Invesco Ltd. Has $1.40 Billion Stock Holdings in Coca-Cola Europacific Partners $CCEP

Invesco Ltd. trimmed its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 1.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,414,224 shares of the company’s stock after selling 196,155 shares during the period. Invesco Ltd. owned approximately 3.34% of Coca-Cola Europacific Partners worth $1,398,070,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Park Avenue Securities LLC increased its holdings in shares of Coca-Cola Europacific Partners by 1.9% during the fourth quarter. Park Avenue Securities LLC now owns 6,373 shares of the company’s stock valued at $578,000 after acquiring an additional 119 shares in the last quarter. Howard Capital Management Inc. lifted its holdings in shares of Coca-Cola Europacific Partners by 2.9% in the 4th quarter. Howard Capital Management Inc. now owns 4,451 shares of the company’s stock worth $404,000 after purchasing an additional 125 shares in the last quarter. Aaron Wealth Advisors LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 5.0% in the 4th quarter. Aaron Wealth Advisors LLC now owns 2,728 shares of the company’s stock worth $247,000 after purchasing an additional 129 shares in the last quarter. Parallel Advisors LLC grew its position in Coca-Cola Europacific Partners by 4.3% in the 4th quarter. Parallel Advisors LLC now owns 3,222 shares of the company’s stock valued at $292,000 after purchasing an additional 134 shares during the period. Finally, Genesee Capital Advisors LLC increased its stake in Coca-Cola Europacific Partners by 1.2% during the 4th quarter. Genesee Capital Advisors LLC now owns 11,257 shares of the company’s stock valued at $1,021,000 after purchasing an additional 137 shares in the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Down 0.2%

Coca-Cola Europacific Partners stock opened at $96.93 on Friday. Coca-Cola Europacific Partners has a fifty-two week low of $84.65 and a fifty-two week 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. The firm’s 50-day simple moving average is $94.99 and its 200 day simple moving average is $94.73.

Coca-Cola Europacific Partners Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, May 27th. Stockholders of record on Friday, May 15th were issued a $0.82 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a dividend yield of 213.0%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CCEP. UBS Group upped their price objective on shares of Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Citigroup reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, February 19th. Wells Fargo & Company initiated coverage on shares of Coca-Cola Europacific Partners in a report on Friday, June 12th. They issued an “overweight” rating and a $110.00 target price on the stock. Barclays raised their price target on shares of Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Finally, Weiss Ratings lowered Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and a consensus target price of $106.50.

Coca-Cola Europacific Partners Profile

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.