Coca-Cola Europacific Partners $CCEP Shares Sold by Voya Investment Management LLC

by · The Markets Daily

Voya Investment Management LLC cut its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP – Free Report) by 50.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 27,969 shares of the company’s stock after selling 27,961 shares during the period. Voya Investment Management LLC’s holdings in Coca-Cola Europacific Partners were worth $2,529,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Assenagon Asset Management S.A. raised its position in shares of Coca-Cola Europacific Partners by 15.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 25,940 shares of the company’s stock worth $2,345,000 after purchasing an additional 3,558 shares during the last quarter. Gradient Investments LLC increased its stake in Coca-Cola Europacific Partners by 62.3% during the 3rd quarter. Gradient Investments LLC now owns 13,218 shares of the company’s stock worth $1,195,000 after buying an additional 5,073 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Coca-Cola Europacific Partners by 30.7% during the third quarter. GAMMA Investing LLC now owns 672 shares of the company’s stock valued at $61,000 after acquiring an additional 158 shares during the last quarter. Cullen Capital Management LLC lifted its position in shares of Coca-Cola Europacific Partners by 2.3% in the second quarter. Cullen Capital Management LLC now owns 576,776 shares of the company’s stock valued at $53,479,000 after acquiring an additional 12,984 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its position in shares of Coca-Cola Europacific Partners by 22.5% in the second quarter. Corient Private Wealth LLC now owns 5,006 shares of the company’s stock valued at $464,000 after acquiring an additional 921 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CCEP. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday, November 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $99.33.

Check Out Our Latest Stock Report on Coca-Cola Europacific Partners

Coca-Cola Europacific Partners Stock Performance

Shares of Coca-Cola Europacific Partners stock opened at $91.69 on Friday. The business’s 50 day moving average price is $90.79 and its 200 day moving average price is $91.67. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 1.15. Coca-Cola Europacific Partners has a one year low of $73.40 and a one year high of $100.67.

Coca-Cola Europacific Partners Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Friday, November 14th were issued a dividend of $1.25 per share. This represents a dividend yield of 277.0%. The ex-dividend date was Friday, November 14th.

Coca-Cola Europacific Partners Profile

(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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