Coca-Cola European Partners PLC (CCE) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN cut its holdings in shares of Coca-Cola European Partners PLC (NYSE:CCE) by 48.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 878,464 shares of the company’s stock after selling 835,073 shares during the period. Wells Fargo & Company MN owned about 0.19% of Coca-Cola European Partners PLC worth $35,726,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MARSHALL WACE ASIA Ltd bought a new stake in Coca-Cola European Partners PLC during the 1st quarter worth approximately $4,864,000. D L Carlson Investment Group Inc. grew its position in Coca-Cola European Partners PLC by 49.3% during the 2nd quarter. D L Carlson Investment Group Inc. now owns 127,565 shares of the company’s stock worth $5,188,000 after acquiring an additional 42,120 shares during the last quarter. Apertura Capital LLC grew its position in Coca-Cola European Partners PLC by 16.7% during the 2nd quarter. Apertura Capital LLC now owns 700,000 shares of the company’s stock worth $28,469,000 after acquiring an additional 100,000 shares during the last quarter. Airain ltd bought a new stake in Coca-Cola European Partners PLC during the 2nd quarter worth approximately $2,865,000. Finally, Harbour Capital Advisors LLC grew its position in Coca-Cola European Partners PLC by 3,967.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 27,452 shares of the company’s stock worth $675,000 after acquiring an additional 26,777 shares during the last quarter. Institutional investors and hedge funds own 29.61% of the company’s stock.

Coca-Cola European Partners PLC (CCE) opened at 41.28 on Wednesday. The firm has a market cap of $19.99 billion, a P/E ratio of 21.53 and a beta of 0.96. The stock has a 50 day moving average price of $43.04 and a 200-day moving average price of $40.35. Coca-Cola European Partners PLC has a 1-year low of $30.55 and a 1-year high of $44.75.

Coca-Cola European Partners PLC (NYSE:CCE) last posted its earnings results on Thursday, August 10th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.10. The firm had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Coca-Cola European Partners PLC had a net margin of 6.93% and a return on equity of 15.52%. During the same quarter in the previous year, the firm posted $0.56 earnings per share. Equities research analysts forecast that Coca-Cola European Partners PLC will post $2.56 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Monday, August 28th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Thursday, August 24th. This is a boost from Coca-Cola European Partners PLC’s previous quarterly dividend of $0.23. Coca-Cola European Partners PLC’s payout ratio is presently 56.50%.

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A number of research firms recently commented on CCE. Macquarie began coverage on Coca-Cola European Partners PLC in a research report on Thursday, September 14th. They set an “outperform” rating and a $46.00 price target on the stock. Jefferies Group LLC restated a “hold” rating and set a $45.00 price target on shares of Coca-Cola European Partners PLC in a research report on Thursday, September 14th. Zacks Investment Research lowered Coca-Cola European Partners PLC from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 11th. BidaskClub lowered Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, UBS AG restated a “buy” rating and set a $50.00 price target (up from $46.00) on shares of Coca-Cola European Partners PLC in a research report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $45.22.

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.

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

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