Truist Financial Corp Has $429.99 Million Holdings in Coca-Cola Europacific Partners $CCEP

Truist Financial Corp lifted its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 10,480.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,756,043 shares of the company’s stock after purchasing an additional 4,711,093 shares during the period. Truist Financial Corp’s holdings in Coca-Cola Europacific Partners were worth $429,994,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. J. Safra Sarasin Holding AG increased its stake in Coca-Cola Europacific Partners by 22.4% in the third quarter. J. Safra Sarasin Holding AG now owns 147,838 shares of the company’s stock valued at $13,366,000 after purchasing an additional 27,093 shares in the last quarter. First Command Advisory Services Inc. lifted its holdings in Coca-Cola Europacific Partners by 1,800.0% during the 3rd quarter. First Command Advisory Services Inc. now owns 361 shares of the company’s stock valued at $33,000 after purchasing an additional 342 shares during the last quarter. Retirement Systems of Alabama raised its holdings in Coca-Cola Europacific Partners by 0.9% in the 3rd quarter. Retirement Systems of Alabama now owns 69,404 shares of the company’s stock valued at $6,275,000 after acquiring an additional 600 shares during the period. Resona Asset Management Co. Ltd. lifted its holdings in Coca-Cola Europacific Partners by 0.5% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 63,848 shares of the company’s stock worth $5,772,000 after purchasing an additional 309 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Coca-Cola Europacific Partners by 14.4% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 132,134 shares of the company’s stock valued at $11,946,000 after acquiring an additional 16,611 shares during the period. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $90.77 on Wednesday. The stock’s fifty day moving average price is $90.25 and its two-hundred day moving average price is $90.96. Coca-Cola Europacific Partners has a 1 year low of $76.97 and a 1 year high of $100.67. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83.

Coca-Cola Europacific Partners Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Barclays reaffirmed an “overweight” rating and issued a $101.00 price objective on shares of Coca-Cola Europacific Partners in a report on Friday, January 16th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $114.00 price objective on shares of Coca-Cola Europacific Partners in a research note on Thursday, January 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, October 30th. Citigroup restated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, January 9th. Finally, UBS Group cut their target price on Coca-Cola Europacific Partners from $105.00 to $103.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Six 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.80.

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.