Sumitomo Mitsui DS Asset Management Company Ltd Boosts Holdings in Coca-Cola European Partners PLC (NYSE:CCEP)

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Coca-Cola European Partners PLC (NYSE:CCEP) by 22.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,535 shares of the company’s stock after buying an additional 2,689 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Coca-Cola European Partners were worth $805,000 as of its most recent SEC filing.

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

CCEP has been the topic of several research reports. Deutsche Bank reissued a “buy” rating and set a $65.00 price target (up from $62.00) on shares of Coca-Cola European Partners in a research note on Tuesday, October 15th. Liberum Capital assumed coverage on shares of Coca-Cola European Partners in a research note on Thursday, September 19th. They set a “buy” rating on the stock. Barclays set a $60.00 target price on shares of Coca-Cola European Partners and gave the stock a “buy” rating in a research note on Friday, August 9th. 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. Finally, Evercore ISI reaffirmed a “buy” rating and issued a $60.00 target price on shares of Coca-Cola European Partners in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $56.83.

Shares of CCEP stock opened at $58.77 on Monday. Coca-Cola European Partners PLC has a 12 month low of $42.90 and a 12 month high of $58.91. The stock has a market cap of $28.21 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 2.26 and a beta of 0.41. The company has a current ratio of 0.84, a quick ratio of 0.62 and a debt-to-equity ratio of 0.90. The company’s fifty day moving average price is $56.03 and its 200-day moving average price is $55.43.

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.

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

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