Nomura Asset Management Co. Ltd. grew its position in shares of Coca-Cola European Partners plc (NYSE:CCE) by 116.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,840 shares of the company’s stock after purchasing an additional 15,500 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Coca-Cola European Partners were worth $1,200,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. First Allied Advisory Services Inc. boosted its stake in shares of Coca-Cola European Partners by 0.3% during the second quarter. First Allied Advisory Services Inc. now owns 10,196 shares of the company’s stock valued at $411,000 after purchasing an additional 30 shares in the last quarter. Keybank National Association OH boosted its stake in shares of Coca-Cola European Partners by 1.2% during the second quarter. Keybank National Association OH now owns 6,958 shares of the company’s stock valued at $283,000 after purchasing an additional 83 shares in the last quarter. Raymond James Trust N.A. boosted its stake in shares of Coca-Cola European Partners by 1.8% during the second quarter. Raymond James Trust N.A. now owns 5,978 shares of the company’s stock valued at $243,000 after purchasing an additional 104 shares in the last quarter. Suntrust Banks Inc. boosted its stake in shares of Coca-Cola European Partners by 2.3% during the second quarter. Suntrust Banks Inc. now owns 8,894 shares of the company’s stock valued at $360,000 after purchasing an additional 204 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in shares of Coca-Cola European Partners by 3.8% during the second quarter. Neuberger Berman Group LLC now owns 10,492 shares of the company’s stock valued at $427,000 after purchasing an additional 382 shares in the last quarter. 29.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola European Partners plc (NYSE:CCE) opened at $39.19 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $18,939.32, a P/E ratio of 16.78, a P/E/G ratio of 2.07 and a beta of 0.91. Coca-Cola European Partners plc has a 12 month low of $31.09 and a 12 month high of $44.75.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Monday, November 20th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.45%. The ex-dividend date was Friday, November 17th. Coca-Cola European Partners’s dividend payout ratio (DPR) is presently 54.86%.

CCE has been the topic of a number of recent analyst reports. Zacks Investment Research raised Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Susquehanna Bancshares lowered Coca-Cola European Partners from a “neutral” rating to a “neutral” rating and cut their price objective for the stock from $38.00 to $33.00 in a research note on Monday, November 13th. BidaskClub lowered Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. UBS lowered Coca-Cola European Partners to a “neutral” rating in a research note on Monday, November 13th. Finally, Macquarie initiated coverage on Coca-Cola European Partners in a research note on Thursday, September 14th. They issued an “outperform” rating and a $46.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $44.50.

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About Coca-Cola European Partners

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 (NYSE:CCE)

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