1,306,129 Shares in Coca-Cola European Partners PLC (NYSE:CCEP) Purchased by TD Asset Management Inc.

TD Asset Management Inc. bought a new position in shares of Coca-Cola European Partners PLC (NYSE:CCEP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,306,129 shares of the company’s stock, valued at approximately $73,796,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Enterprise Financial Services Corp purchased a new position in Coca-Cola European Partners in the 2nd quarter worth about $25,000. Zions Bancorporation N.A. purchased a new position in Coca-Cola European Partners in the 2nd quarter worth about $26,000. SevenBridge Financial Group LLC purchased a new position in Coca-Cola European Partners in the 2nd quarter worth about $26,000. Lenox Wealth Management Inc. purchased a new position in Coca-Cola European Partners in the 2nd quarter worth about $29,000. Finally, Larson Financial Group LLC purchased a new position in Coca-Cola European Partners in the 2nd quarter worth about $35,000. 30.47% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:CCEP traded down $0.46 on Wednesday, hitting $53.90. 40,951 shares of the company’s stock traded hands, compared to its average volume of 1,177,035. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.61 and a current ratio of 0.79. Coca-Cola European Partners PLC has a 1 year low of $41.67 and a 1 year high of $58.35. The firm’s 50-day simple moving average is $56.54. The firm has a market capitalization of $26.33 billion, a P/E ratio of 19.90, a PEG ratio of 2.21 and a beta of 0.45.

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

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