Zurcher Kantonalbank Zurich Cantonalbank Has $8.61 Million Position in Coca-Cola European Partners PLC (NYSE:CCEP)

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in shares of Coca-Cola European Partners PLC (NYSE:CCEP) by 28.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,275 shares of the company’s stock after selling 62,811 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Coca-Cola European Partners were worth $8,610,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CCEP. BlackRock Inc. bought a new position in Coca-Cola European Partners in the second quarter valued at about $634,950,000. Boston Partners bought a new position in Coca-Cola European Partners in the second quarter valued at about $336,519,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Coca-Cola European Partners in the second quarter valued at about $240,454,000. Invesco Ltd. bought a new position in Coca-Cola European Partners in the second quarter valued at about $230,595,000. Finally, Wells Fargo & Company MN bought a new position in Coca-Cola European Partners in the second quarter valued at about $212,214,000. Hedge funds and other institutional investors own 29.17% of the company’s stock.

CCEP traded down $0.16 during midday trading on Tuesday, reaching $58.41. 13,405 shares of the company were exchanged, compared to its average volume of 926,271. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.62 and a current ratio of 0.84. Coca-Cola European Partners PLC has a one year low of $42.90 and a one year high of $58.91. The stock has a market capitalization of $28.47 billion, a P/E ratio of 21.46, a PEG ratio of 2.28 and a beta of 0.41. The stock’s 50-day simple moving average is $56.17 and its 200 day simple moving average is $55.54.

Several equities analysts recently issued reports on the company. Deutsche Bank reiterated a “buy” rating and issued a $65.00 price target (up previously from $62.00) on shares of Coca-Cola European Partners in a report on Tuesday, October 15th. Liberum Capital assumed coverage on Coca-Cola European Partners in a report on Thursday, September 19th. They issued a “buy” rating on the stock. Evercore ISI reiterated a “buy” rating and issued a $60.00 price target on shares of Coca-Cola European Partners in a report on Thursday, August 8th. Barclays set a $60.00 price target on Coca-Cola European Partners and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Zacks Investment Research upgraded Coca-Cola European Partners from a “sell” rating to a “hold” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, five have assigned 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 “Hold” and a consensus target price of $56.83.

About Coca-Cola European Partners

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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