Coca-Cola Enterprises Inc (CCE): Today's Featured Food & Beverage Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Coca-Cola ( CCE) pushed the Food & Beverage industry lower today making it today's featured Food & Beverage laggard. The industry as a whole closed the day down 0.3%. By the end of trading, Coca-Cola fell 41 cents (-1.3%) to $30.10 on average volume. Throughout the day, 2.2 million shares of Coca-Cola exchanged hands as compared to its average daily volume of 2.2 million shares. The stock ranged in price between $30.08-$30.59 after having opened the day at $30.37 as compared to the previous trading day's close of $30.51. Other companies within the Food & Beverage industry that declined today were: Central European Distribution ( CEDC), down 22.2%, Primo Water ( PRMW), down 8%, Synutra International ( SYUT), down 6.4%, and Craft Brew Alliance ( BREW), down 5.3%.
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Coca-Cola Enterprises, Inc. produces, distributes, and markets nonalcoholic beverages. It provides still and sparkling waters, juices, sports drinks, juice drinks, coffee-based beverages, and teas. Coca-Cola Enterprises, Inc. Coca-Cola has a market cap of $8.71 billion and is part of the consumer goods sector. The company has a P/E ratio of 13.4, below the S&P 500 P/E ratio of 17.7. Shares are up 17.6% year to date as of the close of trading on Monday. Currently there are six analysts that rate Coca-Cola a buy, no analysts rate it a sell, and six rate it a hold.

TheStreet Ratings rates Coca-Cola as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Diamond Foods ( DMND), up 14.4%, Golden ( GLDC), up 4.9%, Dole Food ( DOLE), up 3.3%, and Monster Beverage ( MNST), up 2.7%, were all gainers within the food & beverage industry with Mead Johnson Nutrition Company ( MJN) being today's featured food & beverage industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the food & beverage industry could consider PowerShares Dynamic Food & Beverage ( PBJ) while those bearish on the food & beverage industry could consider PowerShares DB Agriculture Sht ETN ( ADZ).

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