Cadence Capital Management LLC decreased its position in Coca-Cola European Partners plc (NYSE:CCEP) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,100 shares of the company’s stock after selling 3,520 shares during the period. Cadence Capital Management LLC’s holdings in Coca-Cola European Partners were worth $2,177,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Naples Global Advisors LLC boosted its holdings in shares of Coca-Cola European Partners by 2.1% in the second quarter. Naples Global Advisors LLC now owns 13,145 shares of the company’s stock valued at $496,000 after acquiring an additional 275 shares in the last quarter. Caxton Associates LP boosted its holdings in Coca-Cola European Partners by 2.2% during the first quarter. Caxton Associates LP now owns 14,674 shares of the company’s stock worth $551,000 after buying an additional 314 shares in the last quarter. Ninety One North America Inc. boosted its holdings in Coca-Cola European Partners by 0.5% during the second quarter. Ninety One North America Inc. now owns 67,790 shares of the company’s stock worth $3,449,000 after buying an additional 349 shares in the last quarter. Ninety One SA PTY Ltd boosted its holdings in Coca-Cola European Partners by 35.5% during the second quarter. Ninety One SA PTY Ltd now owns 1,571 shares of the company’s stock worth $60,000 after buying an additional 412 shares in the last quarter. Finally, Gradient Investments LLC boosted its holdings in Coca-Cola European Partners by 4.2% during the third quarter. Gradient Investments LLC now owns 15,663 shares of the company’s stock worth $608,000 after buying an additional 626 shares in the last quarter. 26.73% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:CCEP traded down $0.14 during trading on Friday, reaching $38.32. The stock had a trading volume of 659,753 shares, compared to its average volume of 1,610,128. The business has a fifty day moving average price of $41.43 and a 200-day moving average price of $40.00. The company has a quick ratio of 0.75, a current ratio of 0.94 and a debt-to-equity ratio of 1.09. The stock has a market cap of $18.56 billion, a P/E ratio of 13.54, a PEG ratio of 5.32 and a beta of 0.59. Coca-Cola European Partners plc has a fifty-two week low of $28.35 and a fifty-two week high of $58.94.
CCEP has been the topic of a number of research analyst reports. ABN Amro raised shares of Coca-Cola European Partners from a “hold” rating to a “buy” rating in a report on Monday, July 6th. Zacks Investment Research downgraded shares of Coca-Cola European Partners from a “hold” rating to a “sell” rating in a report on Monday, October 12th. Finally, Kepler Capital Markets restated a “buy” rating on shares of Coca-Cola European Partners in a research report on Friday, August 7th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Coca-Cola European Partners has a consensus rating of “Hold” and a consensus price target of $44.23.
Coca-Cola European Partners Profile
Coca-Cola European Partners plc, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready-to-drink beverages. The company offers flavors, mixers, and energy drinks; waters, flavored water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.
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