Traders Sell Shares of Coca-Cola Enterprises Inc. (CCE) on Strength (CCE)
Investors 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 equities 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
A number of research analysts have recently issued reports on the stock. Vetr upgraded shares of Coca-Cola Enterprises from a “buy” rating to a “strong-buy” rating and set a $59.37 price target on the stock in a research report on Monday, May 16th. Credit Agricole SA reiterated an “outperform” rating on shares of Coca-Cola Enterprises in a research note on Tuesday, May 17th. Evercore ISI upgraded shares of Coca-Cola Enterprises from a “hold” rating to a “buy” rating in a research note on Tuesday, May 31st. Goldman Sachs Group Inc. assumed coverage on shares of Coca-Cola Enterprises in a research note on Tuesday, May 31st. They issued a “buy” rating and a $46.00 price objective for the company. Finally, Susquehanna reiterated a “hold” rating on shares of Coca-Cola Enterprises in a research note on Saturday, June 4th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $50.81.
The stock has a 50 day moving average of $37.54 and a 200-day moving average of $44.89. The stock has a market capitalization of $18.84 billion and a PE ratio of 26.81.
Other hedge funds and institutional investors have recently modified their holdings of the company. BlackRock Advisors LLC boosted its position 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 valued at $16,416,000 after buying an additional 68,197 shares in the last quarter. State of Tennessee Treasury Department boosted its position 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 valued at $6,749,000 after buying an additional 48,775 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position 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 valued at $15,800,000 after buying an additional 1,826 shares in 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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