SG Americas Securities LLC Boosts Stake in Coca-Cola Europacific Partners $CCEP

SG Americas Securities LLC lifted its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 442.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 351,309 shares of the company’s stock after acquiring an additional 286,543 shares during the quarter. SG Americas Securities LLC’s holdings in Coca-Cola Europacific Partners were worth $32,573,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Invesco Ltd. grew its stake in Coca-Cola Europacific Partners by 2.1% in the 1st quarter. Invesco Ltd. now owns 10,335,894 shares of the company’s stock valued at $899,533,000 after purchasing an additional 215,966 shares during the period. Vanguard Group Inc. increased its stake in shares of Coca-Cola Europacific Partners by 462.7% during the 1st quarter. Vanguard Group Inc. now owns 9,883,600 shares of the company’s stock worth $862,167,000 after purchasing an additional 8,126,996 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Coca-Cola Europacific Partners by 24.3% in the first quarter. Goldman Sachs Group Inc. now owns 6,205,337 shares of the company’s stock valued at $540,050,000 after purchasing an additional 1,214,493 shares during the last quarter. Amundi grew its holdings in Coca-Cola Europacific Partners by 1.6% during the first quarter. Amundi now owns 3,128,598 shares of the company’s stock valued at $281,009,000 after purchasing an additional 49,747 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Coca-Cola Europacific Partners by 4.9% during the 1st quarter. JPMorgan Chase & Co. now owns 3,030,119 shares of the company’s stock valued at $263,711,000 after buying an additional 142,019 shares during the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on CCEP. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, October 30th. Barclays lowered their price target on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. Finally, Morgan Stanley cut shares of Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 7th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $92.40.

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP opened at $90.36 on Friday. Coca-Cola Europacific Partners has a 52-week low of $73.40 and a 52-week high of $100.67. The company has a fifty day moving average of $89.66 and a 200-day moving average of $91.42. The company has a market capitalization of $41.65 billion, a P/E ratio of 17.34, a P/E/G ratio of 2.54 and a beta of 0.74. 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 Dividend Announcement

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

Coca-Cola Europacific Partners Company 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.