Investors Sell Coca-Cola Enterprises Inc. (CCE) on Strength (CCE)
Traders sold shares of Coca-Cola Enterprises Inc. (NYSE:CCE) on strength during trading hours on Thursday. $11.82 million flowed into the stock on the tick-up and $32.87 million flowed out of the stock on the tick-down, for a money net flow of $21.05 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 $0.06 for the day and closed at $38.42
A number of research analysts have commented on the company. Vetr lowered Coca-Cola Enterprises from a “strong-buy” rating to a “buy” rating and set a $58.52 price target for the company. in a research report on Thursday, May 5th. Susquehanna reaffirmed a “hold” rating on shares of Coca-Cola Enterprises in a research report on Thursday, April 28th. Evercore ISI reaffirmed a “buy” rating on shares of Coca-Cola Enterprises in a research report on Sunday, June 26th. Credit Agricole SA lowered their price target on Coca-Cola Enterprises from $60.00 to $45.00 and set an “outperform” rating for the company in a research report on Wednesday, June 1st. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $47.00 price target on shares of Coca-Cola Enterprises in a research report on Friday, June 10th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Coca-Cola Enterprises presently has an average rating of “Buy” and an average price target of $50.81.
The company’s 50 day moving average is $37.46 and its 200 day moving average is $44.95. The firm has a market cap of $18.75 billion and a price-to-earnings ratio of 26.68.
Other hedge funds and institutional investors have made changes to their positions in the company. BlackRock Advisors LLC raised 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 during the period. State of Tennessee Treasury Department raised 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 during the period. Stephens Inc. AR raised its position in shares of Coca-Cola Enterprises by 2.8% in the fourth quarter. Stephens Inc. AR now owns 35,889 shares of the company’s stock valued at $1,767,000 after buying an additional 961 shares during the period. Finally, Principal Financial Group Inc. raised 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 during the period.
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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