Coca-Cola Europacific Partners $CCEP Shares Sold by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI lowered its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 12.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,010,460 shares of the company’s stock after selling 149,676 shares during the period. Fiduciary Management Inc. WI owned 0.22% of Coca-Cola Europacific Partners worth $91,649,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new position in Coca-Cola Europacific Partners during the third quarter worth $980,000. Vestcor Inc raised its position in Coca-Cola Europacific Partners by 14.4% in the third quarter. Vestcor Inc now owns 80,665 shares of the company’s stock valued at $7,293,000 after purchasing an additional 10,125 shares during the period. NEOS Investment Management LLC raised its position in Coca-Cola Europacific Partners by 77.1% in the third quarter. NEOS Investment Management LLC now owns 146,000 shares of the company’s stock valued at $13,200,000 after purchasing an additional 63,554 shares during the period. Public Sector Pension Investment Board raised its position in Coca-Cola Europacific Partners by 10.0% in the third quarter. Public Sector Pension Investment Board now owns 152,283 shares of the company’s stock valued at $13,768,000 after purchasing an additional 13,800 shares during the period. Finally, M&T Bank Corp raised its position in Coca-Cola Europacific Partners by 298.4% in the fourth quarter. M&T Bank Corp now owns 25,603 shares of the company’s stock valued at $2,322,000 after purchasing an additional 19,176 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

CCEP stock opened at $94.74 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23. Coca-Cola Europacific Partners has a 12-month low of $84.65 and a 12-month high of $110.90. The business’s fifty day moving average price is $94.01 and its 200 day moving average price is $94.25.

Coca-Cola Europacific Partners Announces Dividend

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

Analysts Set New Price Targets

CCEP has been the topic of a number of research analyst reports. UBS Group lifted their target price on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings downgraded Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Barclays lifted their target price on Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. lifted their target price on Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Finally, The Goldman Sachs Group lifted their target price on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.

About Coca-Cola Europacific Partners

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.