Insider Selling: Laura Brightwell Sells 13,500 Shares of Coca-Cola Enterprises Stock (CCE)
Coca-Cola Enterprises (NYSE:CCE) VP Laura Brightwell sold 13,500 shares of Coca-Cola Enterprises stock in a transaction that occurred on 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 Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $48.86.
Shares of Coca-Cola Enterprises (NYSE:CCE) opened at 47.57 on Friday. Coca-Cola Enterprises has a 52 week low of $36.58 and a 52 week high of $50.00. The stock has a 50-day moving average of $47.36 and a 200-day moving average of $46.53. The company has a market cap of $11.680 billion and a price-to-earnings ratio of 16.93.
Coca-Cola Enterprises (NYSE:CCE) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.78 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.77 earnings per share. Coca-Cola Enterprises’s revenue was up 8.2% compared to the same quarter last year. Analysts expect that Coca-Cola Enterprises will post $2.91 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 18th. Shareholders of record on Friday, September 5th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Wednesday, September 3rd.
Coca-Cola Enterprises, Inc (NYSE:CCE) markets, produces, and distributes nonalcoholic beverages.
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