KBC Group NV Invests $12.42 Million in Coca-Cola European Partners plc (CCE) Stock
KBC Group NV acquired a new position in Coca-Cola European Partners plc (NYSE:CCE) in the fourth quarter, HoldingsChannel reports. The firm acquired 311,633 shares of the company’s stock, valued at approximately $12,418,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisor Group Inc. boosted its holdings in shares of Coca-Cola European Partners by 35.5% in the 2nd quarter. Advisor Group Inc. now owns 3,587 shares of the company’s stock worth $132,000 after purchasing an additional 939 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of Coca-Cola European Partners by 0.8% in the 3rd quarter. Artisan Partners Limited Partnership now owns 16,772,887 shares of the company’s stock worth $698,088,000 after purchasing an additional 139,127 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Coca-Cola European Partners by 93.9% in the 3rd quarter. Stifel Financial Corp now owns 31,471 shares of the company’s stock worth $1,302,000 after purchasing an additional 15,241 shares in the last quarter. Davidson Kempner Capital Management LP purchased a new position in shares of Coca-Cola European Partners in the 3rd quarter worth about $2,539,000. Finally, Macquarie Group Ltd. purchased a new position in shares of Coca-Cola European Partners in the 3rd quarter worth about $256,000. Hedge funds and other institutional investors own 28.32% of the company’s stock.
A number of equities analysts have recently issued reports on CCE shares. Zacks Investment Research cut Coca-Cola European Partners from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Susquehanna Bancshares set a $33.00 price objective on Coca-Cola European Partners and gave the stock a “sell” rating in a report on Wednesday, November 29th. Macquarie cut Coca-Cola European Partners from an “outperform” rating to a “neutral” rating and set a $40.00 price objective for the company. in a report on Friday, January 5th. Deutsche Bank started coverage on Coca-Cola European Partners in a report on Wednesday, December 13th. They issued a “buy” rating and a $43.00 price objective for the company. Finally, UBS Group cut Coca-Cola European Partners to a “neutral” rating in a report on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Coca-Cola European Partners has an average rating of “Hold” and an average price target of $43.00.
WARNING: This report was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another domain, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this report can be accessed at https://www.watchlistnews.com/kbc-group-nv-invests-12-42-million-in-coca-cola-european-partners-plc-cce-stock/1865329.html.
Coca-Cola European Partners Profile
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.
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 European Partners plc (NYSE:CCE).
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.