ABN Amro Investment Solutions Takes $941,000 Position in Coca-Cola Europacific Partners $CCEP

ABN Amro Investment Solutions acquired a new stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 10,378 shares of the company’s stock, valued at approximately $941,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCEP. Bayban purchased a new stake in Coca-Cola Europacific Partners in the 4th quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Coca-Cola Europacific Partners by 407.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the company’s stock valued at $32,000 after buying an additional 285 shares in the last quarter. Whipplewood Advisors LLC raised its position 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 valued at $36,000 after buying an additional 369 shares during the last quarter. Quarry LP raised 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 buying an additional 146 shares during the last quarter. Finally, 1248 Management LLC purchased a new position in shares of Coca-Cola Europacific Partners in the fourth quarter worth $38,000. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $105.11 on Friday. The stock’s fifty day moving average is $99.31 and its 200 day moving average is $96.99. Coca-Cola Europacific Partners has a fifty-two week low of $84.65 and a fifty-two week high of $110.90. 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 firm also recently declared a dividend, which was paid on Wednesday, May 27th. Stockholders of record on Friday, May 15th were issued a $0.82 dividend. This represents a dividend yield of 213.0%. The ex-dividend date was Friday, May 15th.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CCEP shares. UBS Group raised their target price on shares of Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Barclays boosted their price target on shares of Coca-Cola Europacific Partners from $108.00 to $114.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Weiss Ratings downgraded shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, July 2nd. Finally, Wells Fargo & Company lifted their target price on Coca-Cola Europacific Partners from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $107.88.

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.