Andra AP fonden Makes New Investment in Coca-Cola Europacific Partners $CCEP

Andra AP fonden purchased a new position in Coca-Cola Europacific Partners (NASDAQ:CCEP) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 49,056 shares of the company’s stock, valued at approximately $4,448,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fulton Bank N.A. boosted its stake in Coca-Cola Europacific Partners by 3.2% in the 1st quarter. Fulton Bank N.A. now owns 3,699 shares of the company’s stock worth $335,000 after purchasing an additional 113 shares during the period. Park Avenue Securities LLC increased its holdings in Coca-Cola Europacific Partners by 1.9% during the 4th quarter. Park Avenue Securities LLC now owns 6,373 shares of the company’s stock worth $578,000 after acquiring an additional 119 shares during the period. Parallel Advisors LLC grew its position in shares of Coca-Cola Europacific Partners by 3.7% during the 1st quarter. Parallel Advisors LLC now owns 3,341 shares of the company’s stock valued at $303,000 after purchasing an additional 119 shares in the last quarter. Howard Capital Management Inc. increased its holdings in shares of Coca-Cola Europacific Partners by 2.9% in the fourth quarter. Howard Capital Management Inc. now owns 4,451 shares of the company’s stock worth $404,000 after purchasing an additional 125 shares during the period. Finally, Aaron Wealth Advisors LLC raised its position in shares of Coca-Cola Europacific Partners by 5.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 2,728 shares of the company’s stock worth $247,000 after buying an additional 129 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on CCEP. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, July 2nd. Wells Fargo & Company increased their price target on shares of Coca-Cola Europacific Partners from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. Barclays lifted their price objective on shares of Coca-Cola Europacific Partners from $108.00 to $114.00 and gave the stock an “overweight” rating in a report on Tuesday. Weiss Ratings cut Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 18th. Finally, UBS Group upped 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. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners currently has an average rating of “Moderate Buy” and a consensus price target of $107.88.

Coca-Cola Europacific Partners Stock Up 0.7%

Shares of Coca-Cola Europacific Partners stock opened at $105.88 on Thursday. Coca-Cola Europacific Partners has a one year low of $84.65 and a one year 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. The business’s 50 day simple moving average is $98.74 and its two-hundred day simple moving average is $96.82.

Coca-Cola Europacific Partners Dividend Announcement

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