LPL Financial LLC bought a new position in shares of Coca-Cola European Partners PLC (NYSE:CCEP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 76,670 shares of the company’s stock, valued at approximately $4,332,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Enterprise Financial Services Corp acquired a new stake in Coca-Cola European Partners in the 2nd quarter worth about $25,000. FTB Advisors Inc. bought a new stake in shares of Coca-Cola European Partners during the second quarter worth $25,000. Zions Bancorporation N.A. bought a new position in shares of Coca-Cola European Partners in the 2nd quarter valued at $26,000. SevenBridge Financial Group LLC bought a new stake in Coca-Cola European Partners during the 2nd quarter worth $26,000. Finally, Lenox Wealth Management Inc. acquired a new position in Coca-Cola European Partners in the 2nd quarter worth about $29,000. 29.75% of the stock is owned by institutional investors.
Shares of NYSE CCEP traded up $0.36 during midday trading on Wednesday, hitting $55.21. 18,236 shares of the stock traded hands, compared to its average volume of 1,269,343. The company has a market cap of $26.52 billion, a PE ratio of 20.22, a P/E/G ratio of 2.20 and a beta of 0.44. Coca-Cola European Partners PLC has a one year low of $42.53 and a one year high of $58.35. The business has a 50 day moving average price of $55.57 and a two-hundred day moving average price of $54.05. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.62 and a current ratio of 0.84.
A number of equities analysts have recently issued reports on the company. ValuEngine downgraded Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. ABN Amro raised Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th. Barclays set a $60.00 target price on Coca-Cola European Partners and gave the stock a “buy” rating in a report on Friday, August 9th. Evercore ISI reissued a “buy” rating and issued a $60.00 price target on shares of Coca-Cola European Partners in a research note on Thursday, August 8th. Finally, Zacks Investment Research lowered Coca-Cola European Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $54.00.
Coca-Cola European Partners Profile
Coca-Cola European Partners plc, together with its subsidiaries, produces, markets, distributes, and sells a range of nonalcoholic ready-to-drink beverages. The company offers sparkling flavors, energy drinks, juices, isotonics, and other drinks, as well as water. It provides its products primarily under the Coca-Cola, Fanta, and Sprite brands, as well as Coca-Cola Zero Sugar, Mezzo Mix, Schweppes, Royal Bliss, Fïnle, Monster, GLACÉAU Smartwater, Vio, Chaudfontaine, Fuze Tea, Honest Coffee, Oasis, Capri-Sun, Honest, and Tropico brands.
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