Coca-Cola Enterprises Inc.NYSE
Coca-Cola Enterprises: The Glass May Be Half-Empty
Timberwolf Equity Research • 11 Comments
Timberwolf Equity Research • 11 Comments
Thu, Oct. 20, 1:08 PM
Thu, Sep. 29, 3:34 PM
- It don't take long after shareholders at Anheuser-Busch (BUD -1.4%) and SABMiller (OTCPK:SBMRY) formally agreed to a mega-merger before talk of what's the next M&A move cropped up with plenty of heavy hitters holding shares.
- Both HSBC and Stifel Nicolaus think Coca-Coca (KO -0.1%) will be the next target for the beer behemoth, perhaps even sooner than some may think. The synergy math could be stunning if all the complications of an acquisition are worked out.
- On the bottling side, the integration of SABMiller into A-B has plenty of implications for the sector, even more so if speculation over a Coca-Cola deal escalates.
- Related bottling stocks: COKE, CCE, KOF, OTC:COCSF, OTC:COKEB, OTCPK:CCLAY, OTCPK:CCLAF.
Thu, Sep. 29, 6:46 AM
Thu, Sep. 22, 7:44 AM
Mon, Sep. 19, 8:28 AM
- Coca-Cola European Partners (NYSE:CCE) is rated at Neutral by Susquehanna and assigned a price target range of $37 to $43 ahead of the company's Q2 earnings report due out on Thursday.
- "We believe proforma volume trends will be the main driver of the stock on Thursday, and that these are likely to disappoint," advises analyst Pablo Zuanic.
- "If lackluster 2Q top line trends are maintained in 3Q and 4Q, we would see downside to 2016 EPS guidance (we are at $2.13 vs. $2.28 implied guidance)," writes Zuanic in his CCE update.
Mon, Aug. 15, 2:05 PM| Mon, Aug. 15, 2:05 PM
Fri, Jun. 24, 11:05 AM
- Among consumer stocks covered by Susquehanna, the analysts say Mondelez (MDLZ -4.3%) and Coca-Cola European Partners (CCE -5.4%), along with Sodastream (SODA -2.7%), have the greatest earnings downside from a euro and pound that have gotten, well, pounded.
- The euro is currently down 2.3% against the dollar, while the pound is down 8.5%.
- "For those seeking to buy the dip, we would prefer MDLZ over CCE," the firm says, noting that 100% of CCE's revenues are exposed to those two currencies, it faces structural risks, and Coca-Cola's 48% ownership of CCE makes it an unlikely acquisition target.
- Acquisitive companies with U.S. dollar assets could go hunting in Europe, the analysts say, pointing to likely suitor Kraft Heinz (KHC -1.8%) -- a top pick for the firm, along with TreeHouse Foods (THS -0.6%) and Molson Coors (TAP -3.3%).
- Meanwhile, the possible ascendance of UKIP leader Nigel Farage in the UK or "anything that makes a Donald Trump presidency more likely" is bad for Mexico-heavy Constellation Brands (STZ -1.2%).
Mon, Jun. 20, 8:22 AM
- Susquehanna analyst Pablo Zuanic notes that SodaStream (NASDAQ:SODA), Mondelez International (NASDAQ:MDLZ), and Coca-Cola Enteprises (NYSE:CCE) face the most risk in the food and beverage sector from a British exit from the European Union.
- The Euro/Pound exposure of the three stocks is significantly higher than the average in the sector.
- Polls over the weekend showed a big swing toward the "remain" option which could calm concerns on SODA, CCE, and MDLZ. All three are stocks are higher in premarket trading amid a broad rally.
Thu, Jun. 9, 11:06 AM
- Coca-Cola Enterprises (CCE -0.6%) is tagged by 24/7 Wall Street as one of Merrill Lynch Bank of America's US Portfolio 1 stock picks that offers a "good play" for total return.
- Coca-Cola Enterprises recently merged with Coca-Cola Erfrischungsgetränke and Coca-Cola Iberian Partners which prompted its boot from the S&P 500 Index. The resulting index-related selling on CCE may have created a nice entry point.
Tue, May 31, 12:50 PM
Tue, May 31, 12:01 PM
Tue, May 31, 9:15 AM
Tue, May 31, 7:15 AM
- Evercore ISI upgrades Coca-Cola Enterprises (NYSE:CCE) to a Buy rating from Hold on a favorable view of the risk-reward profile of the beverage stock.
- The investment firm sets a price target of $45 on CCE.
- Shares of Coca-Cola Enterprises are up 4.7% YTD.
Tue, May 24, 5:35 PM
- Arthur J. Gallagher (AJG +1.2%) is heading to the S&P 500, to replace Coca-Cola Enterprises (NYSE:CCE).
- That move is effective after Friday's close, when the bottling operation is expected to close on a merger with Coca-Cola Iberian Partners and Coca-Cola Erfrischungsgetränke, into Coca-Cola European Partners -- which will be ineligible for the index as it will be domiciled in Spain.
- At the same time, SmallCap 600 constituent Education Realty Trust (NYSE:EDR) will take Gallagher's place in the Midcap 400, and American Axle & Manufacturing Holdings (NYSE:AXL) will replace EDR in the SmallCap 600.
- After hours: AJG +0.5%; CCE -0.6%; EDR +1.2%; AXL +4.6%.
Thu, Apr. 28, 7:31 AM
- Coca-Cola Enterprises (NYSE:CCE): Q1 EPS of $0.41 beats by $0.01.
- Revenue of $1.52B (-6.7% Y/Y) misses by $20M.
Wed, Apr. 27, 5:30 PM
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