Arbejdsmarkedets Tillaegspension Increases Stock Holdings in Coca-Cola Europacific Partners $CCEP

Arbejdsmarkedets Tillaegspension boosted its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 6.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 274,651 shares of the company’s stock after buying an additional 16,074 shares during the quarter. Arbejdsmarkedets Tillaegspension’s holdings in Coca-Cola Europacific Partners were worth $24,903,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bayban acquired a new stake in Coca-Cola Europacific Partners in the fourth quarter worth about $25,000. Whipplewood Advisors LLC grew its stake in shares of Coca-Cola Europacific Partners by 1,537.5% during the first quarter. Whipplewood Advisors LLC now owns 393 shares of the company’s stock worth $36,000 after acquiring an additional 369 shares during the last quarter. Quarry LP increased its holdings 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 acquiring an additional 146 shares in the last quarter. 1248 Management LLC purchased a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at approximately $38,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA raised its position in shares of 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 valued at $40,000 after purchasing an additional 200 shares during the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CCEP has been the subject of a number of recent analyst reports. UBS Group lifted 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 research note on Wednesday, April 29th. Wells Fargo & Company upped their price target on shares of Coca-Cola Europacific Partners from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Weiss Ratings cut shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Barclays lifted their price objective on shares of Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, July 2nd. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and a consensus price target of $107.12.

Coca-Cola Europacific Partners Trading Up 0.2%

Coca-Cola Europacific Partners stock opened at $106.00 on Tuesday. The stock has a 50-day moving average price of $97.06 and a 200 day moving average price of $96.13. Coca-Cola Europacific Partners has a 52 week low of $84.65 and a 52 week high of $110.90. 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 firm also recently declared a dividend, which was paid on Wednesday, May 27th. Shareholders of record on Friday, May 15th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a yield of 213.0%.

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.