Valley National Advisers Inc. Invests $2.04 Million in Coca-Cola Europacific Partners $CCEP

Valley National Advisers Inc. purchased a new stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 22,592 shares of the company’s stock, valued at approximately $2,042,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its holdings in Coca-Cola Europacific Partners by 0.8% in the second quarter. Nordea Investment Management AB now owns 1,239,257 shares of the company’s stock worth $113,999,000 after purchasing an additional 10,014 shares during the period. First Trust Advisors LP increased its position in shares of Coca-Cola Europacific Partners by 148.4% in the 2nd quarter. First Trust Advisors LP now owns 1,005,817 shares of the company’s stock valued at $93,259,000 after buying an additional 600,962 shares in the last quarter. Smith Group Asset Management LLC increased its position in shares of Coca-Cola Europacific Partners by 5.8% in the 2nd quarter. Smith Group Asset Management LLC now owns 82,641 shares of the company’s stock valued at $7,662,000 after buying an additional 4,510 shares in the last quarter. Profund Advisors LLC raised its stake in Coca-Cola Europacific Partners by 14.1% during the 2nd quarter. Profund Advisors LLC now owns 34,161 shares of the company’s stock worth $3,167,000 after buying an additional 4,226 shares during the period. Finally, Icon Advisers Inc. Co. bought a new position in Coca-Cola Europacific Partners during the second quarter worth about $1,748,000. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CCEP shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, November 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $99.33.

Coca-Cola Europacific Partners Price Performance

CCEP stock opened at $91.69 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 1.15. Coca-Cola Europacific Partners has a fifty-two week low of $73.40 and a fifty-two week high of $100.67. The business has a 50-day moving average of $90.79 and a 200-day moving average of $91.67.

Coca-Cola Europacific Partners Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Friday, November 14th were paid a dividend of $1.25 per share. This represents a dividend yield of 277.0%. The ex-dividend date of this dividend was Friday, November 14th.

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.