Bank of New York Mellon Corp Has $69.65 Million Stock Position in Coca-Cola Europacific Partners $CCEP

Bank of New York Mellon Corp increased its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 4.7% in the 4th quarter, HoldingsChannel reports. The firm owned 767,952 shares of the company’s stock after acquiring an additional 34,322 shares during the period. Bank of New York Mellon Corp’s holdings in Coca-Cola Europacific Partners were worth $69,653,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CCEP. Fideuram Asset Management Ireland dac acquired a new stake in Coca-Cola Europacific Partners during the fourth quarter worth approximately $55,000. Geneos Wealth Management Inc. grew its stake 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 purchasing an additional 156 shares during the period. Brown Brothers Harriman & Co. grew its stake in Coca-Cola Europacific Partners by 18.0% during the third quarter. Brown Brothers Harriman & Co. now owns 1,015 shares of the company’s stock worth $92,000 after purchasing an additional 155 shares during the period. Assetmark Inc. grew its stake in Coca-Cola Europacific Partners by 76.0% during the third quarter. Assetmark Inc. now owns 1,051 shares of the company’s stock worth $95,000 after purchasing an additional 454 shares during the period. Finally, Maseco LLP grew its stake in Coca-Cola Europacific Partners by 20.6% during the fourth quarter. Maseco LLP now owns 1,123 shares of the company’s stock worth $103,000 after purchasing an additional 192 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Up 1.7%

Coca-Cola Europacific Partners stock opened at $96.87 on Wednesday. The business has a 50-day simple moving average of $94.16 and a 200 day simple moving average of $94.37. Coca-Cola Europacific Partners has a 52 week low of $84.65 and a 52 week high of $110.90. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.60 and a current ratio of 0.80.

Coca-Cola Europacific Partners Dividend Announcement

The company also recently disclosed 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 was Friday, May 15th.

Analyst Ratings Changes

Several research analysts have issued reports on CCEP shares. Weiss Ratings lowered Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. JPMorgan Chase & Co. lifted their price target on Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, February 18th. The Goldman Sachs Group lifted their price target 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. Citigroup reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, February 19th. Finally, Barclays lifted their price target on Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $106.00.

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.