Arbejdsmarkedets Tillaegspension Grows Stock Position in Coca-Cola Europacific Partners $CCEP

Key Points

• Arbejdsmarkedets Tillaegspension increased its Coca-Cola Europacific Partners stake by 6.2% in the first quarter, buying 16,074 additional shares and bringing its total to 274,651 shares valued at about $24.9 million.
• Other institutional investors also added to or initiated positions, and hedge funds now own 31.35% of the stock, indicating continued institutional interest in CCEP.
• Analysts remain generally bullish: the stock has an average Moderate Buy rating with an average price target of $107.12, while shares recently opened at $106.00 and the company also paid a dividend of $0.82 per share.

Arbejdsmarkedets Tillaegspension increased its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 6.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 274,651 shares of the company's stock after buying an additional 16,074 shares during the quarter. Arbejdsmarkedets Tillaegspension owned about 0.06% of Coca-Cola Europacific Partners worth $24,903,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bayban purchased a new stake in Coca-Cola Europacific Partners in the 4th quarter worth about $25,000. Whipplewood Advisors LLC raised its holdings in shares of Coca-Cola Europacific Partners by 1,537.5% in the first quarter. Whipplewood Advisors LLC now owns 393 shares of the company's stock worth $36,000 after buying an additional 369 shares during the period. Quarry LP lifted its stake in shares of 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 acquiring an additional 146 shares during the last quarter. 1248 Management LLC purchased a new position in Coca-Cola Europacific Partners during the 4th quarter valued at $38,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its holdings 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 valued at $40,000 after acquiring an additional 200 shares during the period. 31.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wells Fargo & Company upped their price target on shares of Coca-Cola Europacific Partners from $110.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, July 8th. Weiss Ratings lowered shares of Coca-Cola Europacific Partners from a "buy (b+)" rating to a "buy (b)" rating in a report on Monday, May 18th. Barclays boosted their price objective 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. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, July 2nd. Finally, UBS Group raised their target price on shares of Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the stock a "buy" rating in a research report on Wednesday, April 29th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Coca-Cola Europacific Partners has an average rating of "Moderate Buy" and an average price target of $107.12.

Coca-Cola Europacific Partners Price Performance

NASDAQ:CCEP opened at $106.00 on Tuesday. Coca-Cola Europacific Partners has a 1-year low of $84.65 and a 1-year high of $110.90. The company has a 50-day moving average of $97.06 and a 200 day moving average of $96.13. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23.

Coca-Cola Europacific Partners Announces Dividend

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

Coca-Cola Europacific Partners Company 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.

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