Coca-Cola Europacific Partners $CCEP Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 12.0% in the fourth quarter, Holdings Channel reports. The firm owned 116,305 shares of the company’s stock after selling 15,829 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Coca-Cola Europacific Partners were worth $10,549,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mather Group LLC. acquired a new stake in Coca-Cola Europacific Partners during the 3rd quarter worth approximately $31,000. First Command Advisory Services Inc. increased its position in Coca-Cola Europacific Partners by 1,800.0% during the 3rd quarter. First Command Advisory Services Inc. now owns 361 shares of the company’s stock worth $33,000 after purchasing an additional 342 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in Coca-Cola Europacific Partners by 125.3% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 446 shares of the company’s stock worth $40,000 after purchasing an additional 248 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Coca-Cola Europacific Partners by 23.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock worth $70,000 after purchasing an additional 156 shares in the last quarter. Finally, Bayforest Capital Ltd increased its position in Coca-Cola Europacific Partners by 802.2% during the 3rd quarter. Bayforest Capital Ltd now owns 803 shares of the company’s stock worth $73,000 after purchasing an additional 714 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Analyst Upgrades and Downgrades

CCEP has been the subject of a number of research analyst reports. Barclays increased their target price on shares of Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday. Citigroup reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, February 19th. UBS Group increased their target price on shares of Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday. Bank of America reissued a “neutral” rating and set a $96.00 target price (down from $102.00) on shares of Coca-Cola Europacific Partners in a research report on Wednesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $114.00 target price on shares of Coca-Cola Europacific Partners in a research report on Thursday, January 8th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $106.00.

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP opened at $94.18 on Friday. Coca-Cola Europacific Partners has a fifty-two week low of $84.65 and a fifty-two week high of $110.90. The business has a 50 day moving average price of $98.21 and a two-hundred day moving average price of $93.80. 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 Announces Dividend

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

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.