Harvest Fund Management Co. Ltd Has $3.11 Million Position in Coca-Cola Europacific Partners $CCEP

Harvest Fund Management Co. Ltd grew its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 21.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,248 shares of the company’s stock after buying an additional 6,090 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Coca-Cola Europacific Partners were worth $3,106,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Daiwa Securities Group Inc. raised its position in shares of Coca-Cola Europacific Partners by 5.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 59,350 shares of the company’s stock valued at $5,383,000 after buying an additional 3,098 shares in the last quarter. Cibc World Market Inc. increased its position in Coca-Cola Europacific Partners by 2.1% during the 4th quarter. Cibc World Market Inc. now owns 24,200 shares of the company’s stock worth $2,195,000 after purchasing an additional 509 shares in the last quarter. TD Asset Management Inc lifted its stake in Coca-Cola Europacific Partners by 4.3% in the 4th quarter. TD Asset Management Inc now owns 648,833 shares of the company’s stock valued at $58,849,000 after purchasing an additional 26,523 shares during the last quarter. Lido Advisors LLC acquired a new stake in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $201,000. Finally, CIBC Asset Management Inc boosted its position in Coca-Cola Europacific Partners by 6.2% in the fourth quarter. CIBC Asset Management Inc now owns 115,520 shares of the company’s stock valued at $10,478,000 after buying an additional 6,706 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Up 3.0%

Shares of NASDAQ CCEP opened at $94.74 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.60 and a current ratio of 0.80. Coca-Cola Europacific Partners has a 52-week low of $84.65 and a 52-week high of $110.90. The firm has a 50 day moving average price of $94.01 and a two-hundred day moving average price of $94.25.

Coca-Cola Europacific Partners Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CCEP shares. UBS Group upped their price target on shares of Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. 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. Barclays increased their price target on Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Citigroup reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, February 19th. Finally, JPMorgan Chase & Co. increased their price target on Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $106.00.

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.