Institute for Wealth Management LLC. bought a new position in shares of Coca-Cola European Partners PLC (NYSE:CCEP) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,567 shares of the company’s stock, valued at approximately $202,000.

Other institutional investors have also made changes to their positions in the company. Enterprise Financial Services Corp bought a new stake in shares of Coca-Cola European Partners in the 2nd quarter worth about $25,000. Zions Bancorporation N.A. bought a new stake in shares of Coca-Cola European Partners in the 2nd quarter worth about $26,000. SevenBridge Financial Group LLC bought a new stake in shares of Coca-Cola European Partners in the 2nd quarter worth about $26,000. Lenox Wealth Management Inc. bought a new stake in shares of Coca-Cola European Partners in the 2nd quarter worth about $29,000. Finally, Larson Financial Group LLC bought a new stake in shares of Coca-Cola European Partners in the 2nd quarter worth about $35,000. 30.20% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola European Partners stock traded up $0.36 during trading hours on Wednesday, reaching $54.63. 13,809 shares of the company’s stock traded hands, compared to its average volume of 1,098,982. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.62 and a current ratio of 0.84. Coca-Cola European Partners PLC has a fifty-two week low of $41.67 and a fifty-two week high of $58.35. The firm has a market capitalization of $26.44 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 2.20 and a beta of 0.45. The firm’s 50 day moving average is $56.32 and its 200-day moving average is $53.21.

CCEP has been the topic of several research reports. Barclays set a $60.00 price target on shares of Coca-Cola European Partners and gave the stock a “buy” rating in a research report on Friday, August 9th. ValuEngine downgraded shares of Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Morgan Stanley downgraded shares of Coca-Cola European Partners from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, June 12th. They noted that the move was a valuation call. ABN Amro upgraded shares of Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, August 13th. Finally, Zacks Investment Research downgraded shares of Coca-Cola European Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Coca-Cola European Partners has an average rating of “Hold” and an average price target 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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Institutional Ownership by Quarter for Coca-Cola European Partners (NYSE:CCEP)

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