Epoch Investment Partners Inc. Sells 47,922 Shares of Coca-Cola Europacific Partners $CCEP

Epoch Investment Partners Inc. reduced its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 4.4% in the first quarter, HoldingsChannel reports. The firm owned 1,039,334 shares of the company’s stock after selling 47,922 shares during the period. Epoch Investment Partners Inc.’s holdings in Coca-Cola Europacific Partners were worth $94,236,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. M&T Bank Corp increased its position in shares of 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 valued at $2,322,000 after acquiring an additional 19,176 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Coca-Cola Europacific Partners by 17.5% during 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 during the period. Capricorn Fund Managers Ltd purchased a new stake in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $1,143,000. SEB Asset Management AB acquired a new stake in Coca-Cola Europacific Partners during the 1st quarter valued at approximately $6,759,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Coca-Cola Europacific Partners by 0.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,873,922 shares of the company’s stock valued at $532,765,000 after acquiring an additional 38,339 shares during the last quarter. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP opened at $105.11 on Friday. Coca-Cola Europacific Partners has a twelve month low of $84.65 and a twelve 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 stock has a 50-day moving average of $99.31 and a 200 day moving average of $96.99.

Coca-Cola Europacific Partners Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on CCEP shares. UBS Group upped their price target on shares of Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings lowered Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 18th. Barclays boosted their price objective on Coca-Cola Europacific Partners from $108.00 to $114.00 and gave the company an “overweight” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, July 2nd. Finally, Wells Fargo & Company lifted their price target on Coca-Cola Europacific Partners from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and an average target price of $107.88.

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.