Capital One National Association Sells 393 Shares of Coca-Cola European Partners PLC (NYSE:CCE)

Capital One National Association cut its position in Coca-Cola European Partners PLC (NYSE:CCE) by 5.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,142 shares of the company’s stock after selling 393 shares during the period. Capital One National Association’s holdings in Coca-Cola European Partners PLC were worth $290,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership boosted its stake in shares of Coca-Cola European Partners PLC by 9.2% in the first quarter. Artisan Partners Limited Partnership now owns 14,626,813 shares of the company’s stock worth $551,285,000 after buying an additional 1,229,855 shares during the last quarter. Boston Partners boosted its stake in shares of Coca-Cola European Partners PLC by 12.1% in the first quarter. Boston Partners now owns 10,385,613 shares of the company’s stock worth $391,434,000 after buying an additional 1,118,182 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Coca-Cola European Partners PLC by 9.2% in the first quarter. Bank of America Corp DE now owns 5,210,956 shares of the company’s stock worth $196,401,000 after buying an additional 437,276 shares during the last quarter. Glenview Capital Management LLC boosted its stake in Coca-Cola European Partners PLC by 114.5% in the first quarter. Glenview Capital Management LLC now owns 4,321,074 shares of the company’s stock valued at $162,861,000 after buying an additional 2,307,013 shares in the last quarter. Finally, Epoch Investment Partners Inc. boosted its stake in Coca-Cola European Partners PLC by 1.7% in the first quarter. Epoch Investment Partners Inc. now owns 4,026,083 shares of the company’s stock valued at $151,743,000 after buying an additional 65,529 shares in the last quarter. Hedge funds and other institutional investors own 31.75% of the company’s stock.

Coca-Cola European Partners PLC (NYSE:CCE) traded up 1.23% on Friday, reaching $43.75. The company’s stock had a trading volume of 1,197,606 shares. Coca-Cola European Partners PLC has a 12 month low of $30.55 and a 12 month high of $44.75. The company has a 50-day moving average price of $42.04 and a 200 day moving average price of $38.74. The company has a market cap of $20.75 billion, a P/E ratio of 26.18 and a beta of 0.95.

Coca-Cola European Partners PLC (NYSE:CCE) last posted its quarterly earnings data on Thursday, August 10th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.10. The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $2.77 billion. Coca-Cola European Partners PLC had a return on equity of 15.29% and a net margin of 6.35%. During the same quarter last year, the company earned $0.56 earnings per share. On average, equities research analysts anticipate that Coca-Cola European Partners PLC will post $2.46 EPS for the current fiscal year.

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Several equities research analysts have recently weighed in on CCE shares. TheStreet raised Coca-Cola European Partners PLC from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Barclays PLC reissued a “buy” rating and issued a $44.00 price objective on shares of Coca-Cola European Partners PLC in a research report on Sunday, May 7th. UBS AG reissued a “buy” rating and issued a $44.00 price objective (up from $42.00) on shares of Coca-Cola European Partners PLC in a research report on Friday, May 5th. Zacks Investment Research raised Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Monday, July 10th. Finally, Argus raised their target price on Coca-Cola European Partners PLC from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $43.57.

About Coca-Cola European Partners PLC

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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