Louisiana State Employees Retirement System Makes New $2.73 Million Investment in Coca-Cola Europacific Partners $CCEP

Louisiana State Employees Retirement System acquired a new stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,100 shares of the company’s stock, valued at approximately $2,729,000.

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

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ CCEP opened at $101.59 on Monday. Coca-Cola Europacific Partners has a 1 year low of $84.65 and a 1 year high of $110.90. The firm’s 50 day moving average price is $95.17 and its 200 day moving average price is $95.04. 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 Dividend Announcement

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

Wall Street Analyst Weigh In

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