Arbejdsmarkedets Tillaegspension Buys Shares of 258,577 Coca-Cola Europacific Partners $CCEP

Arbejdsmarkedets Tillaegspension bought a new stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 258,577 shares of the company’s stock, valued at approximately $23,453,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Allworth Financial LP increased its holdings in Coca-Cola Europacific Partners by 18.3% during the fourth quarter. Allworth Financial LP now owns 3,959 shares of the company’s stock valued at $359,000 after buying an additional 613 shares during the last quarter. Ameritas Advisory Services LLC increased its holdings in Coca-Cola Europacific Partners by 380.1% during the fourth quarter. Ameritas Advisory Services LLC now owns 3,361 shares of the company’s stock valued at $305,000 after buying an additional 2,661 shares during the last quarter. NewEdge Wealth LLC boosted its position in shares of Coca-Cola Europacific Partners by 18.9% in the fourth quarter. NewEdge Wealth LLC now owns 5,550 shares of the company’s stock worth $503,000 after purchasing an additional 883 shares during the period. Ethic Inc. boosted its position in shares of Coca-Cola Europacific Partners by 28.2% in the fourth quarter. Ethic Inc. now owns 36,308 shares of the company’s stock worth $3,293,000 after purchasing an additional 7,987 shares during the period. Finally, Generali Asset Management SPA SGR boosted its position in shares of Coca-Cola Europacific Partners by 8.1% in the fourth quarter. Generali Asset Management SPA SGR now owns 4,072 shares of the company’s stock worth $369,000 after purchasing an additional 304 shares during the period. 31.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research report on Tuesday, January 27th. Barclays upped their price target 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, April 30th. Evercore reiterated an “outperform” rating and issued a $112.00 price target on shares of Coca-Cola Europacific Partners in a research report on Wednesday, February 18th. UBS Group upped their price target 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, April 29th. Finally, The Goldman Sachs Group upped their price target on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and an average price target of $106.00.

Coca-Cola Europacific Partners Stock Performance

Coca-Cola Europacific Partners stock opened at $90.83 on Friday. The firm’s fifty day moving average is $95.89 and its 200 day moving average is $94.00. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23. Coca-Cola Europacific Partners has a 52-week low of $84.65 and a 52-week high of $110.90.

Coca-Cola Europacific Partners Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, May 27th. Investors 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 210.0%.

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.