AXQ Capital LP Makes New Investment in Coca-Cola Europacific Partners $CCEP

AXQ Capital LP acquired a new stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,730 shares of the company’s stock, valued at approximately $701,000.

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

Coca-Cola Europacific Partners Trading Up 1.5%

Shares of CCEP opened at $91.00 on Wednesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.60 and a current ratio of 0.80. Coca-Cola Europacific Partners has a fifty-two week low of $84.65 and a fifty-two week high of $110.90. The firm’s 50-day simple moving average is $94.00 and its two-hundred day simple moving average is $94.25.

Coca-Cola Europacific Partners Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Barclays boosted 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. Weiss Ratings cut shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. UBS Group boosted their price target on shares of Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. boosted their price target on shares of Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Finally, The Goldman Sachs Group boosted their price target on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Coca-Cola Europacific Partners currently has an average rating of “Moderate Buy” and an average target price of $106.00.

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.