Coca-Cola Europacific Partners $CCEP Shares Purchased by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd increased its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 83.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,113 shares of the company’s stock after purchasing an additional 10,500 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Coca-Cola Europacific Partners were worth $2,096,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCEP. AQR Capital Management LLC raised its holdings in Coca-Cola Europacific Partners by 10.5% during the first quarter. AQR Capital Management LLC now owns 7,131 shares of the company’s stock worth $621,000 after purchasing an additional 677 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Coca-Cola Europacific Partners by 23.9% during the first quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock worth $70,000 after purchasing an additional 156 shares during the last quarter. Marshall Wace LLP acquired a new position in Coca-Cola Europacific Partners during the second quarter worth $653,000. Jump Financial LLC raised its holdings in Coca-Cola Europacific Partners by 18.8% during the second quarter. Jump Financial LLC now owns 25,666 shares of the company’s stock worth $2,380,000 after purchasing an additional 4,059 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new position in Coca-Cola Europacific Partners during the second quarter worth $202,000. 31.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays lifted their price objective on Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. The Goldman Sachs Group lifted their price objective on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. UBS Group lifted their price objective on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Evercore reissued an “outperform” rating and issued a $112.00 price target on shares of Coca-Cola Europacific Partners in a report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. boosted their price target on Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, February 18th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $106.00.

Coca-Cola Europacific Partners Price Performance

NASDAQ CCEP opened at $94.12 on Friday. Coca-Cola Europacific Partners has a fifty-two week low of $84.65 and a fifty-two week high of $110.90. The business has a fifty day moving average of $94.77 and a 200-day moving average of $94.08. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.80 and a quick ratio of 0.60.

Coca-Cola Europacific Partners Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Friday, May 15th will be issued a $0.82 dividend. This represents a dividend yield of 213.0%. The ex-dividend date of this dividend is Friday, May 15th.

Coca-Cola Europacific Partners Profile

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.