Latest news with #Coca-ColaEuropacificPartners
7NEWS
4 days ago
- Business
- 7NEWS
Brisbane cracks open $75m mega Coca-Cola canning line to quench energy drink thirst
With energy drink demand bubbling over, Coca-Cola Europacific Partners (CCEP) has poured $75 million into a new mega canning line in Australia. The state-of-the-art production line at the company's Richlands site in Brisbane, Queensland, was recently opened — and unveiled a rare glimpse inside the factory. WATCH THE VIDEO ABOVE: Coke's largest canning line unveiled in Brisbane. If canning at full capacity, the new line pumps out 2,000 cans per minute, 120,000 per hour, and nearly three million each day. It is set to keep up with the nation's craving for high-caffeine drinks such as Monster and Mother, as well as fizzy favourites such as Coca-Cola, Sprite and Fanta. 'This is a landmark moment for our operations in Australia,' CCEP Australia managing director Orlando Rodriguez said. 'Richlands is our largest manufacturing site in our Australian network, and now it's home to our most efficient and largest canning line to date in our global network — bolstering Queensland 's thriving manufacturing industry and supporting Aussie jobs.' The 18-month build provided work for more than 250 local contractors and the new line has already created 18 full-time jobs. 'It's a real win for Queensland manufacturing and a real win for local jobs, ' CCEP Australian director of manufacturing Tom Scheibling said. 'It really is a major investment in our people here in Richlands.' Rodriguez said the investment reflects the company's commitment to local production and reducing environmental impact. 'Our philosophy is centred on making it where we sell it — reducing the distance our products travel, cutting emissions and keeping shelves stocked more efficiently.' The new line is as smart as it is speedy, using room-temperature can filling to slash energy use by 23 per cent compared with older lines. A boosted water treatment system ups water efficiency by 67 per cent. Coca-Cola drinks have been made in Australia for nearly 90 years. The company now employs more than 3,000 people nationwide — more than 700 of them in Queensland.
Yahoo
12-05-2025
- Business
- Yahoo
Coca-Cola announces major change to how it produces its soft drinks: 'Will incorporate sophisticated systems'
This April, Coca-Cola's U.K. arm took a small step toward sustainability by beginning its own in-house nitrogen production at its largest European soft drinks facility, Yorkshire Live reported. The factory, a soda bottling plant in Wakefield, West Yorkshire, produces 420,000 cans per hour of popular sodas such as Coca-Cola, Fanta, Sprite, Monster, and Relentless. That total represents about one-third of all the soft drinks Coca-Cola sells in the U.K. To produce them, Coca-Cola has previously used nitrogen transported to the plant in tankers from third-party sources. This increases the amount of fuel being consumed and pollution being produced to supply the plant, which is one reason Coca-Cola wants to move the nitrogen production in-house, not to mention the cost savings. "The proposed nitrogen generation plant will reduce the number of deliveries, with obvious environmental and cost benefits," said Coca-Cola Europacific Partners in a statement. "The proposed plant will incorporate sophisticated systems for the detection and warning of nitrogen leaks." Even if there were a leak, the danger would be limited. In an enclosed space, concentrated nitrogen can displace oxygen, so detecting leaks is important for worker safety, but the atmosphere is already mostly nitrogen, as the National Oceanic and Atmospheric Administration explained, so once any escaped nitrogen clears the building, it will be harmless. A few local residents still object to the project on the grounds that the new nitrogen tanks will be an "eyesore" and the process may be noisy, Yorkshire Live reported. But officials have determined that the addition will stay within the original grounds of the plant and be within the scope of its operations, so it's being allowed to proceed. Ultimately, Coca-Cola still has a long way to go to make its products and operations fully eco-friendly, as it currently generates a huge amount of unnecessary waste and pollution. However, this is a step in the right direction. Which of these factors would most effectively motivate you to buy a refillable product? Saving money Reducing plastic waste Using less shelf space at home Getting easy refill deliveries Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
08-05-2025
- Business
- Business Insider
Analysts' Opinions Are Mixed on These Consumer Goods Stocks: Clorox (CLX) and Coca-Cola Europacific Partners (CCEP)
Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Clorox (CLX – Research Report) and Coca-Cola Europacific Partners (CCEP – Research Report). Protect Your Portfolio Against Market Uncertainty Clorox (CLX) In a report issued on May 6, Nik Modi from RBC Capital maintained a Hold rating on Clorox, with a price target of $147.00. The company's shares closed last Wednesday at $136.48. According to Modi is a 4-star analyst with an average return of 3.5% and a 54.6% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as Edgewell Personal Care, Mondelez International, and Constellation Brands. The word on The Street in general, suggests a Hold analyst consensus rating for Clorox with a $145.42 average price target, a 7.7% upside from current levels. In a report issued on May 5, Wells Fargo also maintained a Hold rating on the stock with a $142.00 price target. Kepler Capital analyst Richard Withagen maintained a Sell rating on Coca-Cola Europacific Partners on May 6 and set a price target of EUR73.00. The company's shares closed last Wednesday at $91.05.
Yahoo
02-05-2025
- Business
- Yahoo
Coca-Cola Europacific Partners (AMS:CCEP) Will Pay A Dividend Of €0.79
Coca-Cola Europacific Partners PLC's (AMS:CCEP) investors are due to receive a payment of €0.79 per share on 27th of May. This makes the dividend yield about the same as the industry average at 2.5%. Our free stock report includes 2 warning signs investors should be aware of before investing in Coca-Cola Europacific Partners. Read for free now. We aren't too impressed by dividend yields unless they can be sustained over time. The last dividend was quite easily covered by Coca-Cola Europacific Partners' earnings. This indicates that quite a large proportion of earnings is being invested back into the business. Looking forward, earnings per share is forecast to rise by 56.8% over the next year. Assuming the dividend continues along recent trends, we think the payout ratio could be 46% by next year, which is in a pretty sustainable range. See our latest analysis for Coca-Cola Europacific Partners Even in its relatively short history, the company has reduced the dividend at least once. This suggests that the dividend might not be the most reliable. Since 2016, the dividend has gone from €0.68 total annually to €1.97. This works out to be a compound annual growth rate (CAGR) of approximately 13% a year over that time. Coca-Cola Europacific Partners has grown distributions at a rapid rate despite cutting the dividend at least once in the past. Companies that cut once often cut again, so we would be cautious about buying this stock solely for the dividend income. Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future. It's encouraging to see that Coca-Cola Europacific Partners has been growing its earnings per share at 5.7% a year over the past five years. Earnings are on the uptrend, and it is only paying a small portion of those earnings to shareholders. Overall, this is a reasonable dividend, and it being raised is an added bonus. The dividend has been at reasonable levels historically, but that hasn't translated into a consistent payment. Taking all of this into consideration, the dividend looks viable moving forward, but investors should be mindful that the company has pushed the boundaries of sustainability in the past and may do so again. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. However, there are other things to consider for investors when analysing stock performance. For instance, we've picked out 2 warning signs for Coca-Cola Europacific Partners that investors should take into consideration. Is Coca-Cola Europacific Partners not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Business Insider
01-05-2025
- Business
- Business Insider
Analysts Have Conflicting Sentiments on These Consumer Goods Companies: General Mills (GIS) and Coca-Cola Europacific Partners (CCEP)
Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on General Mills (GIS – Research Report) and Coca-Cola Europacific Partners (CCEP – Research Report). Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. General Mills (GIS) Bank of America Securities analyst Peter Galbo maintained a Buy rating on General Mills yesterday. The company's shares closed last Wednesday at $56.74, close to its 52-week low of $55.15. According to Galbo is a 2-star analyst with an average return of 0.3% and a 47.6% success rate. Galbo covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Lamb Weston Holdings, and The Hershey Company. The word on The Street in general, suggests a Hold analyst consensus rating for General Mills with a $61.13 average price target. Coca-Cola Europacific Partners (CCEP) Kepler Capital analyst Richard Withagen maintained a Sell rating on Coca-Cola Europacific Partners on April 29 and set a price target of EUR73.00. The company's shares closed last Wednesday at $90.74. According to Withagen is ranked #6925 out of 9437 analysts. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Coca-Cola Europacific Partners with a $93.43 average price target.
