Commonwealth Equity Services LLC Has $1.19 Million Stock Holdings in Coca-Cola European Partners PLC (NYSE:CCEP)

Commonwealth Equity Services LLC increased its position in shares of Coca-Cola European Partners PLC (NYSE:CCEP) by 1.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,533 shares of the company’s stock after buying an additional 269 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Coca-Cola European Partners were worth $1,194,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CCEP. BlackRock Inc. acquired a new stake in Coca-Cola European Partners during the second quarter worth about $634,950,000. Boston Partners acquired a new stake in Coca-Cola European Partners during the second quarter worth about $336,519,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Coca-Cola European Partners during the second quarter worth about $240,454,000. Invesco Ltd. acquired a new stake in Coca-Cola European Partners during the second quarter worth about $230,595,000. Finally, Wells Fargo & Company MN acquired a new stake in Coca-Cola European Partners during the second quarter worth about $212,214,000. 29.08% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on CCEP shares. Liberum Capital started coverage on Coca-Cola European Partners in a research report on Thursday, September 19th. They set a “buy” rating on the stock. Deutsche Bank reissued a “buy” rating and set a $65.00 target price (up from $62.00) on shares of Coca-Cola European Partners in a research report on Tuesday, October 15th. Barclays set a $61.00 target price on Coca-Cola European Partners and gave the stock a “buy” rating in a research report on Friday, October 25th. Evercore ISI reissued a “buy” rating and set a $60.00 target price on shares of Coca-Cola European Partners in a research report on Thursday, August 8th. Finally, ABN Amro raised Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, August 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $58.80.

Shares of CCEP opened at $51.88 on Thursday. The stock has a market cap of $25.20 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 2.03 and a beta of 0.41. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 0.90. Coca-Cola European Partners PLC has a 12 month low of $44.44 and a 12 month high of $58.94. The company has a 50-day moving average price of $55.07 and a two-hundred day moving average price of $55.72.

Coca-Cola European Partners Company 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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