Diversified Trust Co Sells 8,236 Shares of Coca-Cola Europacific Partners $CCEP

Diversified Trust Co reduced its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 20.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,005 shares of the company’s stock after selling 8,236 shares during the quarter. Diversified Trust Co’s holdings in Coca-Cola Europacific Partners were worth $2,894,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. grew its position in shares of Coca-Cola Europacific Partners by 61.3% during 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 in the last quarter. Westerkirk Capital Inc. bought a new stake in shares of Coca-Cola Europacific Partners in the second quarter valued at about $37,000. Quarry LP lifted its stake in 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 acquiring an additional 234 shares during the period. MAI Capital Management grew its holdings in Coca-Cola Europacific Partners by 113.4% during the 2nd quarter. MAI Capital Management now owns 414 shares of the company’s stock worth $38,000 after acquiring an additional 220 shares in the last quarter. Finally, Assetmark Inc. increased its position 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 purchasing an additional 313 shares during the period. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP opened at $91.60 on Wednesday. Coca-Cola Europacific Partners has a 52 week low of $73.40 and a 52 week high of $100.67. The company has a 50 day moving average price of $90.80 and a 200 day moving average price of $91.64. 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Friday, November 28th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $99.33.

About Coca-Cola Europacific Partners

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.