Coca-Cola Enterprises Inc(NYSE:CCE) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Mar 21, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $2.784B. Analysts estimated a revenue of $2.720B. The revenues were 2.35% above the estimates. Earnings per share were $0.46. The reported EPS was above estimates by 2.22%. Analysts had estimated an EPS of $0.45.
In a different note, Argus Research said it Initiates Coverage On Coca-Cola Enterprises Inc, according to a research note issued on Mar 7, 2017. In the research note, the firm Announces the price-target to $44 per share. The shares have been rated ‘Buy’ by the firm. On Jan 11, 2017, UBS said it Upgrades its rating on Coca-Cola Enterprises Inc. According to the research note, UBS Raises the price target to $38 per share from a prior target of $35. The shares have been rated ‘Buy’ by the firm. Barclays said it Initiates Coverage On Coca-Cola Enterprises Inc, according to a research note issued on Jan 9, 2017. The shares have been rated ‘Overweight’ by the firm.
Coca-Cola Enterprises Inc (CCE) made into the market gainers list on Fridays trading session with the shares advancing 0.78% or 0.29 points. Due to strong positive momentum, the stock ended at $37.69, which is also near the day’s high of $37.89. The stock began the session at $37.18 and the volume stood at 20,86,584 shares. The 52-week high of the shares is $54.54 and the 52 week low is $30.55. The company has a current market capitalization of $18,187 M and it has 48,25,51,980 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Mar 3, 2016, John Brock (Chairman and CEO) sold 590,779 shares at $48.64 per share price.Also, On Jul 14, 2015, Calvin Darden (director) sold 12,399 shares at $45.00 per share price.On May 4, 2015, Suzanne D Patterson (VP, Controller & CAO) sold 3,312 shares at $45.96 per share price, according to the Form-4 filing with the securities and exchange commission.
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.