Amundi Reduces Stock Position in Coca-Cola Europacific Partners $CCEP

Amundi reduced its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 0.7% in the second quarter, Holdings Channel reports. The firm owned 3,107,339 shares of the company’s stock after selling 21,259 shares during the period. Amundi’s holdings in Coca-Cola Europacific Partners were worth $290,782,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its position in Coca-Cola Europacific Partners by 61.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $34,000 after buying an additional 138 shares during the last quarter. Westerkirk Capital Inc. bought a new position in shares of Coca-Cola Europacific Partners during the second quarter valued at about $37,000. Quarry LP increased its holdings in shares of Coca-Cola Europacific Partners by 115.8% in the first quarter. Quarry LP now owns 436 shares of the company’s stock worth $38,000 after buying an additional 234 shares during the period. MAI Capital Management lifted its stake in shares of Coca-Cola Europacific Partners by 113.4% in the 2nd quarter. MAI Capital Management now owns 414 shares of the company’s stock valued at $38,000 after acquiring an additional 220 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in Coca-Cola Europacific Partners by 110.2% during the 2nd quarter. Assetmark Inc. now owns 597 shares of the company’s stock valued at $55,000 after acquiring an additional 313 shares during the period. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Down 0.1%

NASDAQ CCEP opened at $90.65 on Friday. The firm’s 50 day moving average price is $90.05 and its 200-day moving average price is $91.60. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 1.15. Coca-Cola Europacific Partners has a 52-week low of $73.40 and a 52-week high of $100.67.

Coca-Cola Europacific Partners Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Friday, November 14th were issued a dividend of $1.25 per share. The ex-dividend date was Friday, November 14th. This represents a dividend yield of 277.0%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday, November 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, October 30th. Finally, Barclays lowered their price objective on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and a consensus price target of $99.33.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. It offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.