Market Runner: Coca-cola Refreshments USA Inc (NYSE:CCE) Move Down as Institutional Investors’ Sentiment Worsens

November 28, 2016 - By Ruchi Gupta   ·   0 Comments

Market Runner: Coca cola Refreshments USA Inc (NYSE:CCE) Move Down as Institutional Investors' Sentiment  Worsens

Sentiment for Coca-cola Refreshments USA Inc (NYSE:CCE)

Coca-cola Refreshments USA Inc (NYSE:CCE) institutional sentiment increased to 0.14 in Q2 2016. Its up 0.13, from 0.01 in 2016Q1. The ratio is positive, as 4 active investment managers increased or started new equity positions, while 372 sold and reduced positions in Coca-cola Refreshments USA Inc. The active investment managers in our partner’s database now own: 1.93 million shares, down from 187.11 million shares in 2016Q1. Also, the number of active investment managers holding Coca-cola Refreshments USA Inc in their top 10 equity positions decreased from 5 to 0 for a decrease of 5. Sold All: 370 Reduced: 2 Increased: 2 New Position: 2.

About 639,497 shares traded hands. Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) has declined 35.52% since April 25, 2016 and is downtrending. It has underperformed by 41.54% the S&P500.

Analysts await Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) to report earnings on February, 9. They expect $0.45 EPS, down 15.09% or $0.08 from last year’s $0.53 per share. CCE’s profit will be $215.98M for 18.71 P/E if the $0.45 EPS becomes a reality. After $0.74 actual EPS reported by Coca-Cola European Partners plc Ordinary Shares for the previous quarter, Wall Street now forecasts -39.19% negative EPS growth.

According to Zacks Investment Research, “Coca-Cola European Partners PLC is a consumer packaged goods company. It is engaged in producing, distributing and marketing nonalcoholic ready-to-drink beverages. It operates primarily in Andorra, Belgium, continental France, Germany, Great Britain, Luxembourg, Monaco, the Netherlands, Norway, Portugal, Spain and Sweden. Coca-Cola European Partners PLC, formerly known as Coca-Cola Enterprises Inc., is headquartered in Uxbridge, United Kingdom.”

Tourbillon Capital Partners L.P. holds 0.64% of its portfolio in Coca-Cola European Partners plc Ordinary Shares for 900,800 shares. Ar Asset Management Inc owns 27,000 shares or 0.4% of their US portfolio. Moreover, Green Square Capital Llc has 0.23% invested in the company for 26,654 shares. The New York-based Adirondack Research & Management Inc. has invested 0.16% in the stock. Palo Capital Inc., a California-based fund reported 11,306 shares.#img1#

Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) Ratings Coverage

Ratings analysis reveals 33% of Coca-Cola Enterprises Inc.’s analysts are positive. Out of 21 Wall Street analysts rating Coca-Cola Enterprises Inc., 7 give it “Buy”, 2 “Sell” rating, while 12 recommend “Hold”. The lowest target is $40 while the high is $60. The stock’s average target of $51.15 is 51.92% above today’s ($33.67) share price. CCE was included in 37 notes of analysts from August 3, 2015. Susquehanna upgraded it to “Neutral” rating and $43 target price in Friday, February 5 report. The company was downgraded on Thursday, August 6 by Argus Research. As per Wednesday, June 1, the company rating was maintained by CLSA. UBS maintained the stock with “Neutral” rating in Friday, February 12 report. On Wednesday, August 26 the stock rating was downgraded by Zacks to “Buy”. On Friday, August 7 the stock rating was downgraded by HSBC to “Hold”. The rating was initiated by Stifel Nicolaus with “Buy” on Wednesday, June 1. The stock has “Neutral” rating given by Citigroup on Friday, August 7. As per Tuesday, September 1, the company rating was downgraded by Zacks. The company was upgraded on Tuesday, May 31 by Evercore.

More notable recent Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) news were published by: Finance.Yahoo.com which released: “Coca-Cola European Partners Plc (CCE)” on April 11, 2014, also Businesswire.com with their article: “COCA-COLA European Partners Plc: Voting Rights and Capital” published on November 01, 2016, Businesswire.com published: “Coca-Cola Enterprises, Inc. Announces Approval of Prospectus Prepared by Coca …” on May 25, 2016. More interesting news about Coca-Cola European Partners plc Ordinary Shares (NYSE:CCE) were released by: Businesswire.com and their article: “Coca-Cola European Partners: Voting Rights and Capital” published on June 30, 2016 as well as Businesswire.com‘s news article titled: “Coca-Cola European Partners Plc Admission to Listing and Trading” with publication date: June 02, 2016.

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By Ruchi Gupta

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