Coca-Cola Europacific Partners $CCEP Shares Acquired by Inceptionr LLC

Inceptionr LLC lifted its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 65.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,195 shares of the company’s stock after purchasing an additional 6,377 shares during the quarter. Inceptionr LLC’s holdings in Coca-Cola Europacific Partners were worth $1,468,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fulton Bank N.A. increased its stake in Coca-Cola Europacific Partners by 3.2% in the 1st quarter. Fulton Bank N.A. now owns 3,699 shares of the company’s stock valued at $335,000 after buying an additional 113 shares during the period. Park Avenue Securities LLC lifted its stake in shares of Coca-Cola Europacific Partners by 1.9% in the 4th quarter. Park Avenue Securities LLC now owns 6,373 shares of the company’s stock worth $578,000 after acquiring an additional 119 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 3.7% in the first quarter. Parallel Advisors LLC now owns 3,341 shares of the company’s stock valued at $303,000 after acquiring an additional 119 shares in the last quarter. Howard Capital Management Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 2.9% in the fourth quarter. Howard Capital Management Inc. now owns 4,451 shares of the company’s stock valued at $404,000 after acquiring an additional 125 shares in the last quarter. Finally, Aaron Wealth Advisors LLC increased its stake in shares of Coca-Cola Europacific Partners by 5.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,728 shares of the company’s stock worth $247,000 after acquiring an additional 129 shares during the period. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $103.62 on Friday. Coca-Cola Europacific Partners has a 52-week low of $84.65 and a 52-week 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 stock has a fifty day simple moving average of $99.00 and a 200-day simple moving average of $96.93.

Coca-Cola Europacific Partners Announces Dividend

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

Analyst Upgrades and Downgrades

CCEP has been the subject of a number of recent analyst reports. Barclays raised their price objective on shares of Coca-Cola Europacific Partners from $108.00 to $114.00 and gave the company an “overweight” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, July 2nd. 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. UBS Group upped their price objective on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Wells Fargo & Company raised their target price on Coca-Cola Europacific Partners from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.88.

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.