Coca-Cola Co. said it would sign a 10-year bottling deal with the new company, with an option to renew for an additional 10 years. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The director, of Coca-Cola Enterprises, Inc., Darden Calvin had unloaded 12,399 shares at $45 per share in a transaction on July 13, 2015. Susquehanna decreased their price objective on shares of Coca-Cola Enterprises from $33.00 to $28.00 and set a “negative” rating on the stock in a research report on Thursday, May 21st.
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The remaining 48% will be held by CCE. (WFM) of the Services sector is up 0.06% trading at a volume of 407725 shares. Coca-Cola Enterprises Inc.is up 14.04% in the last 3-month period.
On a technical level the stock has a 50 Day Moving Average of 40.378.
Coca-Cola Enterprises (NYSE:CCE) has earned an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, AnalystRatings.Net reports. The 52-week high of the share price is $52.3 and the company has a market cap of $11,573 million. The number of analysts in this rating is 12. Finally, Zacks upgraded shares of Coca-Cola Enterprises from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Monday. The company has a market capitalization of $12.08 billion and a P/E ratio of 19.87. Holowesko Partners Ltd. is another quite bullish investment manager who is owning 1.20M shares of Coca-Cola Enterprises Inc. or 4.12% of their long stock exposure. The company reported $0.84 EPS for the quarter, missing the analysts’ consensus estimate of $0.88 by $0.04. During the same quarter in the prior year, the company posted $0.90 earnings per share. The business’s quarterly revenue was down 17.4% compared to the same quarter a year ago. The ex-dividend date of this dividend is Wednesday, September 2nd. Telefonica Brasil S.A. (VIV)’S monthly performance stands at -12.350% with an analyst rating of 2.1 and dividend yield of 2.03%.
Damian Gammell, now Beverage Group President and CEO of brewer Anadolu Efes (and previous CEO of Coca-Coa Erfrischungsgetränke) will become Coca-Cola Enterprises’ chief operating officer in the autumn, which will lead to the same position with Coca-Cola European Partners upon closing.
Coca-Cola European Partners will cover Andorra, Belgium, Iceland, Luxembourg, Monaco, Norway, Portugal, Sweden and the Netherlands, in addition to the four main markets of Germany, Spain, Great Britain and France.
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“The creation of a larger, unified Coca-Cola bottling partner in western Europe represents an important step in our global system’s evolution”, Coca-Cola Co. The Companys portfolio consist of Coca-Cola, Fanta, Sprite, Del Valle, and other brands of The Coca-Cola Company.
