Hsbc Holdings PLC Has $15.20 Million Holdings in Coca-Cola Europacific Partners $CCEP

Hsbc Holdings PLC raised its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 47.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 167,835 shares of the company’s stock after purchasing an additional 53,696 shares during the quarter. Hsbc Holdings PLC’s holdings in Coca-Cola Europacific Partners were worth $15,203,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CCEP. Bayban acquired a new position in shares of Coca-Cola Europacific Partners during the 4th quarter worth approximately $25,000. Whipplewood Advisors LLC lifted its holdings in Coca-Cola Europacific Partners by 1,537.5% during the 1st quarter. Whipplewood Advisors LLC now owns 393 shares of the company’s stock valued at $36,000 after purchasing an additional 369 shares during the last quarter. Quarry LP lifted its holdings in Coca-Cola Europacific Partners by 59.1% during the 4th quarter. Quarry LP now owns 393 shares of the company’s stock valued at $36,000 after purchasing an additional 146 shares during the last quarter. 1248 Management LLC bought a new position in Coca-Cola Europacific Partners during the fourth quarter worth $38,000. Finally, Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in shares of Coca-Cola Europacific Partners by 83.3% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock valued at $40,000 after purchasing an additional 200 shares during the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Coca-Cola Europacific Partners from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, July 2nd. Weiss Ratings downgraded shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Barclays boosted their price objective on Coca-Cola Europacific Partners from $108.00 to $114.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, UBS Group upped their target price on 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. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $107.88.

Coca-Cola Europacific Partners Price Performance

CCEP stock opened at $105.88 on Thursday. 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 company’s 50-day simple moving average is $98.74 and its 200 day simple moving average is $96.82. Coca-Cola Europacific Partners has a 52 week low of $84.65 and a 52 week high of $110.90.

Coca-Cola Europacific Partners Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, May 27th. Shareholders 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 yield of 213.0%.

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.