National Pension Service Purchases 27,411 Shares of Coca-Cola Europacific Partners $CCEP

National Pension Service raised its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 27.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 128,006 shares of the company’s stock after purchasing an additional 27,411 shares during the quarter. National Pension Service’s holdings in Coca-Cola Europacific Partners were worth $11,573,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CCEP. Mather Group LLC. bought a new position in shares of Coca-Cola Europacific Partners during the 3rd quarter worth $31,000. First Command Advisory Services Inc. grew its holdings in shares of Coca-Cola Europacific Partners by 1,800.0% during the third quarter. First Command Advisory Services Inc. now owns 361 shares of the company’s stock valued at $33,000 after buying an additional 342 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Coca-Cola Europacific Partners by 61.3% in the second quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $34,000 after purchasing an additional 138 shares during the period. Westerkirk Capital Inc. purchased a new position in Coca-Cola Europacific Partners during the 2nd quarter worth approximately $37,000. Finally, MAI Capital Management lifted its position in Coca-Cola Europacific Partners by 113.4% during the second quarter. MAI Capital Management now owns 414 shares of the company’s stock valued at $38,000 after purchasing an additional 220 shares during the period. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Trading Up 0.5%

Shares of CCEP stock opened at $92.20 on Tuesday. Coca-Cola Europacific Partners has a 12 month low of $76.97 and a 12 month high of $100.67. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 1.15. The firm has a fifty day moving average price of $90.38 and a 200 day moving average price of $90.86.

Coca-Cola Europacific Partners Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CCEP. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $114.00 target price on shares of Coca-Cola Europacific Partners in a research report on Thursday, January 8th. Bank of America reissued a “neutral” rating and set a $96.00 price target (down previously from $102.00) on shares of Coca-Cola Europacific Partners in a research report on Wednesday, January 14th. UBS Group decreased their price target on Coca-Cola Europacific Partners from $105.00 to $103.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Finally, Barclays reissued an “overweight” rating and issued a $101.00 target price on shares of Coca-Cola Europacific Partners in a research report on Friday, January 16th. Six analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and a consensus target price of $100.80.

Coca-Cola Europacific Partners Company 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.