Traders 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
CCE has been the subject of a number of analyst reports. Vetr downgraded Coca-Cola Enterprises from a “strong-buy” rating to a “buy” rating and set a $58.52 target price for the company. in a research note on Thursday, May 5th. Evercore ISI reissued a “buy” rating on shares of Coca-Cola Enterprises in a research note on Sunday, June 26th. Susquehanna reissued a “hold” rating on shares of Coca-Cola Enterprises in a research note on Saturday, June 4th. Zacks Investment Research raised Coca-Cola Enterprises from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. Finally, Societe Generale raised Coca-Cola Enterprises from a “hold” rating to a “buy” rating in a research note on Tuesday, July 19th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Coca-Cola Enterprises presently has an average rating of “Buy” and a consensus price target of $50.81.
The firm has a market cap of $18.84 billion and a price-to-earnings ratio of 26.81. The stock has a 50 day moving average of $37.54 and a 200-day moving average of $44.89.
A number of large investors have recently added to or reduced their stakes in CCE. State of Tennessee Treasury Department boosted its stake in 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 period. Principal Financial Group Inc. boosted its stake in 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 period. Finally, BlackRock Advisors LLC boosted its stake in 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 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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