EJMK Ventures LLC Invests $497,000 in Coca-Cola Europacific Partners $CCEP

EJMK Ventures LLC bought a new position in Coca-Cola Europacific Partners (NASDAQ:CCEP) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 5,475 shares of the company’s stock, valued at approximately $497,000.

Several other institutional investors and hedge funds also recently bought and sold shares of CCEP. Intech Investment Management LLC purchased a new stake in Coca-Cola Europacific Partners in the 3rd quarter worth approximately $980,000. Vestcor Inc increased its stake in shares of Coca-Cola Europacific Partners by 14.4% in the third quarter. Vestcor Inc now owns 80,665 shares of the company’s stock worth $7,293,000 after purchasing an additional 10,125 shares in the last quarter. M&T Bank Corp raised its position in shares of Coca-Cola Europacific Partners by 298.4% during the 4th quarter. M&T Bank Corp now owns 25,603 shares of the company’s stock valued at $2,322,000 after purchasing an additional 19,176 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Coca-Cola Europacific Partners by 17.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 144,681 shares of the company’s stock valued at $13,123,000 after buying an additional 21,587 shares in the last quarter. Finally, Capricorn Fund Managers Ltd purchased a new position in shares of Coca-Cola Europacific Partners during the 4th quarter valued at $1,143,000. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CCEP. UBS Group upped 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. Barclays boosted their price objective 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. Weiss Ratings lowered Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 18th. Finally, Wells Fargo & Company assumed coverage on Coca-Cola Europacific Partners in a research report on Friday, June 12th. They set an “overweight” rating and a $110.00 target price for the company. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.50.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP stock opened at $96.93 on Friday. 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 has a 12-month low of $84.65 and a 12-month high of $110.90. The stock’s 50-day moving average price is $94.98 and its 200-day moving average price is $94.75.

Coca-Cola Europacific Partners Announces Dividend

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

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.