Coca-Cola Europacific Partners $CCEP Shares Sold by Danske Bank A S

Danske Bank A S lessened its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 57.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 138,424 shares of the company’s stock after selling 190,279 shares during the quarter. Danske Bank A S’s holdings in Coca-Cola Europacific Partners were worth $12,555,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. acquired a new stake in shares of Coca-Cola Europacific Partners in the third quarter valued at approximately $31,000. First Command Advisory Services Inc. increased its holdings in shares of Coca-Cola Europacific Partners by 1,800.0% in the third quarter. First Command Advisory Services Inc. now owns 361 shares of the company’s stock valued at $33,000 after purchasing an additional 342 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Coca-Cola Europacific Partners by 125.3% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 446 shares of the company’s stock valued at $40,000 after purchasing an additional 248 shares during the last quarter. Bayforest Capital Ltd increased its holdings in shares of Coca-Cola Europacific Partners by 802.2% in the third quarter. Bayforest Capital Ltd now owns 803 shares of the company’s stock valued at $73,000 after purchasing an additional 714 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Coca-Cola Europacific Partners by 23.9% in the first quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock valued at $70,000 after purchasing an additional 156 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

CCEP stock opened at $94.18 on Monday. The business has a fifty day moving average of $98.21 and a two-hundred day moving average of $93.87. 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 52-week low of $84.65 and a 52-week high of $110.90.

Coca-Cola Europacific Partners Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a yield of 197.0%.

Analyst Ratings Changes

Several equities research analysts recently commented on CCEP shares. Citigroup reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, February 19th. UBS Group increased 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a report on Tuesday, January 27th. Bank of America reaffirmed a “neutral” rating and issued a $96.00 price target (down from $102.00) on shares of Coca-Cola Europacific Partners in a report on Wednesday, January 14th. Finally, Barclays increased their price target on Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the company an “overweight” rating in a report on Thursday. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.