Legal & General Group Plc Has $307.73 Million Position in Coca-Cola Europacific Partners $CCEP

Legal & General Group Plc reduced its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,363,587 shares of the company’s stock after selling 151,344 shares during the period. Legal & General Group Plc’s holdings in Coca-Cola Europacific Partners were worth $307,732,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CCEP. First Command Advisory Services Inc. grew its stake in shares of Coca-Cola Europacific Partners by 1,800.0% in the 3rd quarter. First Command Advisory Services Inc. now owns 361 shares of the company’s stock valued at $33,000 after buying an additional 342 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Coca-Cola Europacific Partners by 23.9% in the 1st 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. Brown Brothers Harriman & Co. grew its stake in shares of Coca-Cola Europacific Partners by 18.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,015 shares of the company’s stock valued at $92,000 after buying an additional 155 shares during the period. Assetmark Inc. grew its stake in shares of Coca-Cola Europacific Partners by 76.0% in the 3rd quarter. Assetmark Inc. now owns 1,051 shares of the company’s stock valued at $95,000 after buying an additional 454 shares during the period. Finally, Maseco LLP grew its stake in shares of Coca-Cola Europacific Partners by 20.6% in the 4th quarter. Maseco LLP now owns 1,123 shares of the company’s stock valued at $103,000 after buying an additional 192 shares during the period. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CCEP shares. Citigroup restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, February 19th. UBS Group raised their target price on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Evercore restated an “outperform” rating and issued a $112.00 target price on shares of Coca-Cola Europacific Partners in a research note on Wednesday, February 18th. The Goldman Sachs Group raised their target price on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Finally, 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. Seven 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 a consensus price target of $106.00.

Coca-Cola Europacific Partners Trading Down 0.8%

Shares of NASDAQ CCEP opened at $93.41 on Wednesday. Coca-Cola Europacific Partners has a fifty-two week low of $84.65 and a fifty-two 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 firm’s 50-day simple moving average is $94.49 and its 200 day simple moving average is $94.23.

Coca-Cola Europacific Partners Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, May 27th. Investors of record on Friday, May 15th will be given a $0.82 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a yield of 213.0%.

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.