Schwartz Investment Counsel Inc. Has $43.52 Million Position in Coca-Cola Europacific Partners $CCEP

Schwartz Investment Counsel Inc. reduced its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 2.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 480,000 shares of the company’s stock after selling 12,450 shares during the quarter. Coca-Cola Europacific Partners comprises approximately 1.5% of Schwartz Investment Counsel Inc.’s portfolio, making the stock its 21st largest holding. Schwartz Investment Counsel Inc.’s holdings in Coca-Cola Europacific Partners were worth $43,522,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CCEP. Bayban acquired a new stake in Coca-Cola Europacific Partners in the 4th quarter worth approximately $25,000. Whipplewood Advisors LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 1,537.5% during the 1st quarter. Whipplewood Advisors LLC now owns 393 shares of the company’s stock worth $36,000 after acquiring an additional 369 shares during the period. Quarry LP lifted its position in shares of Coca-Cola Europacific Partners by 59.1% during the 4th quarter. Quarry LP now owns 393 shares of the company’s stock worth $36,000 after buying an additional 146 shares during the period. 1248 Management LLC bought a new position in Coca-Cola Europacific Partners during the 4th quarter valued at about $38,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its stake in shares of Coca-Cola Europacific Partners by 83.3% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock valued at $40,000 after buying an additional 200 shares in the last quarter. Institutional investors own 31.35% of the company’s stock.

Analyst Ratings Changes

CCEP has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, July 2nd. Weiss Ratings downgraded Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. UBS Group raised their target price on shares of Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Wells Fargo & Company increased their price objective on shares of Coca-Cola Europacific Partners from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Finally, Barclays boosted their price objective on shares of Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $107.12.

Coca-Cola Europacific Partners Stock Up 0.2%

Coca-Cola Europacific Partners stock opened at $106.00 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23. The stock’s 50 day moving average is $97.06 and its 200 day moving average is $96.13. Coca-Cola Europacific Partners has a one year low of $84.65 and a one year high of $110.90.

Coca-Cola Europacific Partners Announces Dividend

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

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.