Y Intercept Hong Kong Ltd Acquires New Holdings in Coca-Cola Europacific Partners $CCEP

Y Intercept Hong Kong Ltd bought a new position in Coca-Cola Europacific Partners (NASDAQ:CCEP) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 117,303 shares of the company’s stock, valued at approximately $10,636,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Invesco Ltd. grew its holdings in Coca-Cola Europacific Partners by 31.6% during the third quarter. Invesco Ltd. now owns 15,610,379 shares of the company’s stock valued at $1,411,334,000 after purchasing an additional 3,751,430 shares during the last quarter. Boston Partners raised its position in shares of Coca-Cola Europacific Partners by 2.6% in the third quarter. Boston Partners now owns 6,266,512 shares of the company’s stock valued at $566,051,000 after purchasing an additional 156,613 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Coca-Cola Europacific Partners by 0.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,873,922 shares of the company’s stock worth $532,765,000 after buying an additional 38,339 shares during the last quarter. State Street Corp lifted its stake in shares of Coca-Cola Europacific Partners by 0.7% in the third quarter. State Street Corp now owns 4,760,094 shares of the company’s stock worth $430,360,000 after buying an additional 31,054 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter worth $363,294,000. Institutional investors own 31.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CCEP shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday. Wells Fargo & Company assumed coverage on shares of Coca-Cola Europacific Partners in a report on Friday, June 12th. They set an “overweight” rating and a $110.00 price target for the company. 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 report on Thursday, April 30th. Weiss Ratings lowered Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Finally, UBS Group upped their price target on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $106.50.

Coca-Cola Europacific Partners Stock Performance

Shares of Coca-Cola Europacific Partners stock opened at $106.61 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 current ratio of 0.80 and a quick ratio of 0.60. The company’s fifty day moving average price is $95.68 and its two-hundred day moving average price is $95.43.

Coca-Cola Europacific Partners Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 15th were given a $0.82 dividend. This represents a yield of 213.0%. The ex-dividend date of this dividend was 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.