IBM Retirement Fund lowered its stake in Coca-Cola Enterprises Inc. (NYSE:CCE) by 14.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,419 shares of the company’s stock after selling 4,009 shares during the period. IBM Retirement Fund’s holdings in Coca-Cola Enterprises were worth $836,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its position in Coca-Cola Enterprises by 2.3% in the first quarter. State Street Corp now owns 9,744,459 shares of the company’s stock valued at $494,438,000 after buying an additional 216,662 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Coca-Cola Enterprises by 73.8% in the first quarter. Goldman Sachs Group Inc. now owns 3,970,297 shares of the company’s stock valued at $201,453,000 after buying an additional 1,685,708 shares during the last quarter. Panagora Asset Management Inc. raised its stake in Coca-Cola Enterprises by 15.9% in the first quarter. Panagora Asset Management Inc. now owns 1,927,010 shares of the company’s stock valued at $97,776,000 after buying an additional 264,803 shares during the last quarter. Geode Capital Management LLC raised its stake in Coca-Cola Enterprises by 4.3% in the first quarter. Geode Capital Management LLC now owns 1,792,886 shares of the company’s stock valued at $90,793,000 after buying an additional 73,982 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in Coca-Cola Enterprises by 17.3% in the first quarter. Renaissance Technologies LLC now owns 1,651,392 shares of the company’s stock valued at $83,792,000 after buying an additional 244,100 shares during the last quarter. 27.13% of the stock is owned by institutional investors.

Shares of Coca-Cola Enterprises Inc. (NYSE:CCE) traded down 1.18% during midday trading on Friday, reaching $39.27. The company had a trading volume of 1,782,127 shares. The firm has a market capitalization of $19.16 billion, a P/E ratio of 27.27 and a beta of 1.06. Coca-Cola Enterprises Inc. has a one year low of $33.67 and a one year high of $54.54. The company has a 50 day moving average price of $38.36 and a 200-day moving average price of $44.10.

Several analysts recently issued reports on the company. Susquehanna reiterated a “hold” rating on shares of Coca-Cola Enterprises in a report on Saturday, June 4th. Evercore ISI reiterated a “buy” rating on shares of Coca-Cola Enterprises in a report on Sunday, June 26th. Credit Suisse Group AG assumed coverage on Coca-Cola Enterprises in a report on Thursday. They set a “neutral” rating on the stock. Deutsche Bank AG reiterated a “buy” rating and set a $47.00 target price on shares of Coca-Cola Enterprises in a report on Friday, June 10th. Finally, Credit Agricole SA dropped their target price on Coca-Cola Enterprises from $60.00 to $45.00 and set an “outperform” rating on the stock in a report on Wednesday, June 1st. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Coca-Cola Enterprises has an average rating of “Buy” and a consensus price target of $50.54.

About Coca-Cola Enterprises

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

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

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