Coca-Cola European Partners PLC (NYSE:CCEP) Shares Acquired by Livingston Group Asset Management CO operating as Southport Capital Management

Livingston Group Asset Management CO operating as Southport Capital Management boosted its position in Coca-Cola European Partners PLC (NYSE:CCEP) by 191.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,220 shares of the company’s stock after purchasing an additional 10,000 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Coca-Cola European Partners were worth $774,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Sheets Smith Wealth Management grew its holdings in Coca-Cola European Partners by 2.8% in the third quarter. Sheets Smith Wealth Management now owns 7,662 shares of the company’s stock valued at $425,000 after purchasing an additional 208 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in Coca-Cola European Partners by 5.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 4,054 shares of the company’s stock valued at $225,000 after acquiring an additional 214 shares during the last quarter. Pinnacle Bank increased its holdings in Coca-Cola European Partners by 4.1% during the 3rd quarter. Pinnacle Bank now owns 5,631 shares of the company’s stock valued at $312,000 after acquiring an additional 220 shares in the last quarter. Whittier Trust Co. increased its holdings in Coca-Cola European Partners by 19.8% during the 3rd quarter. Whittier Trust Co. now owns 1,449 shares of the company’s stock valued at $80,000 after acquiring an additional 239 shares in the last quarter. Finally, Wetherby Asset Management Inc. raised its position in Coca-Cola European Partners by 2.1% during the third quarter. Wetherby Asset Management Inc. now owns 11,858 shares of the company’s stock worth $658,000 after acquiring an additional 244 shares during the last quarter. 27.78% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently commented on CCEP shares. JPMorgan Chase & Co. upgraded shares of Coca-Cola European Partners from a “neutral” rating to an “overweight” rating and increased their price target for the company from $55.50 to $62.00 in a research report on Wednesday. Barclays set a $61.00 price objective on Coca-Cola European Partners and gave the stock a “buy” rating in a research report on Friday, October 25th. ValuEngine upgraded Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Deutsche Bank restated a “buy” rating and set a $65.00 price objective (up from $62.00) on shares of Coca-Cola European Partners in a research report on Tuesday, October 15th. Finally, Argus downgraded Coca-Cola European Partners from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Coca-Cola European Partners has an average rating of “Buy” and a consensus target price of $60.17.

Shares of NYSE:CCEP traded down $0.22 during midday trading on Thursday, reaching $53.12. The company’s stock had a trading volume of 28,157 shares, compared to its average volume of 677,691. The firm has a market cap of $24.86 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 1.88 and a beta of 0.38. The business has a 50 day moving average price of $50.58 and a 200 day moving average price of $54.11. Coca-Cola European Partners PLC has a 1 year low of $44.63 and a 1 year high of $58.94. The company has a quick ratio of 0.62, a current ratio of 0.84 and a debt-to-equity ratio of 0.90.

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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