Coca-Cola Enterprises Inc (CCE): Today's Featured Consumer Goods 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 Consumer Goods sector lower today making it today's featured Consumer Goods laggard. The sector as a whole closed the day up 0.6%. By the end of trading, Coca-Cola fell $0.43 (-1.0%) to $41.57 on average volume. Throughout the day, 2,928,907 shares of Coca-Cola exchanged hands as compared to its average daily volume of 2,171,400 shares. The stock ranged in price between $41.41-$42.05 after having opened the day at $41.96 as compared to the previous trading day's close of $42.00. Other companies within the Consumer Goods sector that declined today were: SGOCO Group ( SGOC), down 7.3%, Forward Industries ( FORD), down 6.6%, Synutra International ( SYUT), down 5.2% and Elecsys Corporation ( ESYS), down 5.0%.

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 $10.7 billion and is part of the food & beverage industry. The company has a P/E ratio of 18.2, above the S&P 500 P/E ratio of 17.7. Shares are up 32.4% year to date as of the close of trading on Thursday. Currently there are 3 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 revenue growth, notable return on equity, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the positive front, Tandy Brands Accessories ( TBAC), up 20.6%, Agria Corporation ( GRO), up 12.0%, Castle Brands Incorporated ( ROX), up 10.7% and Fifth & Pacific Companies ( FNP), up 7.4% , were all gainers within the consumer goods sector with Herbalife ( HLF) being today's featured consumer goods sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer goods sector could consider iShares Dow Jones US Cons Goods ( IYK) while those bearish on the consumer goods sector could consider ProShares Ultra Sht Consumer Goods ( SZK).

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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