Epoch Investment Partners Inc. Has $188.67 Million Stake in Coca-Cola European Partners PLC (CCE)

Epoch Investment Partners Inc. lifted its stake in Coca-Cola European Partners PLC (NYSE:CCE) by 15.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,638,994 shares of the company’s stock after purchasing an additional 612,911 shares during the quarter. Epoch Investment Partners Inc. owned about 0.98% of Coca-Cola European Partners PLC worth $188,668,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in Coca-Cola European Partners PLC in the 2nd quarter valued at approximately $120,000. Advisor Group Inc. lifted its position in Coca-Cola European Partners PLC by 35.5% in the 2nd quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock valued at $132,000 after acquiring an additional 939 shares in the last quarter. Fulton Bank N.A. bought a new position in Coca-Cola European Partners PLC in the 2nd quarter valued at approximately $201,000. Shikiar Asset Management Inc. bought a new position in Coca-Cola European Partners PLC in the 2nd quarter valued at approximately $203,000. Finally, Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in Coca-Cola European Partners PLC in the 2nd quarter valued at approximately $212,000. 29.61% of the stock is currently owned by hedge funds and other institutional investors.

CCE has been the topic of several analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $42.00 price objective on shares of Coca-Cola European Partners PLC in a research report on Wednesday, June 14th. BidaskClub cut Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Zacks Investment Research cut Coca-Cola European Partners PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Deutsche Bank AG cut Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Finally, Barclays PLC reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Coca-Cola European Partners PLC in a research report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $45.22.

Coca-Cola European Partners PLC (NYSE:CCE) last announced its earnings results on Thursday, August 10th. The company reported $0.74 earnings per share 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 the consensus estimate 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 period last year, the firm earned $0.56 earnings per share.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 28th were paid a dividend of $0.25 per share. This is an increase from Coca-Cola European Partners PLC’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Thursday, August 24th. Coca-Cola European Partners PLC’s payout ratio is presently 56.50%.

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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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