Kepler Cheuvreux Suisse SA Sells 15,386 Shares of Coca-Cola Europacific Partners $CCEP

Kepler Cheuvreux Suisse SA decreased its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 18.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 66,513 shares of the company’s stock after selling 15,386 shares during the period. Kepler Cheuvreux Suisse SA’s holdings in Coca-Cola Europacific Partners were worth $6,029,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC grew its stake in Coca-Cola Europacific Partners by 10.5% in the first quarter. AQR Capital Management LLC now owns 7,131 shares of the company’s stock worth $621,000 after purchasing an additional 677 shares during the period. Geneos Wealth Management Inc. lifted its position in Coca-Cola Europacific Partners by 23.9% during the first quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock valued at $70,000 after buying an additional 156 shares during the period. Marshall Wace LLP purchased a new position in Coca-Cola Europacific Partners during the second quarter valued at $653,000. Jump Financial LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 18.8% during the 2nd quarter. Jump Financial LLC now owns 25,666 shares of the company’s stock valued at $2,380,000 after buying an additional 4,059 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of Coca-Cola Europacific Partners during the 2nd quarter valued at $202,000. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

Shares of Coca-Cola Europacific Partners stock opened at $106.61 on Friday. Coca-Cola Europacific Partners has a 1 year low of $84.65 and a 1 year high of $110.90. The firm’s 50-day moving average is $95.89 and its 200 day moving average is $95.50. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23.

Coca-Cola Europacific Partners Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently issued reports on CCEP shares. Barclays increased their price target 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 upped their price objective 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 began coverage on shares of Coca-Cola Europacific Partners in a research note on Friday, June 12th. They set an “overweight” rating and a $110.00 target price for the company. Weiss Ratings cut Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $106.50.

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.