LSV Asset Management Buys Shares of 49,400 Coca-Cola European Partners PLC (NYSE:CCEP)

Share on StockTwits

LSV Asset Management bought a new stake in Coca-Cola European Partners PLC (NYSE:CCEP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 49,400 shares of the company’s stock, valued at approximately $2,791,000.

A number of other large investors have also recently modified their holdings of the business. Enterprise Financial Services Corp bought a new stake in Coca-Cola European Partners in the second quarter valued at approximately $25,000. FTB Advisors Inc. bought a new stake in Coca-Cola European Partners in the second quarter valued at approximately $25,000. Zions Bancorporation N.A. bought a new stake in Coca-Cola European Partners in the second quarter valued at approximately $26,000. SevenBridge Financial Group LLC bought a new stake in Coca-Cola European Partners in the second quarter valued at approximately $26,000. Finally, Lenox Wealth Management Inc. bought a new stake in Coca-Cola European Partners in the second quarter valued at approximately $29,000. 29.75% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have commented on CCEP shares. 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. Morgan Stanley cut shares of Coca-Cola European Partners from an “overweight” rating to an “equal weight” rating in a report on Wednesday, June 12th. They noted that the move was a valuation call. ABN Amro upgraded shares of Coca-Cola European Partners from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th. Evercore ISI reiterated a “buy” rating and issued a $60.00 price target on shares of Coca-Cola European Partners in a report on Thursday, August 8th. Finally, Zacks Investment Research cut shares of Coca-Cola European Partners from a “hold” rating to a “sell” rating in a report on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $54.00.

Shares of Coca-Cola European Partners stock traded up $0.52 on Wednesday, hitting $56.25. The company had a trading volume of 2,000 shares, compared to its average volume of 1,301,181. The firm has a market capitalization of $27.29 billion, a P/E ratio of 20.69, a P/E/G ratio of 2.25 and a beta of 0.44. Coca-Cola European Partners PLC has a twelve month low of $42.06 and a twelve month high of $58.35. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.84 and a quick ratio of 0.62. The stock has a 50-day moving average of $55.75 and a 200-day moving average of $53.74.

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.

Featured Story: Short Selling Stocks, A Beginner’s Guide

Want to see what other hedge funds are holding CCEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola European Partners PLC (NYSE:CCEP).

Institutional Ownership by Quarter for Coca-Cola European Partners (NYSE:CCEP)

Receive News & Ratings for Coca-Cola European Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola European Partners and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

LSV Asset Management Reduces Position in American National BankShares Inc
LSV Asset Management Reduces Position in American National BankShares Inc
LSV Asset Management Cuts Stake in MBT Financial Corp.
LSV Asset Management Cuts Stake in MBT Financial Corp.
LSV Asset Management Reduces Stock Position in AmerisourceBergen Corp.
LSV Asset Management Reduces Stock Position in AmerisourceBergen Corp.
Spirit Realty Capital Inc  Shares Acquired by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.
Spirit Realty Capital Inc Shares Acquired by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Increases Holdings in Parsley Energy Inc
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Increases Holdings in Parsley Energy Inc
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Raises Stake in Huazhu Group Ltd
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Raises Stake in Huazhu Group Ltd


© 2006-2019 Ticker Report