SEB Asset Management AB Buys Shares of 74,549 Coca-Cola Europacific Partners $CCEP

SEB Asset Management AB purchased a new stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) in the first quarter, HoldingsChannel.com reports. The fund purchased 74,549 shares of the company’s stock, valued at approximately $6,759,000.

Several other institutional investors have also modified their holdings of CCEP. Bayban acquired a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter worth approximately $25,000. Annis Gardner Whiting Capital Advisors LLC increased its stake in Coca-Cola Europacific Partners by 407.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the company’s stock valued at $32,000 after purchasing an additional 285 shares in the last quarter. Whipplewood Advisors LLC raised its holdings in Coca-Cola Europacific Partners by 1,537.5% during the first quarter. Whipplewood Advisors LLC now owns 393 shares of the company’s stock worth $36,000 after purchasing an additional 369 shares during the last quarter. Quarry LP raised its holdings in Coca-Cola Europacific Partners by 59.1% during the fourth quarter. Quarry LP now owns 393 shares of the company’s stock worth $36,000 after purchasing an additional 146 shares during the last quarter. Finally, 1248 Management LLC purchased a new stake in Coca-Cola Europacific Partners during the fourth quarter worth $38,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wells Fargo & Company raised their price target on Coca-Cola Europacific Partners from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Barclays boosted 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 research report on Tuesday. UBS Group increased their price objective 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, July 2nd. Finally, Weiss Ratings cut shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Eight 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 has an average rating of “Moderate Buy” and a consensus target price of $107.88.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP stock opened at $105.19 on Wednesday. The firm’s 50-day simple moving average is $98.45 and its 200-day simple moving average is $96.72. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23. Coca-Cola Europacific Partners has a 1-year low of $84.65 and a 1-year high of $110.90.

Coca-Cola Europacific Partners Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, May 27th. Shareholders 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.

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.