Coca-Cola Europacific Partners $CCEP Shares Sold by Danske Bank A S

Key Points

• Danske Bank A/S cut its stake in Coca‑Cola Europacific Partners by 57.9% in Q4, selling 190,279 shares and leaving 138,424 shares valued at $12.555 million.
• The company announced a $0.82 dividend payable on May 27 to shareholders of record on May 15 (ex‑dividend date May 15), which the article reports as representing a yield of 197.0%.
• Wall Street sentiment is broadly positive with a consensus rating of Moderate Buy, a consensus target price of $106.00, and seven analysts rating the stock Buy versus three Hold.

Danske Bank A S decreased its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 57.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 138,424 shares of the company's stock after selling 190,279 shares during the quarter. Danske Bank A S's holdings in Coca-Cola Europacific Partners were worth $12,555,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Park Avenue Securities LLC raised its holdings in Coca-Cola Europacific Partners by 1.9% in the 4th quarter. Park Avenue Securities LLC now owns 6,373 shares of the company's stock worth $578,000 after purchasing an additional 119 shares during the period. Concurrent Investment Advisors LLC raised its holdings in Coca-Cola Europacific Partners by 2.9% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 4,323 shares of the company's stock worth $391,000 after purchasing an additional 123 shares during the period. Howard Capital Management Inc. raised its holdings in Coca-Cola Europacific Partners by 2.9% in the 4th quarter. Howard Capital Management Inc. now owns 4,451 shares of the company's stock worth $404,000 after purchasing an additional 125 shares during the period. Aaron Wealth Advisors LLC raised its holdings in Coca-Cola Europacific Partners by 5.0% in the 4th quarter. Aaron Wealth Advisors LLC now owns 2,728 shares of the company's stock worth $247,000 after purchasing an additional 129 shares during the period. Finally, Versant Capital Management Inc raised its holdings in Coca-Cola Europacific Partners by 8.7% in the 3rd quarter. Versant Capital Management Inc now owns 1,658 shares of the company's stock worth $150,000 after purchasing an additional 132 shares during the period. Institutional investors and hedge funds own 31.35% of the company's stock.

Coca-Cola Europacific Partners Stock Performance

Shares of Coca-Cola Europacific Partners stock opened at $94.18 on Monday. Coca-Cola Europacific Partners has a 12 month low of $84.65 and a 12 month high of $110.90. The business has a 50 day simple moving average of $98.21 and a two-hundred day simple moving average of $93.87. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.80 and a quick ratio of 0.60.

Coca-Cola Europacific Partners Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Friday, May 15th will be issued a $0.82 dividend. The ex-dividend date is Friday, May 15th. This represents a yield of 197.0%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Citigroup reaffirmed a "buy" rating on shares of Coca-Cola Europacific Partners in a report on Thursday, February 19th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Coca-Cola Europacific Partners in a report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $114.00 target price on shares of Coca-Cola Europacific Partners in a report on Thursday, January 8th. JPMorgan Chase & Co. increased their target price on Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a "neutral" rating in a report on Wednesday, February 18th. Finally, Barclays increased their target price on Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the company an "overweight" rating in a report on Thursday. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.00.

Coca-Cola Europacific Partners 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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