144,880 Shares in Coca-Cola Europacific Partners $CCEP Bought by Verde Servicos Internacionais S.A.

Verde Servicos Internacionais S.A. acquired a new position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) during the 1st quarter, Holdings Channel.com reports. The fund acquired 144,880 shares of the company’s stock, valued at approximately $13,136,000. Coca-Cola Europacific Partners accounts for about 4.0% of Verde Servicos Internacionais S.A.’s investment portfolio, making the stock its 9th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of CCEP. AQR Capital Management LLC grew its holdings in shares of Coca-Cola Europacific Partners by 10.5% during the first quarter. AQR Capital Management LLC now owns 7,131 shares of the company’s stock worth $621,000 after buying an additional 677 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Coca-Cola Europacific Partners by 23.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock valued at $70,000 after acquiring an additional 156 shares during the last quarter. Marshall Wace LLP purchased a new stake in Coca-Cola Europacific Partners during the 2nd quarter valued at approximately $653,000. Jump Financial LLC lifted its position in Coca-Cola Europacific Partners by 18.8% during the 2nd quarter. Jump Financial LLC now owns 25,666 shares of the company’s stock worth $2,380,000 after acquiring an additional 4,059 shares during the period. Finally, WINTON GROUP Ltd purchased a new position in shares of Coca-Cola Europacific Partners in the 2nd quarter valued at approximately $202,000. 31.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP opened at $97.77 on Wednesday. Coca-Cola Europacific Partners has a twelve month low of $84.65 and a twelve month high of $110.90. The stock’s 50 day moving average is $94.97 and its two-hundred day moving average is $94.84. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23.

Coca-Cola Europacific Partners Dividend Announcement

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

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.