After spending much of the past six months at a less-than-impressive two-star rank, Coca-Cola Enterprises
As Coca-Cola Enterprises' recent deal with Coca-Cola
Shares of the company shot higher after the deal was announced, helped by the one-time $10-per-share payment shareholders will receive, and other juicy benefits the bottler will gain. With less debt on the books, credit ratings firms like Moody's indicated that they may view the company in a less risky light, which will position Coca-Cola Enterprises better for investment in expansion.
The deal follows a year of strong free cash flow for Coca-Cola Enterprises, and its third consecutive year of increasing profits in Europe. While companies such as Kraft
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Fool contributor Dave Mock owns shares of Coca Cola. Berkshire Hathaway and Coca-Cola are Inside Value recommendations. Hansen Natural is a Rule Breakers pick. Berkshire Hathaway is a Stock Advisor recommendation. Coca-Cola, Pepsico, and Procter & Gamble are Income Investor picks. Motley Fool Options has recommended a diagonal call position on Pepsico. The Fool owns shares of Berkshire Hathaway and Procter & Gamble. The Fool's disclosure policy is in rehab for too many energy-drink binges on the job.