Miller Howard Investments Inc. NY Has $56.36 Million Stake in Coca-Cola European Partners PLC (NYSE:CCEP)

Miller Howard Investments Inc. NY lowered its stake in shares of Coca-Cola European Partners PLC (NYSE:CCEP) by 8.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,016,312 shares of the company’s stock after selling 91,622 shares during the period. Miller Howard Investments Inc. NY owned approximately 0.21% of Coca-Cola European Partners worth $56,355,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Enterprise Financial Services Corp acquired a new position in Coca-Cola European Partners during the 2nd quarter valued at about $25,000. FTB Advisors Inc. acquired a new position in Coca-Cola European Partners during the 2nd quarter valued at about $25,000. Zions Bancorporation N.A. bought a new position in shares of Coca-Cola European Partners during the 2nd quarter worth approximately $26,000. SevenBridge Financial Group LLC bought a new position in shares of Coca-Cola European Partners during the 2nd quarter worth approximately $26,000. Finally, Lenox Wealth Management Inc. bought a new position in shares of Coca-Cola European Partners during the 2nd quarter worth approximately $29,000. Institutional investors and hedge funds own 29.17% of the company’s stock.

Shares of Coca-Cola European Partners stock traded up $0.60 during mid-day trading on Thursday, hitting $58.34. 18,003 shares of the stock were exchanged, compared to its average volume of 982,818. Coca-Cola European Partners PLC has a 12 month low of $42.90 and a 12 month high of $58.35. The company has a 50-day simple moving average of $55.91 and a 200 day simple moving average of $55.36. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.62 and a current ratio of 0.84. The company has a market capitalization of $27.52 billion, a P/E ratio of 21.44, a P/E/G ratio of 2.27 and a beta of 0.41.

Several equities analysts have commented on the stock. Deutsche Bank reissued a “buy” rating and set a $65.00 target price (up previously from $62.00) on shares of Coca-Cola European Partners in a research report on Tuesday. ValuEngine cut shares of Coca-Cola European Partners from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research raised shares of Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research report on Monday. Liberum Capital assumed coverage on shares of Coca-Cola European Partners in a research report on Thursday, September 19th. They set a “buy” rating on the stock. Finally, Barclays set a $60.00 target price on shares of Coca-Cola European Partners and gave the stock a “buy” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $56.83.

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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