Coca-Cola European Partners (CCEP) Hits New 1-Year High at $56.80
Coca-Cola European Partners PLC (NYSE:CCEP) hit a new 52-week high on Monday . The company traded as high as $56.80 and last traded at $56.77, with a volume of 874438 shares. The stock had previously closed at $56.71.
A number of brokerages have weighed in on CCEP. ValuEngine upgraded Coca-Cola European Partners from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Zacks Investment Research cut Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $56.00 price objective on shares of Coca-Cola European Partners in a research note on Sunday, February 17th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Coca-Cola European Partners currently has a consensus rating of “Buy” and an average target price of $49.67.
The company has a quick ratio of 0.81, a current ratio of 1.01 and a debt-to-equity ratio of 0.77. The company has a market cap of $25.65 billion, a P/E ratio of 23.82, a P/E/G ratio of 2.11 and a beta of 0.60.
Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. purchased a new position in shares of Coca-Cola European Partners during the third quarter valued at approximately $78,105,000. Teachers Advisors LLC purchased a new position in Coca-Cola European Partners during the third quarter worth about $60,743,000. TIAA CREF Investment Management LLC purchased a new position in Coca-Cola European Partners during the third quarter worth about $43,650,000. Nordea Investment Management AB purchased a new position in Coca-Cola European Partners during the first quarter worth about $43,479,000. Finally, AQR Capital Management LLC purchased a new position in Coca-Cola European Partners during the third quarter worth about $417,000. 31.36% of the stock is owned by hedge funds and other institutional investors.
About Coca-Cola European Partners (NYSE:CCEP)
Coca-Cola European Partners Plc engages in the distribution and sale of ready-to-drink beverages. It operates through the following brands: Coca-Cola, Diet Coke or Coca-Cola Light, Coke Zero, Coca-Cola Life, Fanta, and Sprite. It also offers energy drinks, waters, juices, sports drinks, and ready-to-drink teas.
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