Cullen Capital Management LLC Has $44.54 Million Position in Coca-Cola Europacific Partners $CCEP

Cullen Capital Management LLC reduced its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 5.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 491,058 shares of the company’s stock after selling 29,301 shares during the period. Cullen Capital Management LLC owned approximately 0.11% of Coca-Cola Europacific Partners worth $44,539,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CCEP. Fideuram Asset Management Ireland dac acquired a new stake in Coca-Cola Europacific Partners in the fourth quarter worth $55,000. Geneos Wealth Management Inc. raised its holdings in Coca-Cola Europacific Partners by 23.9% in 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. raised its holdings in Coca-Cola Europacific Partners by 18.0% in 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. raised its holdings in Coca-Cola Europacific Partners by 76.0% in 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 raised its holdings in Coca-Cola Europacific Partners by 20.6% in 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. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CCEP has been the topic of several analyst reports. Wells Fargo & Company initiated coverage on shares of Coca-Cola Europacific Partners in a report on Friday. They issued an “overweight” rating and a $110.00 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, February 18th. UBS Group increased their target price on shares of Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings lowered shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Finally, Citigroup restated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, February 19th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and an average target price of $106.50.

Coca-Cola Europacific Partners Stock Performance

Coca-Cola Europacific Partners stock opened at $99.34 on Friday. Coca-Cola Europacific Partners has a 1-year low of $84.65 and a 1-year high of $110.90. The company has a fifty day simple moving average of $94.56 and a 200 day simple moving average of $94.51. 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 company 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 of this dividend was Friday, May 15th.

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.