Diversified Trust Co Increases Stock Position in Coca-Cola Europacific Partners $CCEP

Diversified Trust Co increased its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 96.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 79,358 shares of the company’s stock after purchasing an additional 38,948 shares during the period. Diversified Trust Co’s holdings in Coca-Cola Europacific Partners were worth $7,195,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Park Avenue Securities LLC lifted its position in shares of Coca-Cola Europacific Partners by 1.9% during the fourth quarter. Park Avenue Securities LLC now owns 6,373 shares of the company’s stock worth $578,000 after acquiring an additional 119 shares in the last quarter. Howard Capital Management Inc. grew its position in shares of Coca-Cola Europacific Partners by 2.9% in the fourth quarter. Howard Capital Management Inc. now owns 4,451 shares of the company’s stock valued at $404,000 after purchasing an additional 125 shares in the last quarter. Aaron Wealth Advisors LLC grew its position in shares of Coca-Cola Europacific Partners by 5.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 2,728 shares of the company’s stock valued at $247,000 after purchasing an additional 129 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Coca-Cola Europacific Partners by 4.3% during the 4th quarter. Parallel Advisors LLC now owns 3,222 shares of the company’s stock valued at $292,000 after purchasing an additional 134 shares during the period. Finally, Genesee Capital Advisors LLC raised its stake in shares of Coca-Cola Europacific Partners by 1.2% during the 4th quarter. Genesee Capital Advisors LLC now owns 11,257 shares of the company’s stock valued at $1,021,000 after purchasing an additional 137 shares during the period. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. UBS Group raised their target price on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Weiss Ratings cut Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Wells Fargo & Company started coverage on shares of Coca-Cola Europacific Partners in a report on Friday, June 12th. They issued an “overweight” rating and a $110.00 price target on the stock. Finally, Barclays raised 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 research report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Coca-Cola Europacific Partners currently has a consensus rating of “Moderate Buy” and a consensus 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 fifty-two week low of $84.65 and a fifty-two week high of $110.90. The firm’s fifty day moving average price is $94.98 and its 200-day moving average price is $94.75. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23.

Coca-Cola Europacific Partners Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 15th were given a dividend of $0.82 per share. This represents a 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.