Coca-Cola Europacific Partners $CCEP Shares Acquired by National Pension Service

National Pension Service lifted its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 13.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 145,163 shares of the company’s stock after purchasing an additional 17,157 shares during the period. National Pension Service’s holdings in Coca-Cola Europacific Partners were worth $13,166,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Park Avenue Securities LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 1.9% during the 4th quarter. Park Avenue Securities LLC now owns 6,373 shares of the company’s stock worth $578,000 after purchasing an additional 119 shares during the last quarter. Howard Capital Management Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 2.9% during the 4th quarter. Howard Capital Management Inc. now owns 4,451 shares of the company’s stock worth $404,000 after purchasing an additional 125 shares during the last quarter. Aaron Wealth Advisors LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 5.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 2,728 shares of the company’s stock worth $247,000 after purchasing an additional 129 shares during the last quarter. Genesee Capital Advisors LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 1.2% during the 4th quarter. Genesee Capital Advisors LLC now owns 11,257 shares of the company’s stock worth $1,021,000 after purchasing an additional 137 shares during the last quarter. Finally, CWM LLC lifted its holdings in Coca-Cola Europacific Partners by 11.1% in the fourth quarter. CWM LLC now owns 1,370 shares of the company’s stock valued at $124,000 after acquiring an additional 137 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Price Performance

NASDAQ:CCEP opened at $90.69 on Monday. 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 stock’s fifty day moving average is $94.10 and its two-hundred day moving average is $94.27. Coca-Cola Europacific Partners has a 52 week low of $84.65 and a 52 week high of $110.90.

Coca-Cola Europacific Partners Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, May 27th. Shareholders of record on Friday, May 15th were paid a dividend of $0.82 per share. This represents a yield of 213.0%. The ex-dividend date was Friday, May 15th.

Analyst Upgrades and Downgrades

CCEP has been the topic of a number of recent analyst reports. The Goldman Sachs Group upped their price objective on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. JPMorgan Chase & Co. upped their price objective on Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. UBS Group upped their price objective on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Barclays upped their price objective on Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Evercore reiterated an “outperform” rating and issued a $112.00 price objective on shares of Coca-Cola Europacific Partners 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $106.00.

Coca-Cola Europacific Partners Company 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.