Scotia Capital Inc. lowered its position in shares of Coca-Cola European Partners PLC (NYSE:CCE) by 13.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 45,936 shares of the company’s stock after selling 7,054 shares during the period. Scotia Capital Inc.’s holdings in Coca-Cola European Partners PLC were worth $1,443,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of CCE. Bessemer Group Inc. increased its position in Coca-Cola European Partners PLC by 3.0% in the fourth quarter. Bessemer Group Inc. now owns 14,770 shares of the company’s stock worth $464,000 after buying an additional 425 shares in the last quarter. First Allied Advisory Services Inc. increased its position in Coca-Cola European Partners PLC by 4.9% in the fourth quarter. First Allied Advisory Services Inc. now owns 10,148 shares of the company’s stock worth $319,000 after buying an additional 473 shares in the last quarter. Navellier & Associates Inc increased its position in Coca-Cola European Partners PLC by 7.4% in the third quarter. Navellier & Associates Inc now owns 7,761 shares of the company’s stock worth $310,000 after buying an additional 535 shares in the last quarter. Argent Capital Management LLC increased its position in Coca-Cola European Partners PLC by 9.9% in the third quarter. Argent Capital Management LLC now owns 6,205 shares of the company’s stock worth $248,000 after buying an additional 560 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its position in Coca-Cola European Partners PLC by 19.0% in the third quarter. Meeder Asset Management Inc. now owns 4,917 shares of the company’s stock worth $196,000 after buying an additional 784 shares in the last quarter. 31.73% of the stock is owned by institutional investors.

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

Shares of Coca-Cola European Partners PLC (NYSE:CCE) traded down 0.03% during trading on Thursday, hitting $35.45. The company’s stock had a trading volume of 980,273 shares. The firm’s 50 day moving average is $33.71 and its 200-day moving average is $36.04. Coca-Cola European Partners PLC has a 1-year low of $30.55 and a 1-year high of $54.54. The company has a market capitalization of $17.05 billion, a P/E ratio of 26.07 and a beta of 1.01.

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A number of research firms have recently commented on CCE. Susquehanna Bancshares Inc reaffirmed a “hold” rating and set a $37.00 price objective on shares of Coca-Cola European Partners PLC in a research note on Monday, December 19th. Stifel Nicolaus cut Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a report on Tuesday, December 6th. TheStreet cut Coca-Cola European Partners PLC from a “buy” rating to a “hold” rating in a report on Monday, December 5th. Kepler Capital Markets initiated coverage on Coca-Cola European Partners PLC in a report on Thursday, October 20th. They issued a “buy” rating for the company. Finally, Jefferies Group LLC restated a “hold” rating and issued a $38.00 price target on shares of Coca-Cola European Partners PLC in a report on Wednesday, December 21st. Eight research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Coca-Cola European Partners PLC currently has an average rating of “Buy” and a consensus price target of $49.04.

About Coca-Cola European Partners PLC

Coca-Cola Enterprises, Inc (CCE) markets, produces and distributes nonalcoholic beverages. The Company serves customers across Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway and Sweden. The Company’s segments include Europe and Corporate. CCE is The Coca-Cola Company’s strategic bottling partner in Western Europe.

5 Day Chart for NYSE:CCE

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