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

Schwartz Investment Counsel Inc. lowered its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 492,450 shares of the company’s stock after selling 18,700 shares during the quarter. Coca-Cola Europacific Partners comprises approximately 1.6% of Schwartz Investment Counsel Inc.’s investment portfolio, making the stock its 17th biggest holding. Schwartz Investment Counsel Inc. owned 0.11% of Coca-Cola Europacific Partners worth $44,665,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. First Command Advisory Services Inc. increased its stake in shares of Coca-Cola Europacific Partners by 1,800.0% in the third 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 period. Geneos Wealth Management Inc. increased its stake in shares of Coca-Cola Europacific Partners by 23.9% in the first quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock valued at $70,000 after purchasing an additional 156 shares during the period. Bayforest Capital Ltd increased its stake in shares of Coca-Cola Europacific Partners by 802.2% in the third quarter. Bayforest Capital Ltd now owns 803 shares of the company’s stock valued at $73,000 after purchasing an additional 714 shares during the period. Brown Brothers Harriman & Co. increased its stake in shares of Coca-Cola Europacific Partners by 18.0% in the third quarter. Brown Brothers Harriman & Co. now owns 1,015 shares of the company’s stock valued at $92,000 after purchasing an additional 155 shares during the period. Finally, Assetmark Inc. increased its stake in shares of Coca-Cola Europacific Partners by 76.0% in the third quarter. Assetmark Inc. now owns 1,051 shares of the company’s stock valued at $95,000 after purchasing an additional 454 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CCEP. The Goldman Sachs Group raised their price objective on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. UBS Group raised their price objective on shares of Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Citigroup reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, February 19th. Bank of America reiterated a “neutral” rating and set a $96.00 price objective (down from $102.00) on shares of Coca-Cola Europacific Partners in a research note on Wednesday, January 14th. Finally, Evercore reiterated an “outperform” rating and set a $112.00 price objective on shares of Coca-Cola Europacific Partners in a research note on Wednesday, February 18th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $106.00.

Coca-Cola Europacific Partners Trading Down 0.6%

NASDAQ CCEP opened at $92.92 on Wednesday. Coca-Cola Europacific Partners has a 12 month low of $84.65 and a 12 month high of $110.90. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23. The company’s 50 day simple moving average is $96.51 and its 200 day simple moving average is $94.01.

Coca-Cola Europacific Partners Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 27th. Investors of record on Friday, May 15th will be issued a dividend of $0.82 per share. This represents a yield of 197.0%. The ex-dividend date is Friday, May 15th.

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.