Coca-Cola Enterprises (NYSE:CCE) produces, distributes, and markets nonalcoholic beverages.
Insider selling during the last 30 days
Here is a table of Coca-Cola Enterprises' insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Sold||Rule 10b5-1||Current Ownership||Decrease In Ownership|
|Laura Brightwell||SVP||May 2||5,660||Yes||22,474 shares||20.1%|
|Esat Sezer||SVP||May 2||16,325||Yes||5,495 shares||74.8%|
|Suzanne Patterson||CAO||May 2||11,235||Yes||0 shares||100%|
|Thomas Johnson||Director||April 28||3,500||No||13,000 shares||21.2%|
There have been 36,720 shares sold by insiders during the last 30 days. Laura Brightwell, Esat Sezer, and Suzanne Patterson sold shares pursuant to a Rule 10b5-1 plan. More details about the Rule 10b5-1 trading plan can be found from this link.
Insider selling by calendar month
Here is a table of Coca-Cola Enterprises' insider activity by calendar month.
|Month||Insider selling / shares||Insider buying / shares|
There have been 459,127 shares sold, and there have been zero shares purchased by insiders since January 2013.
Coca-Cola Enterprises reported the first-quarter financial results on April 24 with the following highlights:
|Net income||$115 million|
The four insiders sold their shares after these results.
Coca-Cola Enterprises' revenue growth peaked in 2011.
Coca-Cola Enterprises' 2014 guidance is as follows:
|Net sales growth||low single digit|
|Free cash flow||$650 million|
|Qtrly Rev Growth (yoy):||0.01||-0.02||0.00||0.00|
|PEG (5 yr expected):||1.49||19.99||5.91||2.62|
Coca-Cola Enterprises has the lowest gross margin among these four companies.
Here is a table of these competitors' insider activities this year.
|Company||Insider buying / shares||Insider selling / shares|
Only Coca-Cola Enterprises has seen intensive insider selling during the last 30 days.
There have been four different insiders selling Coca-Cola Enterprises, and there have not been any insiders buying Coca-Cola Enterprises during the last 30 days. All four of these insiders decreased their holdings by more than 10%. Coca-Cola Enterprises has an insider ownership of 6.98%.
Before going short Coca-Cola Enterprises, I would like to get a bearish confirmation from the Point & Figure chart. The two main reasons for the proposed short entry are weak revenue growth, and the intensive insider-selling activity.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.