Coca-Cola European Partners PLC (CCE) Position Increased by Zweig DiMenna Associates LLC

Zweig DiMenna Associates LLC boosted its position in shares of Coca-Cola European Partners PLC (NYSE:CCE) by 6.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 114,646 shares of the company’s stock after purchasing an additional 6,500 shares during the quarter. Zweig DiMenna Associates LLC’s holdings in Coca-Cola European Partners PLC were worth $4,772,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Advisor Group Inc. grew its position in Coca-Cola European Partners PLC by 35.5% during the 2nd quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock valued at $132,000 after purchasing an additional 939 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Coca-Cola European Partners PLC by 50.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 84,454 shares of the company’s stock valued at $3,435,000 after purchasing an additional 28,248 shares during the last quarter. 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 valued at $5,188,000 after purchasing 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 valued at $28,469,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Bridgewater Associates LP purchased a new stake in Coca-Cola European Partners PLC during the 2nd quarter valued at about $1,592,000. 29.63% of the stock is currently owned by institutional investors.

Several analysts recently commented on CCE shares. BidaskClub downgraded shares of Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Zacks Investment Research upgraded shares of Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Monday, October 9th. Barclays PLC restated a “buy” rating and set a $46.00 target price on shares of Coca-Cola European Partners PLC in a research note on Friday, July 21st. UBS AG restated a “buy” rating and set a $50.00 target price (up previously from $46.00) on shares of Coca-Cola European Partners PLC in a research note on Monday, August 14th. Finally, Macquarie started coverage on shares of Coca-Cola European Partners PLC in a research note on Thursday, September 14th. They set an “outperform” rating and a $46.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of C$45.63.

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Shares of Coca-Cola European Partners PLC (NYSE CCE) traded down C$0.08 during trading hours on Friday, hitting C$39.50. 1,550,000 shares of the stock traded hands, compared to its average volume of 1,055,541. Coca-Cola European Partners PLC has a 52-week low of C$30.55 and a 52-week high of C$44.75. The company has a quick ratio of 0.73, a current ratio of 0.95 and a debt-to-equity ratio of 0.76. The company has a market cap of $19,133.09, a PE ratio of 16.95, a PEG ratio of 2.09 and a beta of 0.94.

Coca-Cola European Partners PLC (NYSE:CCE) last released its earnings results on Tuesday, November 7th. The company reported C$0.68 EPS for the quarter, missing analysts’ consensus estimates of C$0.80 by C($0.12). Coca-Cola European Partners PLC had a return on equity of 15.60% and a net margin of 6.78%. The firm had revenue of C$2.96 billion for the quarter, compared to the consensus estimate of C$2.99 billion. During the same quarter in the previous year, the business posted $0.67 EPS. Coca-Cola European Partners PLC’s revenue was down .7% on a year-over-year basis. equities analysts forecast that Coca-Cola European Partners PLC will post 2.45 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Monday, November 20th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Friday, November 17th. Coca-Cola European Partners PLC’s payout ratio is 57.14%.

About Coca-Cola European Partners PLC

Coca-Cola European Partners plc, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready-to-drink beverages. It offers drinks primarily under the Coca-Cola, Diet Coke/Coca-Cola Light, Coke Zero, Coca-Cola Life, Fanta, and Sprite brands. The company also provides energy drinks, waters, juices, sports drinks and ready-to-drink teas.

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

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