Coca-Cola Europacific Partners $CCEP Shares Sold by Pictet Asset Management Holding SA

Key Points

• Pictet Asset Management trimmed its stake in Coca‑Cola Europacific Partners by 10.2% in Q4, selling 18,943 shares and now owning 165,929 shares valued at $15,057,000 per its latest 13F filing.
• The company declared a dividend of $0.82 per share, payable on May 27 to shareholders of record on May 15 (ex‑dividend date May 15).
• Analyst sentiment is broadly positive: seven analysts rate CCEP a Buy and three a Hold, giving an average "Moderate Buy" rating with an average price target of $106.

Pictet Asset Management Holding SA lessened its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 165,929 shares of the company's stock after selling 18,943 shares during the period. Pictet Asset Management Holding SA's holdings in Coca-Cola Europacific Partners were worth $15,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Mather Group LLC. acquired a new position in shares of Coca-Cola Europacific Partners in the 3rd quarter valued at $31,000. First Command Advisory Services Inc. raised its position in shares of Coca-Cola Europacific Partners by 1,800.0% during the 3rd quarter. First Command Advisory Services Inc. now owns 361 shares of the company's stock worth $33,000 after purchasing an additional 342 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Coca-Cola Europacific Partners by 125.3% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 446 shares of the company's stock valued at $40,000 after acquiring an additional 248 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Coca-Cola Europacific Partners by 23.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 808 shares of the company's stock valued at $70,000 after purchasing an additional 156 shares in the last quarter. Finally, Bayforest Capital Ltd boosted its position in Coca-Cola Europacific Partners by 802.2% during the third quarter. Bayforest Capital Ltd now owns 803 shares of the company's stock worth $73,000 after acquiring an additional 714 shares during the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Trading Down 0.4%

Shares of CCEP stock opened at $94.18 on Friday. Coca-Cola Europacific Partners has a 52-week low of $84.65 and a 52-week high of $110.90. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.60 and a current ratio of 0.80. The stock's 50-day moving average price is $98.21 and its 200 day moving average price is $93.80.

Coca-Cola Europacific Partners Dividend Announcement

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

Wall Street Analysts Forecast Growth

CCEP has been the topic of a number of recent research reports. Barclays boosted their price objective on Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the stock an "overweight" rating in a research note on Thursday. Evercore reaffirmed an "outperform" rating and set a $112.00 price objective on shares of Coca-Cola Europacific Partners in a research report on Wednesday, February 18th. Citigroup reaffirmed a "buy" rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, February 19th. The Goldman Sachs Group boosted their price target on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $114.00 target price on shares of Coca-Cola Europacific Partners in a research note on Thursday, January 8th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $106.00.

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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