Coca-Cola Europacific Partners $CCEP Shares Sold by Schwartz Investment Counsel Inc.

by · The Cerbat Gem

Schwartz Investment Counsel Inc. lowered its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP – Free Report) by 3.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 511,150 shares of the company’s stock after selling 20,150 shares during the quarter. Coca-Cola Europacific Partners makes up about 1.6% of Schwartz Investment Counsel Inc.’s investment portfolio, making the stock its 20th largest holding. Schwartz Investment Counsel Inc. owned approximately 0.11% of Coca-Cola Europacific Partners worth $46,213,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its stake in Coca-Cola Europacific Partners by 138.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,835,583 shares of the company’s stock valued at $527,595,000 after acquiring an additional 3,392,680 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Coca-Cola Europacific Partners by 20.5% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,988 shares of the company’s stock worth $270,000 after purchasing an additional 509 shares during the last quarter. Evergreen Capital Management LLC acquired a new stake in shares of Coca-Cola Europacific Partners in the 3rd quarter valued at about $202,000. ASR Vermogensbeheer N.V. lifted its position in shares of Coca-Cola Europacific Partners by 1.6% during the third quarter. ASR Vermogensbeheer N.V. now owns 9,752 shares of the company’s stock worth $882,000 after purchasing an additional 157 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Coca-Cola Europacific Partners by 5.7% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 50,750 shares of the company’s stock worth $4,588,000 after purchasing an additional 2,742 shares during the last quarter. Institutional investors own 31.35% of the company’s stock.

Analysts Set New Price Targets

CCEP has been the subject of several research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, October 30th. Bank of America reiterated a “neutral” rating and issued a $96.00 target price (down previously from $102.00) on shares of Coca-Cola Europacific Partners in a research report on Wednesday, January 14th. UBS Group lowered their price target on Coca-Cola Europacific Partners from $105.00 to $103.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Barclays restated an “overweight” rating and set a $101.00 price objective on shares of Coca-Cola Europacific Partners in a research note on Friday. Finally, Citigroup reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, January 9th. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $100.80.

Read Our Latest Report on CCEP

Coca-Cola Europacific Partners Stock Up 0.1%

Shares of Coca-Cola Europacific Partners stock opened at $89.29 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 1.15. The business’s 50 day simple moving average is $90.47 and its 200-day simple moving average is $91.27. Coca-Cola Europacific Partners has a twelve month low of $76.04 and a twelve month high of $100.67.

Coca-Cola Europacific Partners Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Friday, November 14th were given a $1.25 dividend. The ex-dividend date of this dividend was Friday, November 14th. This represents a yield of 277.0%.

About Coca-Cola Europacific Partners

(Free Report)

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.

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