Sei Investments Co. Boosts Stake in Coca-Cola Europacific Partners $CCEP

Sei Investments Co. boosted its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEPFree Report) by 26.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 587,841 shares of the company’s stock after buying an additional 124,365 shares during the quarter. Sei Investments Co.’s holdings in Coca-Cola Europacific Partners were worth $53,299,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CCEP. Bayban acquired a new stake in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Coca-Cola Europacific Partners by 407.1% in the first 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 during the last quarter. Whipplewood Advisors LLC grew its position in Coca-Cola Europacific Partners by 1,537.5% during the 1st quarter. Whipplewood Advisors LLC now owns 393 shares of the company’s stock worth $36,000 after purchasing an additional 369 shares during the period. Quarry LP raised its stake in shares of Coca-Cola Europacific Partners by 59.1% during the 4th quarter. Quarry LP now owns 393 shares of the company’s stock valued at $36,000 after buying an additional 146 shares during the last quarter. Finally, 1248 Management LLC purchased a new position in shares of Coca-Cola Europacific Partners during the 4th quarter valued at approximately $38,000. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ CCEP opened at $105.11 on Friday. Coca-Cola Europacific Partners has a 1 year low of $84.65 and a 1 year high of $110.90. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.60 and a current ratio of 0.80. The company has a 50 day simple moving average of $99.31 and a 200-day simple moving average of $96.99.

Coca-Cola Europacific Partners Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, May 27th. Stockholders of record on Friday, May 15th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a dividend yield of 213.0%.

Analyst Ratings Changes

A number of research firms recently weighed in on CCEP. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, July 2nd. Wells Fargo & Company lifted their target price on shares of 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. UBS Group raised their price target 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. Barclays increased their target price on Coca-Cola Europacific Partners from $108.00 to $114.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Finally, Weiss Ratings cut Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $107.88.

Read Our Latest Research Report on CCEP

Coca-Cola Europacific Partners Profile

(Free Report)

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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Institutional Ownership by Quarter for Coca-Cola Europacific Partners (NASDAQ:CCEP)

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