Putnam Investments LLC Makes New Investment in Coca-Cola European Partners PLC (NYSE:CCEP)

Putnam Investments LLC acquired a new position in Coca-Cola European Partners PLC (NYSE:CCEP) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 249,054 shares of the company’s stock, valued at approximately $14,072,000. Putnam Investments LLC owned 0.05% of Coca-Cola European Partners as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of the business. Enterprise Financial Services Corp purchased a new stake in shares of Coca-Cola European Partners during the second quarter worth about $25,000. FTB Advisors Inc. purchased a new stake in shares of Coca-Cola European Partners during the second quarter worth about $25,000. Zions Bancorporation N.A. purchased a new stake in shares of Coca-Cola European Partners during the second quarter worth about $26,000. SevenBridge Financial Group LLC purchased a new stake in shares of Coca-Cola European Partners during the second quarter worth about $26,000. Finally, Pearl River Capital LLC purchased a new stake in shares of Coca-Cola European Partners during the second quarter worth about $29,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

Several analysts recently issued reports on CCEP shares. ValuEngine cut shares of Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Liberum Capital started coverage on shares of Coca-Cola European Partners in a research note on Thursday. They set a “buy” rating for the company. Barclays set a $60.00 price objective on shares of Coca-Cola European Partners and gave the company a “buy” rating in a research note on Friday, August 9th. Zacks Investment Research cut shares of Coca-Cola European Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. Finally, ABN Amro raised shares of Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $55.20.

NYSE CCEP traded up $0.13 during trading hours on Friday, hitting $56.22. 12,641 shares of the company’s stock traded hands, compared to its average volume of 1,154,331. Coca-Cola European Partners PLC has a 52-week low of $42.53 and a 52-week high of $58.35. The company has a market capitalization of $27.17 billion, a PE ratio of 20.76, a PEG ratio of 2.22 and a beta of 0.44. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.84 and a quick ratio of 0.62. The firm’s 50-day moving average is $55.37 and its 200-day moving average is $54.40.

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.

Read More: Capital gains and your 401(k) or IRA

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

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

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.