SG Americas Securities LLC Acquires 17,597 Shares of Coca-Cola Europacific Partners $CCEP

SG Americas Securities LLC grew its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 12.6% in the first quarter, HoldingsChannel reports. The fund owned 156,908 shares of the company’s stock after purchasing an additional 17,597 shares during the quarter. SG Americas Securities LLC’s holdings in Coca-Cola Europacific Partners were worth $14,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Intech Investment Management LLC purchased a new position in shares of Coca-Cola Europacific Partners during the 3rd quarter valued at about $980,000. Vestcor Inc grew its stake in shares of Coca-Cola Europacific Partners by 14.4% during the 3rd quarter. Vestcor Inc now owns 80,665 shares of the company’s stock valued at $7,293,000 after acquiring an additional 10,125 shares during the period. M&T Bank Corp increased its holdings in Coca-Cola Europacific Partners by 298.4% in the 4th quarter. M&T Bank Corp now owns 25,603 shares of the company’s stock worth $2,322,000 after acquiring an additional 19,176 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Coca-Cola Europacific Partners by 17.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 144,681 shares of the company’s stock worth $13,123,000 after acquiring an additional 21,587 shares in the last quarter. Finally, Capricorn Fund Managers Ltd bought a new stake in Coca-Cola Europacific Partners during the 4th quarter worth approximately $1,143,000. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Trading Up 0.8%

Shares of NASDAQ:CCEP opened at $99.60 on Friday. Coca-Cola Europacific Partners has a 12 month low of $84.65 and a 12 month high of $110.90. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23. The company has a 50-day moving average price of $95.06 and a 200 day moving average price of $94.96.

Coca-Cola Europacific Partners Announces Dividend

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

Wall Street Analyst Weigh In

CCEP has been the topic of a number of analyst reports. UBS Group lifted 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 note on Wednesday, April 29th. Barclays increased their target price on 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. Wells Fargo & Company assumed coverage on Coca-Cola Europacific Partners in a research note on Friday, June 12th. They set an “overweight” rating and a $110.00 target price on the stock. Finally, Weiss Ratings downgraded Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 18th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Coca-Cola Europacific Partners currently has an average rating of “Moderate Buy” and a consensus price target of $106.50.

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.