EJMK Ventures LLC Takes $497,000 Position in Coca-Cola Europacific Partners $CCEP

EJMK Ventures LLC acquired a new stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,475 shares of the company’s stock, valued at approximately $497,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP boosted its stake in shares of Coca-Cola Europacific Partners by 59.1% during the 4th quarter. Quarry LP now owns 393 shares of the company’s stock worth $36,000 after purchasing an additional 146 shares during the period. 1248 Management LLC bought a new position in Coca-Cola Europacific Partners during the 4th quarter valued at about $38,000. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in Coca-Cola Europacific Partners by 83.3% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock worth $40,000 after purchasing an additional 200 shares during the period. Fideuram Asset Management Ireland dac purchased a new stake in Coca-Cola Europacific Partners in the 4th quarter worth about $55,000. Finally, Geneos Wealth Management Inc. lifted its stake in Coca-Cola Europacific Partners by 23.9% in the first quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock worth $70,000 after purchasing an additional 156 shares during the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

Shares of Coca-Cola Europacific Partners stock opened at $96.93 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23. The firm’s 50-day moving average is $94.98 and its two-hundred day moving average is $94.75. Coca-Cola Europacific Partners has a 1 year low of $84.65 and a 1 year high of $110.90.

Coca-Cola Europacific Partners Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 15th were paid a dividend of $0.82 per share. This represents a dividend yield of 213.0%. The ex-dividend date was Friday, May 15th.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Barclays boosted their target price on Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Wells Fargo & Company began coverage on Coca-Cola Europacific Partners in a research report on Friday, June 12th. They issued an “overweight” rating and a $110.00 price objective on the stock. UBS Group lifted their target price on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings lowered shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 18th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and an average price target of $106.50.

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.