111 Capital Purchases 5,732 Shares of Coca-Cola Europacific Partners $CCEP

111 Capital increased its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 34.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,154 shares of the company’s stock after purchasing an additional 5,732 shares during the period. 111 Capital’s holdings in Coca-Cola Europacific Partners were worth $2,033,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CCEP. Fideuram Asset Management Ireland dac bought a new position in shares of Coca-Cola Europacific Partners during the fourth quarter valued at approximately $55,000. Geneos Wealth Management Inc. increased its holdings in shares of Coca-Cola Europacific Partners by 23.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock valued at $70,000 after acquiring an additional 156 shares during the period. Brown Brothers Harriman & Co. raised its position in shares of Coca-Cola Europacific Partners by 18.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,015 shares of the company’s stock worth $92,000 after acquiring an additional 155 shares in the last quarter. Assetmark Inc. raised its position in shares of Coca-Cola Europacific Partners by 76.0% in the 3rd quarter. Assetmark Inc. now owns 1,051 shares of the company’s stock worth $95,000 after acquiring an additional 454 shares in the last quarter. Finally, Maseco LLP lifted its stake in shares of Coca-Cola Europacific Partners by 20.6% during the 4th quarter. Maseco LLP now owns 1,123 shares of the company’s stock worth $103,000 after purchasing an additional 192 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Stock Up 3.0%

Shares of Coca-Cola Europacific Partners stock opened at $94.74 on Friday. The business has a 50-day simple moving average of $94.01 and a 200-day simple moving average of $94.25. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.80 and a quick ratio of 0.60. Coca-Cola Europacific Partners has a one year low of $84.65 and a one year high of $110.90.

Coca-Cola Europacific Partners Announces Dividend

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

Wall Street Analysts Forecast Growth

CCEP has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price objective on Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. Evercore reiterated an “outperform” rating and issued a $112.00 price target on shares of Coca-Cola Europacific Partners in a research note on Wednesday, February 18th. The Goldman Sachs Group raised their price target on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, February 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, Citigroup restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, February 19th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and an average price target of $106.00.

Coca-Cola Europacific Partners Company 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.