Profund Advisors LLC Increases Stock Holdings in Coca-Cola Europacific Partners $CCEP

Profund Advisors LLC lifted its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 14.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,161 shares of the company’s stock after purchasing an additional 4,226 shares during the quarter. Profund Advisors LLC’s holdings in Coca-Cola Europacific Partners were worth $3,167,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. CSM Advisors LLC acquired a new position in Coca-Cola Europacific Partners during the second quarter worth about $13,846,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Coca-Cola Europacific Partners by 17.2% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 235,004 shares of the company’s stock worth $21,790,000 after purchasing an additional 34,465 shares in the last quarter. RWA Wealth Partners LLC grew its holdings in Coca-Cola Europacific Partners by 1.1% in the second quarter. RWA Wealth Partners LLC now owns 54,472 shares of the company’s stock valued at $5,051,000 after purchasing an additional 567 shares during the last quarter. AGF Management Ltd. raised its stake in shares of Coca-Cola Europacific Partners by 55.5% during the 2nd quarter. AGF Management Ltd. now owns 925,726 shares of the company’s stock worth $85,833,000 after buying an additional 330,583 shares during the last quarter. Finally, Summit Investment Advisors Inc. raised its position in Coca-Cola Europacific Partners by 2.8% during the first quarter. Summit Investment Advisors Inc. now owns 15,060 shares of the company’s stock worth $1,311,000 after acquiring an additional 413 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP opened at $91.41 on Monday. The business’s 50-day simple moving average is $89.26 and its 200-day simple moving average is $91.33. The firm has a market capitalization of $42.14 billion, a P/E ratio of 17.34, a P/E/G ratio of 2.54 and a beta of 0.74. Coca-Cola Europacific Partners has a 1-year low of $73.40 and a 1-year high of $100.67. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65.

Coca-Cola Europacific Partners Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Friday, November 14th will be paid a $1.25 dividend. The ex-dividend date is Friday, November 14th. This represents a dividend yield of 283.0%.

Wall Street Analysts Forecast Growth

CCEP has been the topic of several recent research reports. Morgan Stanley downgraded Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 7th. Barclays cut their price target on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, October 30th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $92.40.

Coca-Cola Europacific Partners Profile

Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. It offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.