Hancock Whitney Corp purchased a new position in Coca-Cola European Partners PLC (NYSE:CCE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,499 shares of the company’s stock, valued at approximately $252,000.
Several other hedge funds also recently made changes to their positions in CCE. Legal & General Group Plc lifted its holdings in Coca-Cola European Partners by 3.3% in the 4th quarter. Legal & General Group Plc now owns 1,294,065 shares of the company’s stock valued at $59,333,000 after purchasing an additional 41,242 shares in the last quarter. Jane Street Group LLC purchased a new position in Coca-Cola European Partners in the 4th quarter valued at $7,053,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in Coca-Cola European Partners in the 4th quarter valued at $3,264,000. Hsbc Holdings PLC purchased a new position in Coca-Cola European Partners in the 4th quarter valued at $1,420,000. Finally, Korea Investment CORP purchased a new position in Coca-Cola European Partners in the 4th quarter valued at $2,578,000. Hedge funds and other institutional investors own 31.36% of the company’s stock.
CCE stock traded up $0.77 during midday trading on Wednesday, reaching $52.63. The stock had a trading volume of 1,201,187 shares, compared to its average volume of 1,982,080. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.81 and a current ratio of 1.01. The firm has a market capitalization of $25.49 billion, a P/E ratio of 22.02, a PEG ratio of 2.11 and a beta of 0.60. Coca-Cola European Partners PLC has a 52-week low of $36.17 and a 52-week high of $46.90.
Coca-Cola European Partners Profile
Coca-Cola European Partners Plc engages in the distribution and sale of ready-to-drink beverages. It operates through the following brands: Coca-Cola, Diet Coke or Coca-Cola Light, Coke Zero, Coca-Cola Life, Fanta, and Sprite. It also offers energy drinks, waters, juices, sports drinks, and ready-to-drink teas.
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