Coca-Cola Europacific Partners $CCEP Shares Bought by TD Asset Management Inc

TD Asset Management Inc boosted its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 648,833 shares of the company’s stock after buying an additional 26,523 shares during the quarter. TD Asset Management Inc owned 0.14% of Coca-Cola Europacific Partners worth $58,849,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CCEP. Fideuram Asset Management Ireland dac acquired a new stake in Coca-Cola Europacific Partners during the 4th quarter worth approximately $55,000. Geneos Wealth Management Inc. lifted its holdings in Coca-Cola Europacific Partners by 23.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock worth $70,000 after buying an additional 156 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Coca-Cola Europacific Partners by 18.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,015 shares of the company’s stock worth $92,000 after buying an additional 155 shares in the last quarter. Assetmark Inc. lifted its holdings in Coca-Cola Europacific Partners by 76.0% during the 3rd quarter. Assetmark Inc. now owns 1,051 shares of the company’s stock worth $95,000 after buying an additional 454 shares in the last quarter. Finally, Maseco LLP lifted its holdings in Coca-Cola Europacific Partners by 20.6% during the 4th quarter. Maseco LLP now owns 1,123 shares of the company’s stock worth $103,000 after buying an additional 192 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ:CCEP opened at $94.74 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.80 and a quick ratio of 0.60. The company’s 50 day moving average is $94.01 and its two-hundred day moving average is $94.25. Coca-Cola Europacific Partners has a 52 week low of $84.65 and a 52 week high of $110.90.

Coca-Cola Europacific Partners Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 15th were given 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

A number of equities research analysts have commented on CCEP shares. The Goldman Sachs Group increased their price objective on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Evercore reissued an “outperform” rating and issued a $112.00 price objective on shares of Coca-Cola Europacific Partners in a research report on Wednesday, February 18th. JPMorgan Chase & Co. increased their price objective on shares of Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Citigroup reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, February 19th. Finally, UBS Group increased their price objective on shares of Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $106.00.

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.