ProShare Advisors LLC Increases Stake in Coca-Cola Europacific Partners $CCEP

ProShare Advisors LLC lifted its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 42.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 711,818 shares of the company’s stock after purchasing an additional 210,554 shares during the period. ProShare Advisors LLC’s holdings in Coca-Cola Europacific Partners were worth $64,562,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Invesco Ltd. lifted its position in shares of Coca-Cola Europacific Partners by 31.6% during the 3rd quarter. Invesco Ltd. now owns 15,610,379 shares of the company’s stock worth $1,411,334,000 after purchasing an additional 3,751,430 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Coca-Cola Europacific Partners by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 10,960,110 shares of the company’s stock worth $994,598,000 after purchasing an additional 278,083 shares during the last quarter. Boston Partners lifted its position in shares of Coca-Cola Europacific Partners by 2.6% during the 3rd quarter. Boston Partners now owns 6,266,512 shares of the company’s stock worth $566,051,000 after purchasing an additional 156,613 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Coca-Cola Europacific Partners by 0.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,873,922 shares of the company’s stock worth $532,765,000 after purchasing an additional 38,339 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Coca-Cola Europacific Partners by 0.7% during the 3rd quarter. State Street Corp now owns 4,760,094 shares of the company’s stock worth $430,360,000 after purchasing an additional 31,054 shares during the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Down 0.6%

Shares of CCEP opened at $91.86 on Wednesday. Coca-Cola Europacific Partners has a 1-year low of $84.65 and a 1-year high of $110.90. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.80 and a quick ratio of 0.60. The firm has a fifty day moving average price of $95.23 and a 200 day moving average price of $94.02.

Coca-Cola Europacific Partners Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 27th. Investors of record on Friday, May 15th will be given a $0.82 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a yield of 213.0%.

Wall Street Analysts Forecast Growth

CCEP has been the subject of several recent analyst reports. The Goldman Sachs Group lifted their price objective on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. UBS Group boosted their target price on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Citigroup restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, February 19th. Barclays boosted their target price on Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Evercore restated an “outperform” rating and set a $112.00 target price on shares of Coca-Cola Europacific Partners in a research note on Wednesday, February 18th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $106.00.

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.