Hsbc Holdings PLC Boosts Stock Position in Coca-Cola Europacific Partners $CCEP

Hsbc Holdings PLC boosted its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 10.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 484,274 shares of the company’s stock after purchasing an additional 45,988 shares during the quarter. Hsbc Holdings PLC owned about 0.11% of Coca-Cola Europacific Partners worth $44,564,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CCEP. Assetmark Inc. lifted its stake in shares of Coca-Cola Europacific Partners by 107.3% during the first quarter. Assetmark Inc. now owns 284 shares of the company’s stock valued at $25,000 after buying an additional 147 shares during the period. First Horizon Advisors Inc. grew its stake in Coca-Cola Europacific Partners by 61.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $34,000 after acquiring an additional 138 shares during the period. Quarry LP raised its holdings in Coca-Cola Europacific Partners by 115.8% in the 1st quarter. Quarry LP now owns 436 shares of the company’s stock valued at $38,000 after acquiring an additional 234 shares during the last quarter. MAI Capital Management lifted its stake in shares of Coca-Cola Europacific Partners by 113.4% during the 2nd quarter. MAI Capital Management now owns 414 shares of the company’s stock worth $38,000 after purchasing an additional 220 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Coca-Cola Europacific Partners during the second quarter worth $67,000. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock opened at $91.69 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 company has a market cap of $42.26 billion, a PE ratio of 17.34, a P/E/G ratio of 2.54 and a beta of 0.74. The company’s fifty day simple moving average is $89.82 and its 200-day simple moving average is $91.53. Coca-Cola Europacific Partners has a 52 week low of $73.40 and a 52 week high of $100.67.

Coca-Cola Europacific Partners Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Friday, November 14th will be paid a dividend of $1.25 per share. This represents a dividend yield of 277.0%. The ex-dividend date is Friday, November 14th.

Analysts Set New Price Targets

Several research firms recently commented on CCEP. Barclays dropped their target price on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday. Morgan Stanley lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 7th. Finally, Weiss Ratings reiterated 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, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and an average price target of $95.00.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. It offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.