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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Coca-Cola ( CCE) pushed the Food & Beverage industry higher today making it today's featured food & beverage winner. The industry as a whole closed the day up 0.6%. By the end of trading, Coca-Cola rose $0.49 (1.3%) to $38.34 on light volume. Throughout the day, 1,518,004 shares of Coca-Cola exchanged hands as compared to its average daily volume of 2,662,700 shares. The stock ranged in a price between $37.92-$38.46 after having opened the day at $38.09 as compared to the previous trading day's close of $37.85. Other companies within the Food & Beverage industry that increased today were: Primo Water ( PRMW), up 9.6%, Crumbs Bake Shop ( CRMB), up 8.8%, Reeds ( REED), up 4.9% and Omega Protein Corporation ( OME), up 4.8%.

Coca-Cola Enterprises, Inc. produces, distributes, and markets nonalcoholic beverages. It provides still and sparkling waters, flavored waters, juice and juice drinks, sports drinks, energy drinks, teas, and coffees. Coca-Cola has a market cap of $10.5 billion and is part of the consumer goods sector. Shares are up 19.3% year to date as of the close of trading on Wednesday. Currently there are 5 analysts that rate Coca-Cola a buy, 1 analyst rates it a sell, and 5 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 and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Central Garden & Pet Company ( CENT), down 15.6%, Central Garden & Pet Company ( CENTA), down 14.1%, Castle Brands Incorporated ( ROX), down 8.4% and Craft Brew Alliance ( BREW), down 4.6% , were all laggards within the food & beverage industry with Dean Foods Company ( DF) being today's food & beverage industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

FTC Chair Says Agency Is Ready to Take on Big Tech; Walgreens Joins Dow -- ICYMI

FTC Chair Says Agency Is Ready to Take on Big Tech; Walgreens Joins Dow -- ICYMI

Dow Gets Swept Into Nasty Reversal Even as Nasdaq Posts New Record

Dow Gets Swept Into Nasty Reversal Even as Nasdaq Posts New Record

Zoom CEO Eric Yuan Leads Glassdoor's List of Top 100 CEOs

Zoom CEO Eric Yuan Leads Glassdoor's List of Top 100 CEOs

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

REPLAY: Jim Cramer on Fed Rate Hikes, Oil Prices and Starbucks Worries

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists