144,880 Shares in Coca-Cola Europacific Partners $CCEP Acquired by Verde Servicos Internacionais S.A.

Verde Servicos Internacionais S.A. bought a new position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 144,880 shares of the company’s stock, valued at approximately $13,136,000. Coca-Cola Europacific Partners makes up 4.0% of Verde Servicos Internacionais S.A.’s holdings, making the stock its 9th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bayban purchased a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth $25,000. Quarry LP increased its holdings in Coca-Cola Europacific Partners by 59.1% during the 4th quarter. Quarry LP now owns 393 shares of the company’s stock worth $36,000 after purchasing an additional 146 shares during the period. 1248 Management LLC acquired a new stake in Coca-Cola Europacific Partners in the 4th quarter valued at about $38,000. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its stake in shares of Coca-Cola Europacific Partners by 83.3% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock valued at $40,000 after buying an additional 200 shares during the period. Finally, Fideuram Asset Management Ireland dac purchased a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at about $55,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CCEP shares. Barclays upped their target price on shares of Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. UBS Group boosted 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 report on Wednesday, April 29th. Wells Fargo & Company started coverage on shares of Coca-Cola Europacific Partners in a report on Friday, June 12th. They issued an “overweight” rating and a $110.00 price objective on the stock. Finally, Weiss Ratings cut shares of 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $106.50.

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP opened at $97.77 on Wednesday. The company has a fifty day moving average of $94.97 and a two-hundred day moving average of $94.84. 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.

Coca-Cola Europacific Partners Dividend Announcement

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

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.