Coca-Cola Europacific Partners $CCEP Stock Position Reduced by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. trimmed its stake in Coca‑Cola Europacific Partners by 0.3% in Q4, selling 34,728 shares and holding 10,925,382 shares (about 2.37%) valued at roughly $1.01 billion.
• The company declared a $0.82 per share dividend payable on May 27 to shareholders of record on May 15 (ex‑dividend date May 15).
• Analysts maintain a consensus "Moderate Buy" rating with an average target price of $106, and several firms (Barclays, UBS, Deutsche Bank) have recently raised or reaffirmed positive ratings and targets.

Vanguard Group Inc. lessened its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,925,382 shares of the company's stock after selling 34,728 shares during the period. Vanguard Group Inc. owned about 2.37% of Coca-Cola Europacific Partners worth $1,008,428,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Munich Reinsurance Co Stock Corp in Munich bought a new position in Coca-Cola Europacific Partners during the 4th quarter worth approximately $153,000. Concurrent Investment Advisors LLC lifted its holdings in Coca-Cola Europacific Partners by 8.7% during the 4th quarter. Concurrent Investment Advisors LLC now owns 4,700 shares of the company's stock worth $426,000 after buying an additional 377 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its holdings in Coca-Cola Europacific Partners by 7.2% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 12,966 shares of the company's stock worth $1,176,000 after buying an additional 870 shares during the last quarter. HB Wealth Management LLC lifted its holdings in Coca-Cola Europacific Partners by 19.5% during the 4th quarter. HB Wealth Management LLC now owns 5,523 shares of the company's stock worth $501,000 after buying an additional 900 shares during the last quarter. Finally, M&T Bank Corp lifted its holdings in Coca-Cola Europacific Partners by 298.4% during the 4th quarter. M&T Bank Corp now owns 25,603 shares of the company's stock worth $2,322,000 after buying an additional 19,176 shares during the last quarter. Institutional investors own 31.35% of the company's stock.

Analysts Set New Price Targets

CCEP has been the topic of a number of research analyst reports. Citigroup reaffirmed a "buy" rating on shares of Coca-Cola Europacific Partners in a report on Thursday, February 19th. Barclays increased their target price on Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the stock an "overweight" rating in a report on Thursday. JPMorgan Chase & Co. increased their price target on Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $114.00 price target on shares of Coca-Cola Europacific Partners in a research report on Thursday, January 8th. Finally, UBS Group increased their price target on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the stock a "buy" rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $106.00.

Coca-Cola Europacific Partners Stock Down 0.4%

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

Coca-Cola Europacific Partners Announces Dividend

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

About Coca-Cola Europacific Partners

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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