Coca-Cola Europacific Partners $CCEP Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 29.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 470,205 shares of the company’s stock after purchasing an additional 107,407 shares during the period. BNP Paribas Financial Markets owned approximately 0.10% of Coca-Cola Europacific Partners worth $42,648,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Park Avenue Securities LLC grew its holdings in Coca-Cola Europacific Partners by 1.9% during the fourth quarter. Park Avenue Securities LLC now owns 6,373 shares of the company’s stock worth $578,000 after acquiring an additional 119 shares during the period. Howard Capital Management Inc. grew its holdings in Coca-Cola Europacific Partners by 2.9% during the fourth quarter. Howard Capital Management Inc. now owns 4,451 shares of the company’s stock worth $404,000 after acquiring an additional 125 shares during the period. Aaron Wealth Advisors LLC grew its holdings in Coca-Cola Europacific Partners by 5.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,728 shares of the company’s stock worth $247,000 after acquiring an additional 129 shares during the period. Genesee Capital Advisors LLC grew its holdings in Coca-Cola Europacific Partners by 1.2% during the fourth quarter. Genesee Capital Advisors LLC now owns 11,257 shares of the company’s stock worth $1,021,000 after acquiring an additional 137 shares during the period. Finally, CWM LLC grew its holdings in Coca-Cola Europacific Partners by 11.1% during the fourth quarter. CWM LLC now owns 1,370 shares of the company’s stock worth $124,000 after acquiring an additional 137 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Up 1.5%

CCEP opened at $92.41 on Thursday. The business’s fifty day moving average is $93.98 and its two-hundred day moving average is $94.24. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23. Coca-Cola Europacific Partners has a one year low of $84.65 and a one year high of $110.90.

Coca-Cola Europacific Partners Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. UBS Group upped their price objective on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. The Goldman Sachs Group upped their price objective on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Barclays upped their price objective on Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 18th. Finally, Weiss Ratings downgraded Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $106.00.

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.