In a recent disclosure with the Securities & Exchange Commission, Aviva PLC has reported an increase in its stake of Coca-Cola Europacific Partners PLC (NYSE:CCEP) by 12.7% during the fourth quarter. With a holding of 197,871 shares of CCEP’s stock worth $975,000 at the end of the most recent reporting period, Aviva’s investment reinforces CCEP’s market presence and potential.
Coca-Cola Europacific Partners plc is a leading distributor and seller of non-alcoholic ready to drink beverages with operations across several countries. The company operates through various geographical segments such as Iberia, Germany, Great Britain, France, Belgium/Luxembourg, Netherlands, Norway, Sweden and Iceland. Since its inception on August 4th in 2015, CCEP has been headquartered in Uxbridge in the United Kingdom.
On Thursday June 1st of 2023, shares of NYSE CCEP opened at $62.39. The business demonstrated a strong performance with a 50-day simple moving average of $62.23 and a 200-day simple moving average of $57.41. With a debt-to-equity ratio of 1.42 and current ratio and quick ratio measuring at 0.89 and 0.71 respectively, CCEP appears to have positive growth indications.
Despite market changes over time due to various global factors that impact beverage sales trends across different cultures and consumption patterns,Coca-Cola’s position as one of the top global leaders in soft drinks does not seem to be diminishing anytime soon .Its major expansion plans globally show this including recent investments in robotics solutions that can streamline bottling processes are expected further bolster investor trust.
Overall,while it remains best practice utilize formal methods such investment portfolio management tools like risk analysis software that can analyze market movements,time values,and standard deviation,various financial institutions world-wide continue to demonstrate investment interest in Coke’s ready made, globally recognized consumer brands.
[bs_slider_forecast ticker=”CCEP”]
Institutional Investors Increase Stakes in Coca-Cola Europacific Partners as Analysts Offer Mixed Views on Stock Performance
On June 1, 2023, it was reported that BlackRock Inc., Two Sigma Investments LP, Wellington Management Group LLP, Two Sigma Advisers LP, and Nordea Investment Management AB have all increased their stakes in Coca-Cola Europacific Partners (CCEP). BlackRock Inc. added 1,152,207 shares to its holdings during the third quarter of the previous year, raising its stake by 8.8%. Its current ownership of CCEP’s stock is valued at $606,333,000 with a total of 14,226,512 shares. Two Sigma Investments LP acquired an additional 1,012,720 shares during the same period after raising its position in CCEP by 864.4%. Meanwhile, Wellington Management Group LLP raised its position in the company by 20.0% during the first quarter and now owns a total of 3,865,724 shares worth $187,912,000. Furthermore, Two Sigma Advisers LP increased its holdings by 627.9% during Q3 and currently holds around 725 thousand shares valued at $30.9 million while Nordea Investment Management AB bought an additional 476 thousand shares for a total holding worth $188 million.
Several analysts have issued reports on CCEP’s stock performance as well. According to these experts’ recommendations; Credit Suisse Group boosted their price objective to €65 from €69 for Coca-Cola Europacific Partners on April 26th while StockNews.com downgraded Coca-Cola Europacific Partners’ rating from “strong-buy” to “buy” on May 11th. In addition to this Barclays’ target price for Coca-Cola Europacific Partners had been lifted from $73 to $75 by April 27th while Argus has recently raised their target price from $62 to $72 as on May 26th giving an average price target of $68.09. As per Bloomberg, CCEP currently has an average rating of “Moderate Buy” based solely on the recommendations provided by the investment analysts.
This year, CCEP has also announced a semi-annual dividend, which was paid to shareholders on Thursday, May 25th. The company offered a dividend payout of $0.74 per share to its shareholders of record on Friday, May 12th. The ex-dividend date for this event was set on Thursday, May 11th, and the yield for this dividend amounts to 2.6%.
Overall, despite challenges posed by global unrest and market volatility in recent years, Coca Cola Europacific Partners’ stock still maintains significant attraction among institutional investors as well as small investors alike who rely on expert analysis and rating scores when making their investment decisions in the volatile market conditions experienced in those days . With its impressive performance history and steady dividend payouts thus far in 2023,CCEP is more likely to remain a key player in the beverage industry for many years to come.
