A number of analysts have recently issued reports on the stock. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of Coca-Cola European Partners PLC in a report on Thursday. BidaskClub raised shares of Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Barclays PLC reaffirmed a “buy” rating and set a $46.00 price target on shares of Coca-Cola European Partners PLC in a report on Friday, July 21st. Deutsche Bank AG downgraded shares of Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Finally, Zacks Investment Research upgraded shares of Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Monday, July 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $43.57.

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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.

Earnings History for Coca-Cola European Partners PLC (NYSE:CCE)

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