Hhg Company Lowers stake in Coca-Cola Enterprises Inc (CCE)

Coca-Cola Enterprises Inc (CCE) : Hhg Company reduced its stake in Coca-Cola Enterprises Inc by 43.81% during the most recent quarter end. The investment management company now holds a total of 744,515 shares of Coca-Cola Enterprises Inc which is valued at $38,588,212 after selling 580,578 shares in Coca-Cola Enterprises Inc , the firm said in a disclosure report filed with the SEC on Apr 20, 2016.Coca-Cola Enterprises Inc makes up approximately 10.53% of Hhg Company’s portfolio.

Coca-Cola Enterprises Inc opened for trading at $51.77 and hit $52.03 on the upside on Friday, eventually ending the session at $51.83, with a gain of 0.17% or 0.09 points. The heightened volatility saw the trading volume jump to 18,89,045 shares. Company has a market cap of $11,783 M.

Other Hedge Funds, Including , Oakbrook Investments boosted its stake in CCE in the latest quarter, The investment management firm added 1,400 additional shares and now holds a total of 22,417 shares of Coca-Cola Enterprises Inc which is valued at $1,203,120. Coca-Cola Enterprises Inc makes up approx 0.08% of Oakbrook Investments’s portfolio.Somerset Trust Co reduced its stake in CCE by selling 170 shares or 0.47% in the most recent quarter. The Hedge Fund company now holds 35,742 shares of CCE which is valued at $1,918,273. Coca-Cola Enterprises Inc makes up approx 1.26% of Somerset Trust Co’s portfolio.State Of Alaska Department Of Revenue reduced its stake in CCE by selling 15,460 shares or 59.35% in the most recent quarter. The Hedge Fund company now holds 10,590 shares of CCE which is valued at $568,365. Coca-Cola Enterprises Inc makes up approx 0.06% of State Of Alaska Department Of Revenue’s portfolio.

On the company’s financial health, Coca-Cola Enterprises Inc reported $0.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 11, 2016. Analyst had a consensus of $0.51. The company had revenue of $1630.00 million for the quarter, compared to analysts expectations of $1628.36 million. The company’s revenue was down -15.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.58 EPS.

Many Wall Street Analysts have commented on Coca-Cola Enterprises Inc. Stifel Upgraded Coca-Cola Enterprises Inc on Apr 14, 2016 to ” Buy”, Price Target of the shares are set at $65.Company shares were Reiterated by UBS on Apr 13, 2016 to “Neutral”, Firm has raised the Price Target to $ 57 from a previous price target of $55 .Shares were Reiterated by UBS on Feb 12, 2016 to “Neutral” and Lowered the Price Target to $ 51 from a previous price target of $52 .

Coca-Cola Enterprises Inc. (CCE) markets produces and distributes non-alcoholic beverages. The Company serves a market of approximately 170 million consumers throughout Belgium continental France Great Britain Luxembourg Monaco the Netherlands Norway and Sweden. The Company is The Coca-Cola Company’s (TCCC) bottling partner in Western Europe. The Company has bottling rights within its territories for various beverage brands including products with the name Coca-Cola. The Company purchases concentrates and syrups from TCCC and other licensors to manufacture products. In addition it purchases sweeteners juices mineral waters finished product carbon dioxide fuel PET (plastic) preforms glass aluminum and plastic bottles aluminum and steel cans pouches closures post-mix and packaging materials. The Company’s beverage portfolio includes Coca-Cola Diet Coke/Coca-Cola light Coca-Cola Zero Fanta and Capri-Sun among others.

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