Hsbc Holdings PLC Has $10.38 Million Stock Holdings in Coca-Cola Europacific Partners $CCEP

Hsbc Holdings PLC trimmed its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 77.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 114,139 shares of the company’s stock after selling 391,670 shares during the quarter. Hsbc Holdings PLC’s holdings in Coca-Cola Europacific Partners were worth $10,384,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter valued at $363,294,000. Invesco Ltd. raised its holdings in shares of Coca-Cola Europacific Partners by 31.6% during the 3rd quarter. Invesco Ltd. now owns 15,610,379 shares of the company’s stock worth $1,411,334,000 after buying an additional 3,751,430 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Coca-Cola Europacific Partners by 310.4% during the 3rd quarter. Lazard Asset Management LLC now owns 2,329,999 shares of the company’s stock worth $210,802,000 after buying an additional 1,762,299 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Coca-Cola Europacific Partners by 32.8% during the 2nd quarter. Bank of America Corp DE now owns 2,870,553 shares of the company’s stock worth $266,158,000 after buying an additional 709,723 shares during the last quarter. Finally, Man Group plc boosted its stake in Coca-Cola Europacific Partners by 219.8% in the second quarter. Man Group plc now owns 1,001,770 shares of the company’s stock valued at $92,884,000 after buying an additional 688,506 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Coca-Cola Europacific Partners Stock Up 0.8%

NASDAQ:CCEP opened at $99.60 on Friday. Coca-Cola Europacific Partners has a one year low of $84.65 and a one year high of $110.90. 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 simple moving average is $95.06 and its 200 day simple moving average is $94.96.

Coca-Cola Europacific Partners Announces Dividend

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

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.