Nordea Investment Management AB Lowers Holdings in Coca-Cola Europacific Partners $CCEP

Nordea Investment Management AB decreased its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 5.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,170,968 shares of the company’s stock after selling 68,289 shares during the quarter. Nordea Investment Management AB owned approximately 0.25% of Coca-Cola Europacific Partners worth $106,406,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Mather Group LLC. purchased a new stake in Coca-Cola Europacific Partners in the third quarter worth about $31,000. First Horizon Advisors Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 61.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $34,000 after purchasing an additional 138 shares in the last quarter. Westerkirk Capital Inc. bought a new stake in shares of Coca-Cola Europacific Partners in the 2nd quarter valued at about $37,000. MAI Capital Management lifted its position in shares of Coca-Cola Europacific Partners by 113.4% in the 2nd quarter. MAI Capital Management now owns 414 shares of the company’s stock worth $38,000 after purchasing an additional 220 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Coca-Cola Europacific Partners by 125.3% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 446 shares of the company’s stock valued at $40,000 after purchasing an additional 248 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP opened at $89.47 on Wednesday. The company has a 50 day moving average of $90.49 and a two-hundred day moving average of $91.36. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83. Coca-Cola Europacific Partners has a twelve month low of $73.78 and a twelve month high of $100.67.

Coca-Cola Europacific Partners Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, December 3rd. Investors of record on Friday, November 14th were paid a dividend of $1.25 per share. This represents a yield of 277.0%. The ex-dividend date was Friday, November 14th.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CCEP shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $114.00 price objective on shares of Coca-Cola Europacific Partners in a research note on Thursday, January 8th. Citigroup reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday. UBS Group cut their price target on Coca-Cola Europacific Partners from $105.00 to $103.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, October 30th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.50.

Coca-Cola Europacific Partners 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.