Swiss National Bank Purchases 152,400 Shares of Coca-Cola Europacific Partners $CCEP

Swiss National Bank boosted its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 26.9% in the first quarter, Holdings Channel.com reports. The firm owned 719,614 shares of the company’s stock after purchasing an additional 152,400 shares during the quarter. Swiss National Bank’s holdings in Coca-Cola Europacific Partners were worth $65,247,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CCEP. Bayban acquired a new position in shares of Coca-Cola Europacific Partners in the fourth quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in Coca-Cola Europacific Partners by 407.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the company’s stock worth $32,000 after buying an additional 285 shares during the period. Quarry LP boosted its position in 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. Whipplewood Advisors LLC grew its holdings in 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 last quarter. Finally, 1248 Management LLC bought a new stake in Coca-Cola Europacific Partners during the 4th quarter worth approximately $38,000. 31.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CCEP has been the subject of several analyst reports. Barclays raised their price target on shares of Coca-Cola Europacific Partners from $108.00 to $114.00 and gave the company an “overweight” rating in a research note on Tuesday. UBS Group boosted their price objective on shares of 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. Wells Fargo & Company increased their price objective on Coca-Cola Europacific Partners from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Weiss Ratings lowered Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, July 2nd. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.88.

Coca-Cola Europacific Partners Stock Performance

Coca-Cola Europacific Partners stock opened at $105.19 on Wednesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.60 and a current ratio of 0.80. Coca-Cola Europacific Partners has a 52-week low of $84.65 and a 52-week high of $110.90. The firm has a 50 day moving average price of $98.45 and a two-hundred day moving average price of $96.72.

Coca-Cola Europacific Partners Dividend Announcement

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

Coca-Cola Europacific Partners Company 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.