John Brock Sells 218807 Shares of Coca-Cola Enterprises Stock
Following the transaction, the chief executive officer now directly owns 768,072 shares of the company’s stock, valued at approximately $39,363,690. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
A number of analysts have recently weighed in on KO shares. Nomura increased their price target on shares of Coca-Cola from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday. Vetr cut shares of Coca-Cola from a “buy” rating to a “hold” rating and set a $43.45 price objective for the company.in a report on Tuesday. Barclays raised their price target on Coca-Cola Enterprises from $48.00 to $49.00 and gave the company an “equal weight” rating in a report on Friday, July 31st.
Out of 8 analysts covering Coca-Cola HBC (LON:CCH), 0 rate it “Buy”, 2 “Sell”, while 6 “Hold”.
Consolidated (NASDAQ:COKE)’s share price traded down 10.3% during mid-day trading on Wednesday following a weaker than expected earnings announcement, MarketBeat.com reports.
Coca-Cola Enterprises, Inc.is up 0.59% in the last 3-month period. During the year ended December 31, 2011, products licensed to the Company through TCCC and its affiliates represented greater than 90% of its volume, with the remainder of its volume being attributable to sales of non-TCCC products.
The stock has a market cap of $1.64 billion and a PE ratio of 36.99.
Coca-Cola HBC (LON:CCH) has a 50 day moving average of 1434.16 and a 200 day moving average of 1332.17. GBX 1550 is the highest target while GBX 1 is the lowest.
Coca-Cola Enterprises (NYSE:CCE) last released its earnings results on Thursday, October 29th. The company had revenue of $11.43 billion for the quarter, compared to the consensus estimate of $11.60 billion. Analysts on the Street are anticipating earnings of $0.52 per share for the quarter. The business’s quarterly revenue was down 14.7% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. The ex-dividend date is Friday, November 27th.
After markets closed Tuesday, the bottler reported a net income of $25.6 million, up from $12.1 million in the same quarter in 2014. The Company produces, sells and distributes Coca-Cola, a beverage brand, and a brand of non-alcoholic ready-to-drink beverages. The Company’s drink products offered to consumers around the entire world are made by it through its network of Business-owned or managed bottling and supply operations, as well as independent bottling partners, distributors, wholesalers and retailers.
Coca-Cola HBC, the Switzerland-based firm that controls the franchise for the brand’s products in 28 countries across Europe and parts of Africa, said that the poor performance in Ireland, Russian Federation and Belarus was offset by gains in Nigeria and Italy.