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

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 lower today making it today's featured Food & Beverage laggard. The industry as a whole closed the day down 0.4%. By the end of trading, Coca-Cola fell $0.46 (-1.1%) to $40.26 on average volume. Throughout the day, 2,572,955 shares of Coca-Cola exchanged hands as compared to its average daily volume of 2,205,600 shares. The stock ranged in price between $39.99-$40.61 after having opened the day at $40.57 as compared to the previous trading day's close of $40.72. Other companies within the Food & Beverage industry that declined today were: Castle Brands Incorporated ( ROX), down 10.5%, China Marine Food Group ( CMFO), down 7.6%, Omega Protein Corporation ( OME), down 4.0% and Bridgford Foods Corporation ( BRID), down 3.9%.

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 $10.8 billion and is part of the consumer goods sector. Shares are up 26.8% 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 positive front, Tianli Agritech ( OINK), up 27.4%, Tofutti Brands ( TOF), up 5.3%, Primo Water ( PRMW), up 4.0% and Constellation Brands ( STZ.B), up 3.1% , were all gainers within the food & beverage industry with Constellation Brands ( STZ) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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