Tower Research Capital LLC TRC Purchases Shares of 7,557 Coca-Cola European Partners PLC (NYSE:CCEP)

Share on StockTwits

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.

A number of equities analysts have recently issued reports on the stock. Evercore ISI restated 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. Morgan Stanley lowered shares of Coca-Cola European Partners from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, June 12th. They noted that the move was a valuation call. Barclays set a $60.00 target price on shares of Coca-Cola European Partners and gave the stock a “buy” rating in a research report on Friday, August 9th. ABN Amro upgraded shares of Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, August 13th. Finally, Liberum Capital assumed coverage on shares of Coca-Cola European Partners in a research report on Thursday. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Coca-Cola European Partners currently has an average rating of “Hold” and a consensus price target of $55.20.

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

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.