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Coca-Cola Enterprises
Industry Beverages
Fate merged with Coca-Cola Iberian Partners, S.A. and Coca-Cola Erfrischungsgetränke AG
Successor
  • Coca-Cola European Partners
Founded 1986
Headquarters Atlanta, Georgia, U.S.
Key people
  • John F. Brock (Chairman & CEO)
  • Manik Jhangiani (CFO)
  • Hubert Patricot (President, Europe Group)
Products The Coca-Cola Company Products
Other Soft Drinks
Revenue Increase US$7.6 Billion (FY 2012)
Operating income
Increase US$914 Million (FY 2013)
Net income
Increase US$677 Million (FY 2012)
Total assets Increase US$9.09 Billion (FY 2011)
Total equity Decrease US$2.90 Billion (FY 2011)
Number of employees
13,250 (2011)
Website www.cokecce.com

Coca-Cola Enterprises is a marketer, producer, and distributor of Coca-Cola products. It is the anchor bottler for Western Europe, and was formerly the anchor bottler for most of North America.

Coca-Cola Enterprises' products include Coca-Cola, Diet Coke, Coke Zero, Sprite, Fanta, Capri-Sun, Dr Pepper, Chaudfontaine, Schweppes, Monster and Relentless.

The Coca-Cola Company decided to consolidate the many independent bottling groups in the Coca-Cola System. Previously, independent businesses in remote geographic areas bottled Coca-Cola products and distributed the merchandise to stores.

In 1980, Coca-Cola acquired the Coca-Cola Bottling Company of New York for $215 million. In 1982, Coca-Cola acquired the Associated Coca-Cola Bottling Company for $417.5 million. In 1986, Coca-Cola acquired the bottling operations of Beatrice Foods and the bottling operations of the Lupton family. Coca-Cola Enterprises Inc. was spun off from The Coca-Cola Company in 1986.

After buying these bottlers, Coca-Cola spun this function off to anchor bottlers in various parts of the world. Coca-Cola Enterprises continued to acquire regional bottlers throughout the 1990s.

The company has its headquarters in Atlanta, Georgia and is a separate corporation from The Coca-Cola Company; both companies are listed on the New York Stock Exchange and are components of the S&P 500.

Similar anchor bottlers are the South Pacific area's Coca-Cola Amatil, Eastern Europe's Coca-Cola Hellenic, and Latin America's Coca-Cola FEMSA.

Coca-Cola Enterprises is the exclusive Coca-Cola bottler for all of Belgium, continental France, Great Britain, Luxembourg, Monaco, The Netherlands, Norway and Sweden.

Some of its production facilities are located in Norway (Lørenskog), Sweden (Jordbro), The Netherlands (Dongen), Belgium (Antwerp, Ghent and Chaudfontaine (mineral water only)), France (Socx, Grigny, Clamart, Les Pennes-Mirabeau and Castanet-Tolosan), and the UK (Wakefield, Sidcup, Edmonton, Milton Keynes, East Kilbride and Morpeth).

When Coca-Cola Enterprises was the anchor bottler in North America, it had the largest fleet of hybrid electric trucks in North America. The hybrid electric tractor units were the standard bulk delivery truck the company uses for large deliveries. CCE planned to deploy 185 of these hybrid electric trucks across the United States and Canada in 2009, bringing its total number of hybrid electric delivery trucks to 327, the largest such fleet in North America. The company already had 142 smaller hybrid electric delivery vehicles on the road. The trucks are powered by Eaton Corporation's hybrid electric drivetrain systems.

On February 24, 2010, The Coca-Cola Company and CCE (Coca-Cola Enterprises) entered talks about selling CCE's North American division to Coca-Cola. Coca-Cola paid over $15 billion, including a redemption of Coca-Cola's 33% shareholding in CCE. Coca-Cola wanted the business in their asset list because they felt it would save both consumers and Coca-Cola money. Coca-Cola also spun off its small European bottling division to "New CCE".

The acquisition closed on October 3, 2010.

On August 6th 2015, Coca-Cola Enterprises announced that it would merge with Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetränke AG, a subsidiary of the Coca-Cola Company, into a new company to be called Coca-Cola European Partners PLC.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q1 2019 2019-04-30 Future report Set alerts
Q4 2018 2019-02-14 Future report Set alerts
Q3 2018 2018-10-25 0.76 0.85
Q2 2018 2018-08-09 0.67 0.68
Q1 2018 2018-04-26 0.33 0.31
Q4 2017 2018-02-15 0.49 -0.12
Q3 2017 2017-11-07 0.68 0.77
Q2 2017 2017-08-10 0.67 0.72
Q1 2017 2017-05-04 0.31 0.32
Q4 2016 2017-03-21 0.43 -0.05

Ratings

2016-07-03 Reiterated Rating Susquehanna Hold $37.00
2016-06-26 Reiterated Rating Evercore ISI Buy
2016-06-21 Reiterated Rating Susquehanna Neutral
2016-06-10 Reiterated Rating Deutsche Bank Buy $47.00
2016-06-10 Reiterated Rating Deutsche Bank AG Buy $47.00
2016-06-04 Reiterated Rating Susquehanna Hold
2016-06-01 Lower Price Target Credit Agricole Outperform $60.00 to $45.00
2016-06-01 Initiated Coverage Bank of America Buy
2016-06-01 Initiated Coverage Stifel Nicolaus Buy
2016-06-01 Lower Price Target Barclays Equal Weight $54.00 to $40.00
2016-06-01 Lower Price Target Credit Agricole SA Outperform $60.00 to $45.00
2016-06-01 Initiated Coverage Bank of America Corp. Buy
2016-06-01 Lower Price Target Barclays PLC Equal Weight $54.00 to $40.00
2016-05-31 Initiated Coverage Goldman Sachs Buy $46.00
2016-05-31 Upgrade Evercore ISI Hold to Buy
2016-05-31 Initiated Coverage Goldman Sachs Group Inc. Buy $46.00
2016-05-17 Reiterated Rating Credit Agricole Outperform
2016-04-28 Reiterated Rating Susquehanna Hold
2016-04-15 Reiterated Rating Bank of America Buy $56.00 to $58.00
2016-04-14 Upgrade Stifel Nicolaus Hold to Buy $65.00
2016-03-24 Reiterated Rating Susquehanna Hold
2016-03-16 Reiterated Rating Susquehanna Neutral $49.00
2016-02-21 Reiterated Rating Susquehanna Hold
2016-02-19 Boost Price Target Societe Generale Hold $50.00 to $52.00
2016-02-19 Reiterated Rating Nomura Hold $53.00
2016-02-19 Reiterated Rating Nomura Holdings Inc. Hold $53.00
2016-02-12 Reiterated Rating Susquehanna Neutral $43.00
2016-02-05 Upgrade Susquehanna Negative to Neutral $45.00 to $43.00
2016-01-26 Reiterated Rating Jefferies Group Hold $49.00
2015-12-18 Lower Price Target CLSA Outperform $60.00 to $55.00
2015-12-18 Lower Price Target Credit Agricole Outperform $60.00 to $55.00
2015-10-14 Boost Price Target Jefferies Group Hold $54.00
2015-09-29 Reiterated Rating Susquehanna Sell $45.00
2015-09-28 Lower Price Target Societe Generale $54.00 to $50.00
2015-09-08 Downgrade RBC Capital Outperform to Sector Perform $48.00 to $54.00
2015-09-08 Downgrade Royal Bank Of Canada Outperform to Sector Perform $48.00 to $54.00
2015-08-13 Upgrade Credit Agricole Underperform to Outperform $56.00 to $60.00
2015-08-13 Upgrade CLSA Underperform to Outperform $56.00 to $60.00
2015-08-07 Boost Price Target Citigroup Inc. Neutral $48.00 to $56.00
2015-08-07 Boost Price Target Susquehanna Negative $28.00 to $45.00
2015-08-07 Boost Price Target Nomura Neutral $44.00 to $56.00
2015-08-07 Boost Price Target HSBC Buy to Hold $48.00 to $54.00
2015-08-07 Boost Price Target Sanford C. Bernstein Market Perform $49.00 to $58.00
2015-08-07 Downgrade Gabelli Buy to Hold
2015-08-06 Reiterated Rating Goldman Sachs Buy $52.00 to $55.00
2015-08-06 Downgrade Argus Buy to Sell
2015-07-31 Boost Price Target Barclays Equal Weight $48.00 to $49.00
2015-05-27 Upgrade HSBC Hold to Buy $50.00 to $48.00
2015-05-21 Lower Price Target Susquehanna Negative $33.00 to $28.00
2015-05-01 Boost Price Target Jefferies Group Hold $42.00 to $45.00
2015-04-13 Initiated Coverage Susquehanna Negative $33.00
2015-03-24 Reiterated Rating Bank of America Buy $52.00
2015-02-13 Reiterated Rating Jefferies Group Hold $40.00 to $43.00
2015-01-26 Reiterated Rating Jefferies Group Hold $42.00 to $40.00
2015-01-05 Upgrade Bank of America Neutral to Buy $50.00 to $52.00
2014-12-19 Boost Price Target Jefferies Group Hold $41.00 to $42.00
2014-10-31 Downgrade Nomura Neutral to Reduce $42.00
2014-10-06 Upgrade Nomura Reduce to Neutral $39.00 to $43.00
2014-07-29 Boost Price Target Argus Buy $52.00 to $56.00
2014-07-25 Reiterated Rating JPMorgan Chase & Co. Neutral $48.00 to $53.00
2014-07-25 Reiterated Rating Citigroup Inc. Neutral $50.00 to $53.00
2014-07-16 Reiterated Rating Deutsche Bank Buy $50.00 to $52.00
2014-06-16 Downgrade Goldman Sachs Conviction-Buy to Buy $44.58 to $50.00
2014-06-09 Initiated Coverage Jefferies Group Hold $45.00
2014-05-28 Initiated Coverage Evercore ISI Neutral $45.30
2014-04-29 Downgrade Nomura Neutral to Reduce $44.50 to $41.00
2014-03-21 Boost Price Target Deutsche Bank $47.00 to $50.00
2014-03-04 Initiated UBS Neutral $50
2014-02-14 Downgrade HSBC Overweight to Neutral $47.00 to $49.00
2014-02-07 Boost Price Target Societe Generale $42.50 to $46.00
2013-12-20 Reiterated Rating Deutsche Bank Buy $45.00 to $47.00
2013-12-20 Boost Price Target Nomura Neutral $42.00 to $43.50
2013-11-26 Initiated Coverage RBC Capital Outperform $49.00
2013-10-25 Downgrade Societe Generale Buy to Hold $42.50
2013-10-24 Reiterated Rating Argus Buy $46.00
2013-10-24 Boost Price Target Barclays Equal Weight $44.00 to $47.00
2013-10-08 Boost Price Target Deutsche Bank Buy $40.00 to $45.00
2013-10-07 Boost Price Target Argus Buy $42.00 to $46.00
2013-02-08 Reiterated UBS Buy $34 to $39
2012-10-09 Reiterated Argus Buy $34 to $36
2012-02-13 Reiterated Stifel Nicolaus Buy $30 to $32
2011-09-13 Upgrade UBS Neutral to Buy $30 to $30
2011-07-29 Reiterated Barclays Capital Equal Weight $31 to $34
2016-07-03 Reiterated Rating Susquehanna Hold $37.00
2016-06-26 Reiterated Rating Evercore ISI Buy
2016-06-21 Reiterated Rating Susquehanna Neutral
2016-06-10 Reiterated Rating Deutsche Bank Buy $47.00
2016-06-10 Reiterated Rating Deutsche Bank AG Buy $47.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Patricot Hubert Exec. VP & Pres. European Grp 0.15%  (374777) CCE /
Labarge Suzanne B 0.03%  (67422) CCE / XL /
Douglas William W III Exec. VP & CFO 0.02%  (38065) CCE / SITE /

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