Fieldview Capital Management LLC Acquires Shares of 10,203 Coca-Cola Europacific Partners $CCEP

Fieldview Capital Management LLC acquired a new stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 10,203 shares of the company’s stock, valued at approximately $925,000.

Several other hedge funds have also recently modified their holdings of CCEP. AQR Capital Management LLC raised its stake in shares of Coca-Cola Europacific Partners by 10.5% in 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 stake in shares of Coca-Cola Europacific Partners by 23.9% in 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 purchased a new position in shares of Coca-Cola Europacific Partners in the second quarter worth $653,000. Jump Financial LLC raised its stake in shares of Coca-Cola Europacific Partners by 18.8% in 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 purchased a new position in shares of Coca-Cola Europacific Partners in the second quarter worth $202,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Analysts Set New Price Targets

CCEP has been the subject of several recent analyst reports. Evercore restated an “outperform” rating and issued a $112.00 price target on shares of Coca-Cola Europacific Partners in a research note on Wednesday, February 18th. 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 research note on Wednesday, February 18th. Citigroup restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, February 19th. Wells Fargo & Company began coverage on Coca-Cola Europacific Partners in a report on Friday. They issued an “overweight” rating and a $110.00 price objective for the company. Finally, Weiss Ratings lowered Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $106.50.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $99.34 on Monday. The stock has a 50-day simple moving average of $94.56 and a two-hundred day simple moving average of $94.54. Coca-Cola Europacific Partners has a 52-week low of $84.65 and a 52-week high of $110.90. 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 Dividend Announcement

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

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.