Tower Research Capital LLC TRC acquired a new stake in shares of Coca-Cola European Partners PLC (NYSE:CCEP) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 7,557 shares of the company’s stock, valued at approximately $427,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. acquired a new stake in Coca-Cola European Partners during the 2nd quarter valued at approximately $634,950,000. Nomura Asset Management Co. Ltd. acquired a new position in shares of Coca-Cola European Partners in the 2nd quarter valued at $9,476,000. InterOcean Capital LLC acquired a new position in shares of Coca-Cola European Partners in the 2nd quarter valued at $760,000. US Bancorp DE acquired a new position in shares of Coca-Cola European Partners in the 2nd quarter valued at $15,897,000. Finally, ETRADE Capital Management LLC acquired a new position in shares of Coca-Cola European Partners in the 2nd quarter valued at $442,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

CCEP has been the subject of several analyst reports. Liberum Capital initiated coverage on shares of Coca-Cola European Partners in a research note on Thursday. They issued a “buy” rating for the company. Barclays set a $60.00 target price on shares of Coca-Cola European Partners and gave the company a “buy” rating in a research note on Friday, August 9th. Evercore ISI reiterated a “buy” rating and issued a $60.00 target price on shares of Coca-Cola European Partners in a research note on Thursday, August 8th. Zacks Investment Research cut shares of Coca-Cola European Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. Finally, ValuEngine cut shares of Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $55.20.

Shares of CCEP traded up $0.89 during trading hours on Thursday, hitting $56.59. The stock had a trading volume of 31,725 shares, compared to its average volume of 1,191,681. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.62 and a current ratio of 0.84. The firm has a 50-day moving average price of $55.36 and a 200 day moving average price of $54.35. Coca-Cola European Partners PLC has a fifty-two week low of $42.53 and a fifty-two week high of $58.35. The firm has a market capitalization of $26.64 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 2.20 and a beta of 0.44.

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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