Treasurer of the State of North Carolina Lowers Stock Holdings in Coca-Cola European Partners PLC (NYSE:CCEP)

Treasurer of the State of North Carolina reduced its stake in Coca-Cola European Partners PLC (NYSE:CCEP) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,544 shares of the company’s stock after selling 230 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Coca-Cola European Partners were worth $991,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CCEP. Marshall Wace LLP acquired a new position in shares of Coca-Cola European Partners in the first quarter worth about $5,946,000. ZWJ Investment Counsel Inc. bought a new position in Coca-Cola European Partners during the first quarter worth about $233,000. Adirondack Research & Management Inc. bought a new position in Coca-Cola European Partners during the first quarter worth about $333,000. Advisory Services Network LLC bought a new position in Coca-Cola European Partners during the first quarter worth about $53,000. Finally, Nordea Investment Management AB bought a new position in Coca-Cola European Partners during the first quarter worth about $43,479,000. 29.17% of the stock is owned by institutional investors and hedge funds.

CCEP opened at $56.51 on Friday. Coca-Cola European Partners PLC has a twelve month low of $42.69 and a twelve month high of $58.35. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 0.90. The company has a fifty day moving average of $55.66 and a 200-day moving average of $55.19. The stock has a market cap of $27.08 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 2.23 and a beta of 0.41.

A number of analysts recently weighed in on CCEP shares. Zacks Investment Research lowered shares of Coca-Cola European Partners from a “hold” rating to a “sell” rating in a report on Monday, October 7th. Liberum Capital assumed coverage on shares of Coca-Cola European Partners in a research report on Thursday, September 19th. They issued a “buy” rating on the stock. Evercore ISI reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Coca-Cola European Partners in a research report on Thursday, August 8th. ABN Amro raised shares of Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, August 13th. Finally, ValuEngine cut shares of Coca-Cola European Partners from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $55.20.

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.

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

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