Banque Cantonale Vaudoise Buys 6,136 Shares of Coca-Cola Europacific Partners $CCEP

Banque Cantonale Vaudoise boosted its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 187.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,415 shares of the company’s stock after buying an additional 6,136 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Coca-Cola Europacific Partners were worth $853,000 as of its most recent SEC filing.

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

Coca-Cola Europacific Partners Trading Up 2.0%

Shares of NASDAQ:CCEP opened at $101.59 on Friday. The business’s 50 day simple moving average is $95.17 and its two-hundred day simple moving average is $95.01. 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 52-week low of $84.65 and a 52-week high of $110.90.

Coca-Cola Europacific Partners Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Barclays lifted their price objective 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. UBS Group upped their target price on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Wells Fargo & Company started coverage on Coca-Cola Europacific Partners in a research note on Friday, June 12th. They set an “overweight” rating and a $110.00 target price for the company. Finally, Weiss Ratings downgraded Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.