Coca-Cola Enterprises VP Sells $675,000 in Stock (CCE)
Coca-Cola Enterprises (NYSE:CCE) VP Laura Brightwell unloaded 13,500 shares of Coca-Cola Enterprises stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $50.00, for a total value of $675,000.00. Following the sale, the vice president now directly owns 22,474 shares of the company’s stock, valued at approximately $1,123,700. The transaction was disclosed in a filing with the SEC, which is available at this link.
CCE has been the subject of a number of recent research reports. Analysts at Argus raised their price target on shares of Coca-Cola Enterprises from $52.00 to $56.00 in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Coca-Cola Enterprises in a research note on Friday, July 25th. They now have a $53.00 price target on the stock, up previously from $48.00. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Coca-Cola Enterprises in a research note on Friday, July 25th. They now have a $53.00 price target on the stock, up previously from $50.00. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Coca-Cola Enterprises currently has an average rating of “Hold” and an average target price of $48.86.
Shares of Coca-Cola Enterprises (NYSE:CCE) traded down 0.37% on Wednesday, hitting $48.15. The stock had a trading volume of 98,683 shares. Coca-Cola Enterprises has a 1-year low of $36.58 and a 1-year high of $50.00. The stock’s 50-day moving average is $47.39 and its 200-day moving average is $46.49. The company has a market cap of $11.823 billion and a P/E ratio of 17.16.
Coca-Cola Enterprises (NYSE:CCE) last announced its earnings results on Thursday, July 24th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by $0.10. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that Coca-Cola Enterprises will post $2.91 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 18th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Wednesday, September 3rd.
Coca-Cola Enterprises, Inc (NYSE:CCE) markets, produces, and distributes nonalcoholic beverages.
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