Kepler Cheuvreux Suisse SA Decreases Stock Holdings in Coca-Cola Europacific Partners $CCEP

Kepler Cheuvreux Suisse SA lowered its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 18.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 66,513 shares of the company’s stock after selling 15,386 shares during the period. Kepler Cheuvreux Suisse SA’s holdings in Coca-Cola Europacific Partners were worth $6,029,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bayban bought a new stake in Coca-Cola Europacific Partners during the fourth quarter valued at about $25,000. Quarry LP raised its stake in 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 acquiring an additional 146 shares during the period. 1248 Management LLC bought a new stake in Coca-Cola Europacific Partners during the 4th quarter worth approximately $38,000. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its holdings in Coca-Cola Europacific Partners by 83.3% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock valued at $40,000 after purchasing an additional 200 shares in the last quarter. Finally, Fideuram Asset Management Ireland dac bought a new position in shares of Coca-Cola Europacific Partners in the fourth quarter worth approximately $55,000. Institutional investors own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Coca-Cola Europacific Partners Stock Performance

Shares of Coca-Cola Europacific Partners stock opened at $106.61 on Friday. The business has a 50-day moving average price of $95.89 and a 200-day moving average price of $95.50. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.60 and a current ratio of 0.80. Coca-Cola Europacific Partners has a twelve month low of $84.65 and a twelve month high of $110.90.

Coca-Cola Europacific Partners Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Friday, May 15th. This represents a 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.