Tower Research Capital LLC TRC purchased a new stake in Coca-Cola European Partners PLC (NYSE:CCEP) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 7,557 shares of the company’s stock, valued at approximately $427,000.
Other institutional investors also recently made changes to their positions in the company. ZWJ Investment Counsel Inc. purchased a new position in Coca-Cola European Partners in the first quarter valued at approximately $233,000. Janus Henderson Group PLC purchased a new position in Coca-Cola European Partners in the second quarter valued at approximately $90,911,000. State Board of Administration of Florida Retirement System purchased a new position in shares of Coca-Cola European Partners during the second quarter worth approximately $1,558,000. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Coca-Cola European Partners during the first quarter worth approximately $73,639,000. Finally, Huntington National Bank purchased a new position in shares of Coca-Cola European Partners during the second quarter worth approximately $49,000. Institutional investors own 29.17% of the company’s stock.
Shares of CCEP traded up $0.89 during mid-day trading on Thursday, reaching $56.59. 31,725 shares of the company’s stock were exchanged, compared to its average volume of 1,191,681. 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 market capitalization of $26.64 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 2.20 and a beta of 0.44. The business’s fifty day simple moving average is $55.36 and its 200-day simple moving average is $54.35. Coca-Cola European Partners PLC has a 52-week low of $42.53 and a 52-week high of $58.35.
About Coca-Cola European Partners
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.
Further Reading: Sell-Side Analysts
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