MHI Funds LLC cut its holdings in Coca-Cola European Partners PLC (NYSE:CCEP) by 1.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,503 shares of the company’s stock after selling 424 shares during the period. MHI Funds LLC’s holdings in Coca-Cola European Partners were worth $1,525,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of CCEP. Marshall Wace LLP bought a new position in shares of Coca-Cola European Partners in the first quarter worth about $5,946,000. Advisory Services Network LLC acquired a new stake in Coca-Cola European Partners during the first quarter worth about $53,000. Nordea Investment Management AB acquired a new stake in Coca-Cola European Partners during the first quarter worth about $43,479,000. First Trust Advisors LP acquired a new stake in Coca-Cola European Partners during the first quarter worth about $1,073,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in Coca-Cola European Partners during the first quarter worth about $73,639,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

A number of equities research analysts recently weighed in on the company. ValuEngine downgraded Coca-Cola European Partners from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Deutsche Bank reissued a “buy” rating and set a $65.00 target price (up from $62.00) on shares of Coca-Cola European Partners in a research report on Tuesday. ABN Amro raised Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, August 13th. Evercore ISI reaffirmed a “buy” rating and set a $60.00 price objective on shares of Coca-Cola European Partners in a report on Thursday, August 8th. Finally, Liberum Capital began coverage on Coca-Cola European Partners in a report on Thursday, September 19th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $56.83.

CCEP stock traded up $0.60 during trading on Thursday, hitting $58.34. The company had a trading volume of 18,003 shares, compared to its average volume of 982,818. 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 firm has a 50-day moving average price of $55.91 and a 200-day moving average price of $55.36. Coca-Cola European Partners PLC has a 12 month low of $42.90 and a 12 month high of $58.35. The stock has a market cap of $27.52 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 2.27 and a beta of 0.41.

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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