4,114,876 Shares in Coca-Cola Europacific Partners $CCEP Bought by Norges Bank

Norges Bank acquired a new stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,114,876 shares of the company’s stock, valued at approximately $381,335,000. Norges Bank owned approximately 0.89% of Coca-Cola Europacific Partners at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CCEP. Hsbc Holdings PLC lifted its position in shares of Coca-Cola Europacific Partners by 10.5% during the second quarter. Hsbc Holdings PLC now owns 484,274 shares of the company’s stock valued at $44,564,000 after buying an additional 45,988 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Coca-Cola Europacific Partners by 3.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 11,132 shares of the company’s stock worth $1,032,000 after buying an additional 403 shares during the last quarter. Korea Investment CORP raised its stake in shares of Coca-Cola Europacific Partners by 31.8% during the 2nd quarter. Korea Investment CORP now owns 188,394 shares of the company’s stock worth $17,395,000 after acquiring an additional 45,423 shares in the last quarter. Elevation Point Wealth Partners LLC lifted its position in Coca-Cola Europacific Partners by 1.1% during the second quarter. Elevation Point Wealth Partners LLC now owns 17,264 shares of the company’s stock valued at $1,601,000 after acquiring an additional 186 shares during the last quarter. Finally, Choreo LLC lifted its position in Coca-Cola Europacific Partners by 4.5% during the second quarter. Choreo LLC now owns 2,733 shares of the company’s stock valued at $253,000 after acquiring an additional 118 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Trading Up 0.4%

NASDAQ:CCEP opened at $91.69 on Monday. The company has a market capitalization of $42.26 billion, a P/E ratio of 17.34, a PEG ratio of 2.54 and a beta of 0.74. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 1.15. Coca-Cola Europacific Partners has a 12 month low of $73.40 and a 12 month high of $100.67. The firm has a fifty day simple moving average of $89.82 and a 200-day simple moving average of $91.53.

Coca-Cola Europacific Partners Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on CCEP. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday. Barclays lowered their price objective on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Morgan Stanley lowered Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 7th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, October 30th. Five equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $95.00.

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.