Coca-Cola Europacific Partners $CCEP Shares Acquired by Inceptionr LLC

Inceptionr LLC increased its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 65.0% in the first quarter, HoldingsChannel reports. The firm owned 16,195 shares of the company’s stock after buying an additional 6,377 shares during the quarter. Inceptionr LLC’s holdings in Coca-Cola Europacific Partners were worth $1,468,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CCEP. AQR Capital Management LLC raised its position in shares of Coca-Cola Europacific Partners by 10.5% in the first quarter. AQR Capital Management LLC now owns 7,131 shares of the company’s stock valued at $621,000 after buying an additional 677 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Coca-Cola Europacific Partners by 23.9% during the first quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock worth $70,000 after acquiring an additional 156 shares during the last quarter. Marshall Wace LLP purchased a new stake in Coca-Cola Europacific Partners in the 2nd quarter worth approximately $653,000. Jump Financial LLC raised its holdings in Coca-Cola Europacific Partners by 18.8% in the 2nd quarter. Jump Financial LLC now owns 25,666 shares of the company’s stock valued at $2,380,000 after acquiring an additional 4,059 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new position in Coca-Cola Europacific Partners in the 2nd quarter valued at $202,000. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

CCEP stock opened at $103.62 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.80 and a quick ratio of 0.60. The stock has a 50-day moving average price of $99.00 and a two-hundred day moving average price of $96.93. Coca-Cola Europacific Partners has a 12-month low of $84.65 and a 12-month high of $110.90.

Coca-Cola Europacific Partners Announces Dividend

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

Wall Street Analysts Forecast Growth

CCEP has been the topic of several analyst reports. Barclays raised their price objective on Coca-Cola Europacific Partners from $108.00 to $114.00 and gave the stock an “overweight” rating in a report on Tuesday. Wells Fargo & Company increased their target price on Coca-Cola Europacific Partners from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, July 2nd. Weiss Ratings downgraded shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 18th. Finally, UBS Group increased their price objective on shares of Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $107.88.

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.