Coca-Cola Europacific Partners $CCEP Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 163.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,843 shares of the company’s stock after buying an additional 4,864 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Coca-Cola Europacific Partners were worth $711,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Bayban purchased a new position in shares of Coca-Cola Europacific Partners during the fourth quarter worth approximately $25,000. Whipplewood Advisors LLC boosted its stake in Coca-Cola Europacific Partners by 1,537.5% during the 1st quarter. Whipplewood Advisors LLC now owns 393 shares of the company’s stock worth $36,000 after purchasing an additional 369 shares during the period. Quarry LP boosted its stake in Coca-Cola Europacific Partners by 59.1% during the 4th quarter. Quarry LP now owns 393 shares of the company’s stock worth $36,000 after purchasing an additional 146 shares during the period. 1248 Management LLC purchased a new position in Coca-Cola Europacific Partners during the 4th quarter worth $38,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA grew its position in Coca-Cola Europacific Partners by 83.3% during the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock worth $40,000 after purchasing an additional 200 shares during the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CCEP shares. Barclays upped 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 report on Thursday, April 30th. Wells Fargo & Company boosted 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. 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. UBS Group lifted 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. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, July 2nd. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $107.12.

Coca-Cola Europacific Partners Stock Performance

CCEP stock opened at $105.18 on Monday. The company has a fifty day moving average of $97.95 and a 200-day moving average of $96.51. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.60 and a current ratio of 0.80. Coca-Cola Europacific Partners has a one year low of $84.65 and a one year high of $110.90.

Coca-Cola Europacific Partners Dividend Announcement

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

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.