Nationwide Fund Advisors lowered its stake in shares of Coca-Cola European Partners PLC (NYSE:CCE) by 4.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 118,221 shares of the company’s stock after selling 5,213 shares during the quarter. Nationwide Fund Advisors’ holdings in Coca-Cola European Partners PLC were worth $4,808,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Boston Partners grew its position in Coca-Cola European Partners PLC by 1.2% in the 2nd quarter. Boston Partners now owns 10,511,025 shares of the company’s stock valued at $427,483,000 after acquiring an additional 125,412 shares during the last quarter. First Eagle Investment Management LLC grew its position in Coca-Cola European Partners PLC by 95.5% in the 2nd quarter. First Eagle Investment Management LLC now owns 5,561,886 shares of the company’s stock valued at $226,202,000 after acquiring an additional 2,716,394 shares during the last quarter. Bank of America Corp DE grew its position in Coca-Cola European Partners PLC by 9.2% in the 1st quarter. Bank of America Corp DE now owns 5,210,956 shares of the company’s stock valued at $196,401,000 after acquiring an additional 437,276 shares during the last quarter. Glenview Capital Management LLC grew its position in Coca-Cola European Partners PLC by 114.5% in the 1st quarter. Glenview Capital Management LLC now owns 4,321,074 shares of the company’s stock valued at $162,861,000 after acquiring an additional 2,307,013 shares during the last quarter. Finally, Epoch Investment Partners Inc. grew its position in Coca-Cola European Partners PLC by 1.7% in the 1st quarter. Epoch Investment Partners Inc. now owns 4,026,083 shares of the company’s stock valued at $151,743,000 after acquiring an additional 65,529 shares during the last quarter. 29.63% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on the company. Macquarie assumed coverage on Coca-Cola European Partners PLC in a research report on Thursday, September 14th. They issued an “outperform” rating and a $46.00 price objective on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Coca-Cola European Partners PLC in a research report on Thursday, September 14th. Zacks Investment Research downgraded Coca-Cola European Partners PLC from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 11th. BidaskClub downgraded Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. 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 report on Monday, August 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. Coca-Cola European Partners PLC presently has an average rating of “Hold” and an average target price of $45.22.

Coca-Cola European Partners PLC (NYSE CCE) opened at 40.82 on Friday. Coca-Cola European Partners PLC has a 52-week low of $30.55 and a 52-week high of $44.75. The stock’s 50 day moving average price is $42.11 and its 200-day moving average price is $40.79. The company has a market cap of $19.77 billion, a P/E ratio of 21.19 and a beta of 0.94.

Coca-Cola European Partners PLC (NYSE:CCE) last issued its quarterly earnings data on Thursday, August 10th. The company reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.10. Coca-Cola European Partners PLC had a return on equity of 15.52% and a net margin of 6.93%. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the previous year, the firm posted $0.56 earnings per share. On average, equities analysts predict that Coca-Cola European Partners PLC will post $2.50 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 28th were paid a $0.25 dividend. The ex-dividend date was Thursday, August 24th. This is a boost from Coca-Cola European Partners PLC’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.45%. Coca-Cola European Partners PLC’s payout ratio is presently 56.50%.

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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.

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

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