Zions Bancorporation N.A. bought a new position in shares of Coca-Cola European Partners PLC (NYSE:CCEP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 460 shares of the company’s stock, valued at approximately $26,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new stake in Coca-Cola European Partners during the 1st quarter worth approximately $53,000. Investors Research Corp bought a new stake in Coca-Cola European Partners during the 2nd quarter worth approximately $159,000. ZWJ Investment Counsel Inc. bought a new stake in Coca-Cola European Partners during the 1st quarter worth approximately $233,000. Pinnacle Bank bought a new stake in Coca-Cola European Partners during the 2nd quarter worth approximately $306,000. Finally, Adirondack Research & Management Inc. bought a new stake in Coca-Cola European Partners during the 1st quarter worth approximately $333,000. Institutional investors own 30.56% of the company’s stock.

A number of equities research analysts have commented on CCEP shares. ValuEngine cut shares of Acceleron Pharma from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 18th. Zacks Investment Research upgraded shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Tuesday, July 16th. Finally, Morgan Stanley reiterated a “neutral” rating and set a $230.00 price objective on shares of Tesla in a research report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Coca-Cola European Partners has an average rating of “Hold” and an average price target of $49.67.

Shares of Coca-Cola European Partners stock traded up $0.92 on Friday, hitting $57.33. 1,099,958 shares of the company traded hands, compared to its average volume of 922,453. The firm has a market cap of $27.77 billion, a PE ratio of 21.08, a P/E/G ratio of 2.28 and a beta of 0.47. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 0.78. Coca-Cola European Partners PLC has a 52 week low of $40.17 and a 52 week high of $58.35. The company’s 50-day moving average price is $57.12.

Coca-Cola European Partners 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.

Further Reading: Cost of equity and a company’s balance sheet

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

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