Banque Cantonale Vaudoise Increases Position in Coca-Cola Europacific Partners $CCEP

Banque Cantonale Vaudoise lifted its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 187.1% in the first quarter, HoldingsChannel.com reports. The fund owned 9,415 shares of the company’s stock after acquiring an additional 6,136 shares during the period. Banque Cantonale Vaudoise’s holdings in Coca-Cola Europacific Partners were worth $853,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in Coca-Cola Europacific Partners in the fourth quarter worth $363,294,000. Invesco Ltd. increased its position in shares of Coca-Cola Europacific Partners by 31.6% during the 3rd quarter. Invesco Ltd. now owns 15,610,379 shares of the company’s stock valued at $1,411,334,000 after purchasing an additional 3,751,430 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Coca-Cola Europacific Partners by 310.4% during the 3rd quarter. Lazard Asset Management LLC now owns 2,329,999 shares of the company’s stock worth $210,802,000 after purchasing an additional 1,762,299 shares during the period. Bank of America Corp DE raised its stake in shares of Coca-Cola Europacific Partners by 32.8% during the 2nd quarter. Bank of America Corp DE now owns 2,870,553 shares of the company’s stock worth $266,158,000 after purchasing an additional 709,723 shares during the period. Finally, Man Group plc boosted its holdings in shares of Coca-Cola Europacific Partners by 219.8% in the 2nd quarter. Man Group plc now owns 1,001,770 shares of the company’s stock worth $92,884,000 after buying an additional 688,506 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Trading Up 2.0%

CCEP opened at $101.59 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23. The firm has a 50-day moving average price of $95.17 and a 200-day moving average price of $95.01. Coca-Cola Europacific Partners has a twelve month low of $84.65 and a twelve month high of $110.90.

Coca-Cola Europacific Partners Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CCEP shares. UBS Group increased 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 research 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 issued an “overweight” rating and a $110.00 target price on the stock. Barclays increased their target price on shares of Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings lowered shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 18th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $106.50.

About Coca-Cola Europacific Partners

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.