Diversified Trust Co grew its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP – Free Report) by 96.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,358 shares of the company’s stock after buying an additional 38,948 shares during the quarter. Diversified Trust Co’s holdings in Coca-Cola Europacific Partners were worth $7,195,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new position in Coca-Cola Europacific Partners in the fourth quarter worth $363,294,000. Invesco Ltd. increased its position in shares of Coca-Cola Europacific Partners by 31.6% during the 3rd quarter. Invesco Ltd. now owns 15,610,379 shares of the company’s stock valued at $1,411,334,000 after purchasing an additional 3,751,430 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Coca-Cola Europacific Partners by 310.4% during the 3rd quarter. Lazard Asset Management LLC now owns 2,329,999 shares of the company’s stock valued at $210,802,000 after purchasing an additional 1,762,299 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Coca-Cola Europacific Partners by 32.8% during the 2nd quarter. Bank of America Corp DE now owns 2,870,553 shares of the company’s stock worth $266,158,000 after purchasing an additional 709,723 shares during the period. Finally, Man Group plc raised its stake in shares of Coca-Cola Europacific Partners by 219.8% during the 2nd quarter. Man Group plc now owns 1,001,770 shares of the company’s stock worth $92,884,000 after purchasing an additional 688,506 shares during the period. 31.35% of the stock is owned by institutional investors.
Coca-Cola Europacific Partners Price Performance
Shares of CCEP opened at $96.93 on Friday. The stock’s fifty day moving average price is $94.98 and its two-hundred day moving average price is $94.75. 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 has a 1 year low of $84.65 and a 1 year high of $110.90.
Coca-Cola Europacific Partners Dividend Announcement
Analysts Set New Price Targets
Several equities analysts recently weighed in on CCEP shares. Wells Fargo & Company started coverage on shares of Coca-Cola Europacific Partners in a research report on Friday, June 12th. They set an “overweight” rating and a $110.00 price target for the company. Weiss Ratings lowered shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Barclays lifted their price objective 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. Finally, UBS Group increased 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 report on Wednesday, April 29th. Eight 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $106.50.
Read Our Latest Stock Analysis on CCEP
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.
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