SG Americas Securities LLC Buys 17,597 Shares of Coca-Cola Europacific Partners $CCEP

SG Americas Securities LLC grew its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 12.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 156,908 shares of the company’s stock after buying an additional 17,597 shares during the period. SG Americas Securities LLC’s holdings in Coca-Cola Europacific Partners were worth $14,227,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bayban bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter valued at approximately $25,000. Quarry LP lifted its position in Coca-Cola Europacific Partners by 59.1% in the 4th quarter. Quarry LP now owns 393 shares of the company’s stock valued at $36,000 after acquiring an additional 146 shares in the last quarter. 1248 Management LLC bought a new position in Coca-Cola Europacific Partners in the 4th quarter valued at approximately $38,000. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in Coca-Cola Europacific Partners by 83.3% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock valued at $40,000 after purchasing an additional 200 shares during the last quarter. Finally, Fideuram Asset Management Ireland dac purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter valued at $55,000. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Up 0.8%

NASDAQ:CCEP opened at $99.60 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 company has a 50 day simple moving average of $95.06 and a two-hundred day simple moving average of $94.96.

Coca-Cola Europacific Partners Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CCEP. Wells Fargo & Company initiated coverage on Coca-Cola Europacific Partners in a research note on Friday, June 12th. They issued an “overweight” rating and a $110.00 price target for the company. Weiss Ratings cut Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. UBS Group lifted 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. Finally, Barclays boosted their target price on Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.50.

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.