Coca-Cola European Partners PLC (NYSE:CCE) released its quarterly earnings results on Thursday. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.10, Morningstar.com reports. Coca-Cola European Partners PLC had a net margin of 6.93% and a return on equity of 15.74%. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the prior year, the firm earned $0.56 EPS.

Coca-Cola European Partners PLC (NYSE:CCE) traded up 1.23% during mid-day trading on Friday, reaching $43.75. 1,197,606 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $42.13 and its 200 day moving average is $38.81. Coca-Cola European Partners PLC has a 1-year low of $30.55 and a 1-year high of $44.75. The stock has a market capitalization of $21.37 billion, a PE ratio of 23.11 and a beta of 0.95.

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Several research analysts recently weighed in on the stock. Susquehanna Bancshares Inc restated a “hold” rating on shares of Coca-Cola European Partners PLC in a research report on Thursday. Argus upped their price target on shares of 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. Zacks Investment Research upgraded shares of Coca-Cola European Partners PLC from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Monday, July 10th. ABN Amro restated a “sell” rating on shares of Coca-Cola European Partners PLC in a research report on Friday, April 28th. Finally, Jefferies Group LLC restated a “hold” rating and set a $38.00 price target on shares of Coca-Cola European Partners PLC in a research report on Tuesday, April 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Coca-Cola European Partners PLC currently has a consensus rating of “Hold” and an average target price of $43.88.

Several institutional investors have recently added to or reduced their stakes in CCE. Artisan Partners Limited Partnership raised its position in Coca-Cola European Partners PLC by 13.7% in the second quarter. Artisan Partners Limited Partnership now owns 16,633,760 shares of the company’s stock worth $676,495,000 after buying an additional 2,006,947 shares in the last quarter. Boston Partners raised its position in Coca-Cola European Partners PLC by 1.2% in the second quarter. Boston Partners now owns 10,511,025 shares of the company’s stock worth $427,483,000 after buying an additional 125,412 shares in the last quarter. First Eagle Investment Management LLC raised its position in Coca-Cola European Partners PLC by 95.5% in the second quarter. First Eagle Investment Management LLC now owns 5,561,886 shares of the company’s stock worth $226,202,000 after buying an additional 2,716,394 shares in the last quarter. Bank of America Corp DE raised its position in 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 in the last quarter. Finally, FMR LLC raised its position in Coca-Cola European Partners PLC by 1.2% in the second quarter. FMR LLC now owns 5,029,177 shares of the company’s stock worth $204,506,000 after buying an additional 60,036 shares in the last quarter. 31.75% of the stock is currently owned by institutional investors.

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.

Earnings History for Coca-Cola European Partners PLC (NYSE:CCE)

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