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Health push sends investors negative on Coca-Cola Amatil Ltd (ASX:CCL) shares

An overall global healthy eating push continues to hit carbonated soft drink manufacturer Coca-Cola Amatil Ltd (ASX: CCL) where it hurts, as its shares have dropped below prices at this time last year.

Coca-Cola shares were down 1% to $8.61 at the time of writing, a drop of 8% from its share price of $9.36 at this time last year with plenty of volatile patches in between as consumers worldwide continue to shift away from “unhealthy” fizzy drinks.

Several brokers have a sell rating on the stock at present, with concerns the current headwinds will remain a problem for some time after Coca-Cola’s annual report in March indicated an improved trajectory in its Australian beverages segment was insufficient to offset challenges experienced.

Elsewhere in the food and beverage space the likes of Treasury Wine Estates Ltd (ASX: TWE) have also experienced a drop in share price of late after the global wine company reported complications with its lucrative Chinese operations due to export certificate issues.

Treasury shares were up slightly at $16.68 at the time of writing, but are still well below its May 9 high of $19.63.

Bellamy’s Australia Ltd (ASX: BAL) and A2 Milk Company Ltd (ASX: A2M) have continued to perform well off the back of success on a global front, with Bellamy’s shares zooming up 200% over the last 12 months and A2 Milk shares opening up 0.4% to $10.04 today.

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Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of A2 Milk. The Motley Fool Australia has recommended Coca-Cola Amatil Limited and Treasury Wine Estates Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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