The Coca-Cola Enterprises Inc. (CCE) Shares Sold by UBS Oconnor LLC

The Coca-Cola Enterprises Inc. (CCE) Shares Sold by UBS Oconnor LLC

UBS Oconnor LLC reduced its position in shares of Coca-Cola Enterprises Inc. (NYSE:CCE) by 58.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,000 shares of the company’s stock after selling 70,000 shares during the period. UBS Oconnor LLC’s holdings in Coca-Cola Enterprises were worth $1,995,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Public Sector Pension Investment Board raised its position in Coca-Cola Enterprises by 22.5% in the second quarter. Public Sector Pension Investment Board now owns 41,250 shares of the company’s stock worth $1,480,000 after buying an additional 7,572 shares during the period. Engineers Gate Manager LP raised its position in Coca-Cola Enterprises by 77.7% in the second quarter. Engineers Gate Manager LP now owns 88,100 shares of the company’s stock worth $3,144,000 after buying an additional 38,524 shares during the period. Wetherby Asset Management Inc. raised its position in Coca-Cola Enterprises by 2.5% in the second quarter. Wetherby Asset Management Inc. now owns 5,932 shares of the company’s stock worth $212,000 after buying an additional 145 shares during the period. Globeflex Capital L P acquired a new position in Coca-Cola Enterprises during the second quarter worth $936,000. Finally, US Bancorp DE raised its position in Coca-Cola Enterprises by 8.5% in the second quarter. US Bancorp DE now owns 22,666 shares of the company’s stock worth $809,000 after buying an additional 1,768 shares during the period. 29.91% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Enterprises Inc. (NYSE:CCE) traded up 2.67% during mid-day trading on Thursday, hitting $33.86. The company had a trading volume of 5,042,588 shares. The company has a 50-day moving average price of $31.97 and a 200 day moving average price of $36.33. The company has a market capitalization of $16.28 billion, a P/E ratio of 25.01 and a beta of 1.00. Coca-Cola Enterprises Inc. has a 52-week low of $30.55 and a 52-week high of $54.54.

The business also recently announced a special dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were issued a $0.1796 dividend. The ex-dividend date of this dividend was Thursday, December 29th. Coca-Cola Enterprises’s payout ratio is currently 31.98%.

A number of research analysts recently weighed in on the stock. TheStreet raised shares of Coca-Cola Enterprises from a “hold” rating to a “buy” rating in a report on Thursday, September 22nd. Zacks Investment Research lowered shares of Coca-Cola Enterprises from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 27th. Goldman Sachs Group Inc. downgraded Coca-Cola Enterprises from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a research report on Monday, October 10th. Kepler Capital Markets started coverage on Coca-Cola Enterprises in a research report on Thursday, October 20th. They issued a “buy” rating for the company. Finally, Susquehanna restated a “hold” rating and issued a $39.00 price target on shares of Coca-Cola Enterprises in a research report on Monday, November 14th. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $49.04.

Coca-Cola Enterprises Company Profile

Coca-Cola Enterprises, Inc (CCE) markets, produces and distributes nonalcoholic beverages. The Company serves customers across Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway and Sweden. The Company’s segments include Europe and Corporate. CCE is The Coca-Cola Company’s strategic bottling partner in Western Europe.

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