Coca-Cola Europacific Partners $CCEP Position Cut by Vanguard Group Inc.

Vanguard Group Inc. trimmed its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,925,382 shares of the company’s stock after selling 34,728 shares during the quarter. Vanguard Group Inc.’s holdings in Coca-Cola Europacific Partners were worth $1,008,428,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CCEP. AQR Capital Management LLC grew its holdings in Coca-Cola Europacific Partners by 10.5% in the 1st quarter. AQR Capital Management LLC now owns 7,131 shares of the company’s stock worth $621,000 after buying an additional 677 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Coca-Cola Europacific Partners by 23.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock valued at $70,000 after buying an additional 156 shares in the last quarter. Marshall Wace LLP bought a new position in Coca-Cola Europacific Partners in the 2nd quarter valued at about $653,000. Jump Financial LLC grew its position in Coca-Cola Europacific Partners by 18.8% in the 2nd quarter. Jump Financial LLC now owns 25,666 shares of the company’s stock valued at $2,380,000 after buying an additional 4,059 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in Coca-Cola Europacific Partners in the 2nd quarter valued at about $202,000. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Trading Down 0.4%

NASDAQ:CCEP opened at $94.18 on Friday. Coca-Cola Europacific Partners has a twelve month low of $84.65 and a twelve month high of $110.90. 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 company has a 50-day moving average of $98.21 and a 200-day moving average of $93.80.

Coca-Cola Europacific Partners Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Friday, May 15th will be given a dividend of $0.82 per share. The ex-dividend date is Friday, May 15th. This represents a dividend yield of 197.0%.

Wall Street Analysts Forecast Growth

CCEP has been the subject of a number of recent analyst reports. Barclays increased their target price on shares of Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the company an “overweight” rating in a research report on Thursday. Bank of America restated a “neutral” rating and issued a $96.00 target price (down from $102.00) on shares of Coca-Cola Europacific Partners in a research report on Wednesday, January 14th. Citigroup reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, February 19th. UBS Group increased their price target on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, The Goldman Sachs Group increased their price target on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and an average price target 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.