Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its position in Coca-Cola European Partners PLC (NYSE:CCE) by 24.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,400 shares of the company’s stock after selling 7,600 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Coca-Cola European Partners were worth $1,064,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Exane Derivatives lifted its position in shares of Coca-Cola European Partners by 84,700.0% in the third quarter. Exane Derivatives now owns 2,544 shares of the company’s stock valued at $115,000 after acquiring an additional 2,541 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Coca-Cola European Partners by 208.1% in the third quarter. Steward Partners Investment Advisory LLC now owns 4,030 shares of the company’s stock valued at $183,000 after acquiring an additional 2,722 shares in the last quarter. Signaturefd LLC lifted its position in shares of Coca-Cola European Partners by 81.4% in the second quarter. Signaturefd LLC now owns 4,570 shares of the company’s stock valued at $186,000 after acquiring an additional 2,051 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of Coca-Cola European Partners in the third quarter valued at approximately $215,000. Finally, Fulton Bank N.A. purchased a new position in shares of Coca-Cola European Partners in the third quarter valued at approximately $222,000. Institutional investors and hedge funds own 31.36% of the company’s stock.
Several equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research report on Friday, October 26th. ValuEngine upgraded Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research report on Saturday, September 1st. Jefferies Financial Group reiterated a “hold” rating and set a $46.00 price objective on shares of Coca-Cola European Partners in a research report on Wednesday, August 15th. Wells Fargo & Co lifted their price objective on Coca-Cola European Partners from $39.00 to $40.00 and gave the stock a “market perform” rating in a research report on Friday, August 10th. Finally, UBS Group upgraded Coca-Cola European Partners to a “neutral” rating in a research report on Friday, September 14th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $47.29.
Shares of Coca-Cola European Partners stock opened at $49.09 on Friday. Coca-Cola European Partners PLC has a one year low of $36.17 and a one year high of $46.90. The company has a market cap of $22.63 billion, a P/E ratio of 20.54, a P/E/G ratio of 2.11 and a beta of 0.60. The company has a current ratio of 1.01, a quick ratio of 0.81 and a debt-to-equity ratio of 0.77.
The business also recently disclosed a dividend, which was paid on Tuesday, November 20th. Investors of record on Friday, November 9th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, November 8th. Coca-Cola European Partners’s payout ratio is 23.43%.
About Coca-Cola European Partners
Coca-Cola European Partners plc, together with its subsidiaries, produces, distributes, and markets a range of nonalcoholic ready-to-drink beverages. The company offers water, juice, isotonic, sparkling flavor and energy drink, and other products. It provides its products primarily under the Coca-Cola, Fanta, and Monster brands, as well as Coca-Cola Zero Sugar, Vio, Royal Bliss, Honest, and GLACÉAU Smartwater brands.
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