BB&T Corp Has $584,000 Stake in Coca-Cola European Partners PLC (NYSE:CCEP)

BB&T Corp trimmed its position in shares of Coca-Cola European Partners PLC (NYSE:CCEP) by 40.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,537 shares of the company’s stock after selling 7,028 shares during the quarter. BB&T Corp’s holdings in Coca-Cola European Partners were worth $584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. lifted its holdings in shares of Coca-Cola European Partners by 5.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 4,054 shares of the company’s stock valued at $225,000 after buying an additional 214 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Coca-Cola European Partners by 195.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 769 shares of the company’s stock valued at $43,000 after acquiring an additional 509 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Coca-Cola European Partners by 11.5% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 81,356 shares of the company’s stock valued at $4,511,000 after acquiring an additional 8,370 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Coca-Cola European Partners by 1.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 21,533 shares of the company’s stock valued at $1,194,000 after acquiring an additional 269 shares in the last quarter. Finally, Shulman DeMeo Asset Management LLC bought a new position in shares of Coca-Cola European Partners in the 3rd quarter valued at approximately $374,000. Institutional investors and hedge funds own 29.14% of the company’s stock.

Shares of CCEP stock opened at $51.29 on Friday. The stock’s 50 day simple moving average is $55.44 and its 200 day simple moving average is $55.74. 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 twelve month low of $44.44 and a twelve month high of $58.94. The company has a market capitalization of $25.18 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 2.06 and a beta of 0.41.

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A number of research analysts recently weighed in on CCEP shares. ABN Amro raised Coca-Cola European Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th. Barclays set a $61.00 price objective on Coca-Cola European Partners and gave the company a “buy” rating in a research note on Friday, October 25th. ValuEngine raised Coca-Cola European Partners from a “strong sell” rating to a “sell” rating in a research note on Friday, November 1st. Liberum Capital started coverage on Coca-Cola European Partners in a research note on Thursday, September 19th. They issued a “buy” rating on the stock. Finally, Deutsche Bank reissued a “buy” rating and issued a $65.00 price objective (up from $62.00) on shares of Coca-Cola European Partners in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $58.80.

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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