Traders Sell Shares of Coca-Cola Enterprises Inc. (CCE) on Strength (CCE)
Traders sold shares of Coca-Cola Enterprises Inc. (NYSE:CCE) on strength during trading on Tuesday. $9.83 million flowed into the stock on the tick-up and $29.33 million flowed out of the stock on the tick-down, for a money net flow of $19.50 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 $0.40 for the day and closed at $39.75
A number of brokerages have issued reports on CCE. Credit Suisse Group AG began coverage on Coca-Cola Enterprises in a research note on Thursday, September 15th. They issued a “neutral” rating for the company. Zacks Investment Research upgraded Coca-Cola Enterprises from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. Societe Generale upgraded Coca-Cola Enterprises from a “hold” rating to a “buy” rating in a research report on Tuesday, July 19th. Susquehanna restated a “hold” rating on shares of Coca-Cola Enterprises in a research report on Sunday, July 17th. Finally, Evercore ISI restated a “buy” rating on shares of Coca-Cola Enterprises in a research report on Sunday, June 26th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Coca-Cola Enterprises presently has a consensus rating of “Buy” and a consensus price target of $50.54.
The stock has a market capitalization of $19.40 billion, a price-to-earnings ratio of 27.60 and a beta of 1.06. The stock has a 50 day moving average of $38.62 and a 200 day moving average of $43.76.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Partners LLC increased its position in shares of Coca-Cola Enterprises by 0.4% in the first quarter. Advisor Partners LLC now owns 4,271 shares of the company’s stock worth $217,000 after buying an additional 16 shares during the period. CENTRAL TRUST Co increased its position in shares of Coca-Cola Enterprises by 1.6% in the second quarter. CENTRAL TRUST Co now owns 6,632 shares of the company’s stock worth $237,000 after buying an additional 107 shares during the period. Wetherby Asset Management Inc. increased its position in shares of Coca-Cola Enterprises by 2.5% in the second quarter. Wetherby Asset Management Inc. now owns 5,932 shares of the company’s stock worth $212,000 after buying an additional 145 shares during the period. Kwmg LLC increased its position in shares of Coca-Cola Enterprises by 2.1% in the second quarter. Kwmg LLC now owns 18,521 shares of the company’s stock worth $661,000 after buying an additional 384 shares during the period. Finally, Commonwealth Equity Services Inc increased its position in shares of Coca-Cola Enterprises by 12.1% in the first quarter. Commonwealth Equity Services Inc now owns 6,073 shares of the company’s stock worth $308,000 after buying an additional 654 shares during the period. Institutional investors and hedge funds own 27.13% of the company’s stock.
Coca-Cola Enterprises Company Profile
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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