Invesco Ltd. Sells 196,155 Shares of Coca-Cola Europacific Partners $CCEP

Invesco Ltd. reduced its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 1.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 15,414,224 shares of the company’s stock after selling 196,155 shares during the period. Invesco Ltd.’s holdings in Coca-Cola Europacific Partners were worth $1,398,070,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Coca-Cola Europacific Partners by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 10,960,110 shares of the company’s stock worth $994,598,000 after purchasing an additional 278,083 shares during the last quarter. Boston Partners lifted its stake in 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 last quarter. Massachusetts Financial Services Co. MA grew its holdings in Coca-Cola Europacific Partners by 0.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,873,922 shares of the company’s stock valued at $532,765,000 after purchasing an additional 38,339 shares during the period. State Street Corp grew its holdings in Coca-Cola Europacific Partners by 0.7% during the third quarter. State Street Corp now owns 4,760,094 shares of the company’s stock valued at $430,360,000 after purchasing an additional 31,054 shares during the period. Finally, Norges Bank purchased a new stake in Coca-Cola Europacific Partners in the fourth quarter worth $363,294,000. Institutional investors own 31.35% of the company’s stock.

Analyst Ratings Changes

CCEP has been the topic of several research reports. UBS Group boosted their target price on 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. Barclays lifted their price objective on Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Wells Fargo & Company assumed coverage on Coca-Cola Europacific Partners in a research note on Friday, June 12th. They issued an “overweight” rating and a $110.00 price objective on the stock. Weiss Ratings downgraded shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Finally, Citigroup reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, February 19th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and an average price target of $106.50.

Coca-Cola Europacific Partners Stock Performance

Coca-Cola Europacific Partners stock opened at $96.93 on Friday. Coca-Cola Europacific Partners has a 1-year low of $84.65 and a 1-year high of $110.90. 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 firm’s 50 day simple moving average is $94.99 and its 200 day simple moving average is $94.73.

Coca-Cola Europacific Partners Dividend Announcement

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

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.