Coca-Cola Enterprises Inc (CCE) : Svenska Handelsbanken Ab (publ) added new position in Coca-Cola Enterprises Inc during the most recent quarter end. The investment management firm now holds 244,388 shares of Coca-Cola Enterprises Inc which is valued at $12.9 Million , the company said in a statement filed on May 12, 2016 with the SEC.Coca-Cola Enterprises Inc makes up approximately 1.42% of Svenska Handelsbanken Ab (publ)’s portfolio.
Other Hedge Funds, Including , Mitsubishi Ufj Trust Banking Corp boosted its stake in CCE in the latest quarter, The investment management firm added 4,404 additional shares and now holds a total of 431,505 shares of Coca-Cola Enterprises Inc which is valued at $22.8 Million. Coca-Cola Enterprises Inc makes up approx 0.05% of Mitsubishi Ufj Trust Banking Corp’s portfolio.Tdam Usa reduced its stake in CCE by selling 760 shares or 5.15% in the most recent quarter. The Hedge Fund company now holds 13,991 shares of CCE which is valued at $756,214. Coca-Cola Enterprises Inc makes up approx 0.04% of Tdam Usa’s portfolio.Cambridge Investment Research Advisors reduced its stake in CCE by selling 120 shares or 1.59% in the most recent quarter. The Hedge Fund company now holds 7,428 shares of CCE which is valued at $401,483. Coca-Cola Enterprises Inc makes up approx 0.01% of Cambridge Investment Research Advisors’s portfolio.Calvert Investment Management boosted its stake in CCE in the latest quarter, The investment management firm added 1,259 additional shares and now holds a total of 15,496 shares of Coca-Cola Enterprises Inc which is valued at $837,559. Coca-Cola Enterprises Inc makes up approx 0.04% of Calvert Investment Management’s portfolio.
Coca-Cola Enterprises Inc opened for trading at $51.13 and hit $51.19 on the upside on Friday, eventually ending the session at $50.7, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 22,63,788 shares. Company has a market cap of $11,556 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 .
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.