SEB Asset Management AB Makes New Investment in Coca-Cola Europacific Partners $CCEP

SEB Asset Management AB acquired a new stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 74,549 shares of the company’s stock, valued at approximately $6,759,000.

A number of other large investors also recently added to or reduced their stakes in CCEP. M&T Bank Corp lifted its position in shares of Coca-Cola Europacific Partners by 298.4% during the 4th quarter. M&T Bank Corp now owns 25,603 shares of the company’s stock worth $2,322,000 after buying an additional 19,176 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Coca-Cola Europacific Partners by 17.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 144,681 shares of the company’s stock valued at $13,123,000 after buying an additional 21,587 shares during the last quarter. Capricorn Fund Managers Ltd purchased a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at $1,143,000. Massachusetts Financial Services Co. MA raised its stake in Coca-Cola Europacific Partners by 0.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,873,922 shares of the company’s stock worth $532,765,000 after acquiring an additional 38,339 shares in the last quarter. Finally, UBS Group AG lifted its position in Coca-Cola Europacific Partners by 2.2% in the fourth quarter. UBS Group AG now owns 2,035,674 shares of the company’s stock valued at $184,636,000 after acquiring an additional 43,942 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock opened at $105.19 on Wednesday. The stock’s 50 day moving average price is $98.45 and its 200 day moving average price is $96.72. Coca-Cola Europacific Partners has a 1-year low of $84.65 and a 1-year high of $110.90. 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 Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have issued reports on the company. UBS Group raised their price objective 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, July 2nd. Barclays increased their price objective on Coca-Cola Europacific Partners from $108.00 to $114.00 and gave the company an “overweight” rating in a report on Tuesday. Wells Fargo & Company raised their target price on shares of Coca-Cola Europacific Partners from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Finally, Weiss Ratings cut shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $107.88.

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.