Traders Sell Shares of Coca-Cola Enterprises Inc. (CCE) on Strength (CCE)
Traders sold shares of Coca-Cola Enterprises Inc. (NYSE:CCE) on strength during trading on Friday. $28.48 million flowed into the stock on the tick-up and $51.39 million flowed out of the stock on the tick-down, for a money net flow of $22.91 million out of the stock. Of all companies tracked, Coca-Cola Enterprises had the 0th highest net out-flow for the day. Coca-Cola Enterprises traded up $0.19 for the day and closed at $38.61
Several equities research analysts have weighed in on the company. Susquehanna reaffirmed a “hold” rating on shares of Coca-Cola Enterprises in a research report on Sunday, July 17th. Zacks Investment Research downgraded Coca-Cola Enterprises from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 7th. Evercore ISI raised Coca-Cola Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, May 31st. Vetr upgraded Coca-Cola Enterprises from a “buy” rating to a “strong-buy” rating and set a $59.37 target price on the stock in a research report on Monday, May 16th. Finally, Barclays PLC dropped their target price on Coca-Cola Enterprises from $54.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 1st. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Coca-Cola Enterprises presently has an average rating of “Buy” and a consensus target price of $50.81.
The firm has a market cap of $18.84 billion and a price-to-earnings ratio of 26.81. The firm has a 50-day moving average price of $37.54 and a 200-day moving average price of $44.89.
Several large investors have made changes to their positions in the stock. State of Tennessee Treasury Department boosted its stake in shares of Coca-Cola Enterprises by 55.2% in the fourth quarter. State of Tennessee Treasury Department now owns 137,075 shares of the company’s stock worth $6,749,000 after buying an additional 48,775 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Coca-Cola Enterprises by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 320,883 shares of the company’s stock worth $15,800,000 after buying an additional 1,826 shares during the last quarter. Finally, BlackRock Advisors LLC boosted its stake in shares of Coca-Cola Enterprises by 25.7% in the fourth quarter. BlackRock Advisors LLC now owns 333,377 shares of the company’s stock worth $16,416,000 after buying an additional 68,197 shares during the last quarter.
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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