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 0.1%. By the end of trading, Coca-Cola fell 56 cents (-1.8%) to $31.48 on heavy volume. Throughout the day, 4.1 million shares of Coca-Cola exchanged hands as compared to its average daily volume of 2.4 million shares. The stock ranged in price between $31.44-$32.33 after having opened the day at $32.15 as compared to the previous trading day's close of $32.04. Other companies within the Food & Beverage industry that declined today were: Central Garden & Pet Company ( CENTA), down 15.6%, Central Garden & Pet Company ( CENT), down 13.6%, National Beverage Corporation ( FIZZ), down 3.2%, and G. Willi-Food International ( WILC), down 3.1%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

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 $9.15 billion and is part of the consumer goods sector. The company has a P/E ratio of 14, below the S&P 500 P/E ratio of 17.7. Shares are up 23.7% year to date as of the close of trading on Tuesday. Currently there are five analysts that rate Coca-Cola a buy, one analyst rates it a sell, and five 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.

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).

Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.
null

If you liked this article you might like

Maybe This Is Not Really About Inflation -- Market Recon

Maybe This Is Not Really About Inflation -- Market Recon

For Disney, Content Is King: Market Recon

For Disney, Content Is King: Market Recon

Equifax CEO Should Have Been Shown the Door Way Earlier -- Here's Why He Wasn't

Equifax CEO Should Have Been Shown the Door Way Earlier -- Here's Why He Wasn't

Equifax CEO and Board Are Pretty Cozy

Equifax CEO and Board Are Pretty Cozy

Finding Bullish and Bearish Stock Reversals

Finding Bullish and Bearish Stock Reversals