Fiduciary Management Inc. WI Cuts Stock Position in Coca-Cola Europacific Partners $CCEP

Fiduciary Management Inc. WI lessened its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 12.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,010,460 shares of the company’s stock after selling 149,676 shares during the quarter. Fiduciary Management Inc. WI’s holdings in Coca-Cola Europacific Partners were worth $91,649,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CCEP. AQR Capital Management LLC grew its stake in Coca-Cola Europacific Partners by 10.5% during the 1st quarter. AQR Capital Management LLC now owns 7,131 shares of the company’s stock worth $621,000 after purchasing an additional 677 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Coca-Cola Europacific Partners by 23.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock worth $70,000 after purchasing an additional 156 shares in the last quarter. Marshall Wace LLP acquired a new position in Coca-Cola Europacific Partners during the 2nd quarter worth $653,000. Jump Financial LLC grew its stake in Coca-Cola Europacific Partners by 18.8% during the 2nd 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 in the last quarter. Finally, WINTON GROUP Ltd acquired a new position in Coca-Cola Europacific Partners during the 2nd quarter worth $202,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

CCEP has been the subject of several recent analyst reports. Barclays boosted their target price on Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Weiss Ratings downgraded shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Citigroup restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, February 19th. The Goldman Sachs Group boosted their price objective on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Finally, UBS Group boosted their price objective on shares of Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Seven 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 stock has an average rating of “Moderate Buy” and an average target price of $106.00.

Coca-Cola Europacific Partners Stock Up 3.0%

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

Coca-Cola Europacific Partners Dividend Announcement

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

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.