Coca-Cola Enterprises Inc (CCE) : Risk Paradigm Group added new position in Coca-Cola Enterprises Inc during the most recent quarter end. The investment management firm now holds 6,526 shares of Coca-Cola Enterprises Inc which is valued at $344,834 , the company said in a statement filed on May 11, 2016 with the SEC.Coca-Cola Enterprises Inc makes up approximately 0.44% of Risk Paradigm Group’s portfolio.
Other Hedge Funds, Including , Focused Wealth Management Inc boosted its stake in CCE in the latest quarter, The investment management firm added 7 additional shares and now holds a total of 1,096 shares of Coca-Cola Enterprises Inc which is valued at $57,913. Coca-Cola Enterprises Inc makes up approx 0.03% of Focused Wealth Management Inc’s portfolio.First Trust Advisors Lp reduced its stake in CCE by selling 400,586 shares or 31.44% in the most recent quarter. The Hedge Fund company now holds 873,696 shares of CCE which is valued at $46.2 Million. Coca-Cola Enterprises Inc makes up approx 0.15% of First Trust Advisors Lp’s portfolio.California Public Employees Retirement System boosted its stake in CCE in the latest quarter, The investment management firm added 50,300 additional shares and now holds a total of 590,916 shares of Coca-Cola Enterprises Inc which is valued at $31.9 Million. Coca-Cola Enterprises Inc makes up approx 0.05% of California Public Employees Retirement System’s portfolio.Tokio Marine Asset Management Co Ltd reduced its stake in CCE by selling 1,206 shares or 14.41% in the most recent quarter. The Hedge Fund company now holds 7,162 shares of CCE which is valued at $387,106. Coca-Cola Enterprises Inc makes up approx 0.04% of Tokio Marine Asset Management Co Ltd’s portfolio.
Coca-Cola Enterprises Inc opened for trading at $52.54 and hit $53.1 on the upside on Monday, eventually ending the session at $52.74, with a gain of 0.38% or 0.2 points. The heightened volatility saw the trading volume jump to 15,51,406 shares. Company has a market cap of $12,021 M.
On the company’s financial health, Coca-Cola Enterprises Inc reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.40. The company had revenue of $1517.00 million for the quarter, compared to analysts expectations of $1542.60 million. The company’s revenue was down -7.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.42 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.