Valley National Advisers Inc. Purchases Shares of 22,592 Coca-Cola Europacific Partners $CCEP

Valley National Advisers Inc. purchased a new position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) during the 3rd quarter, Holdings Channel reports. The fund purchased 22,592 shares of the company’s stock, valued at approximately $2,042,000.

Other hedge funds also recently modified their holdings of the company. Swedbank AB raised its holdings in Coca-Cola Europacific Partners by 0.9% during the third quarter. Swedbank AB now owns 178,443 shares of the company’s stock worth $16,133,000 after acquiring an additional 1,624 shares in the last quarter. Optas LLC acquired a new position in shares of Coca-Cola Europacific Partners during the 3rd quarter worth approximately $370,000. Farther Finance Advisors LLC raised its stake in shares of Coca-Cola Europacific Partners by 14.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 8,225 shares of the company’s stock worth $744,000 after purchasing an additional 1,055 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 0.5% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 25,773 shares of the company’s stock valued at $2,330,000 after buying an additional 131 shares during the last quarter. Finally, Flputnam Investment Management Co. grew its stake in shares of Coca-Cola Europacific Partners by 6.2% in the third quarter. Flputnam Investment Management Co. now owns 3,988 shares of the company’s stock valued at $361,000 after buying an additional 232 shares in the last quarter. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Up 0.2%

Shares of Coca-Cola Europacific Partners stock opened at $91.69 on Friday. The business has a fifty day simple moving average of $90.79 and a two-hundred day simple moving average of $91.67. Coca-Cola Europacific Partners has a 1 year low of $73.40 and a 1 year high of $100.67. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 1.15.

Coca-Cola Europacific Partners Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, December 3rd. Investors of record on Friday, November 14th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a dividend yield of 277.0%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Friday, November 28th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.33.

Coca-Cola Europacific Partners Profile

Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.

The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.