Cullen Capital Management LLC Has $53.48 Million Position in Coca-Cola Europacific Partners $CCEP

Cullen Capital Management LLC lifted its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 576,776 shares of the company’s stock after acquiring an additional 12,984 shares during the period. Cullen Capital Management LLC owned approximately 0.13% of Coca-Cola Europacific Partners worth $53,479,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in Coca-Cola Europacific Partners in the second quarter valued at approximately $381,335,000. Invesco Ltd. increased its position in shares of Coca-Cola Europacific Partners by 14.7% in the 2nd quarter. Invesco Ltd. now owns 11,858,949 shares of the company’s stock valued at $1,099,562,000 after buying an additional 1,523,055 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Coca-Cola Europacific Partners by 24.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,205,337 shares of the company’s stock valued at $540,050,000 after buying an additional 1,214,493 shares in the last quarter. Vanguard Group Inc. raised its stake in Coca-Cola Europacific Partners by 8.1% during the 2nd quarter. Vanguard Group Inc. now owns 10,682,027 shares of the company’s stock worth $984,804,000 after buying an additional 798,427 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Coca-Cola Europacific Partners by 32.8% during the second quarter. Bank of America Corp DE now owns 2,870,553 shares of the company’s stock worth $266,158,000 after acquiring an additional 709,723 shares in the last quarter. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Price Performance

CCEP stock opened at $90.80 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 1.15. Coca-Cola Europacific Partners has a fifty-two week low of $73.40 and a fifty-two week high of $100.67. The business has a 50-day moving average of $90.13 and a 200-day moving average of $91.67.

Coca-Cola Europacific Partners Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Friday, November 14th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a yield of 277.0%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, November 28th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $99.33.

About Coca-Cola Europacific Partners

Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. It offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.