Elevation Point Wealth Partners LLC Buys 8,271 Shares of Coca-Cola Europacific Partners $CCEP

Elevation Point Wealth Partners LLC boosted its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 111.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 15,717 shares of the company’s stock after buying an additional 8,271 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Coca-Cola Europacific Partners were worth $1,425,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CCEP. Bayban purchased a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at about $25,000. Quarry LP lifted its position in shares of Coca-Cola Europacific Partners by 59.1% during the fourth quarter. Quarry LP now owns 393 shares of the company’s stock valued at $36,000 after purchasing an additional 146 shares in the last quarter. 1248 Management LLC purchased a new position in Coca-Cola Europacific Partners during the fourth quarter worth about $38,000. Towarzystwo Funduszy Inwestycyjnych PZU SA grew its position in Coca-Cola Europacific Partners by 83.3% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock worth $40,000 after purchasing an additional 200 shares in the last quarter. Finally, Fideuram Asset Management Ireland dac bought a new stake in Coca-Cola Europacific Partners in the 4th quarter worth about $55,000. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP opened at $106.61 on Monday. 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 has a 52-week low of $84.65 and a 52-week high of $110.90. The company has a 50-day simple moving average of $95.89 and a 200 day simple moving average of $95.53.

Coca-Cola Europacific Partners Dividend Announcement

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

Wall Street Analysts Forecast Growth

CCEP has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday. Weiss Ratings lowered Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Wells Fargo & Company began coverage on Coca-Cola Europacific Partners in a report on Friday, June 12th. They issued an “overweight” rating and a $110.00 target price for the company. UBS Group increased their price target 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. Finally, Barclays lifted their price target on Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $106.50.

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.