Fieldview Capital Management LLC Invests $925,000 in Coca-Cola Europacific Partners $CCEP

Fieldview Capital Management LLC acquired a new position in Coca-Cola Europacific Partners (NASDAQ:CCEP) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 10,203 shares of the company’s stock, valued at approximately $925,000.

A number of other hedge funds have also recently made changes to their positions in the business. Focus Partners Wealth boosted its stake in shares of Coca-Cola Europacific Partners by 3,228.8% in the fourth quarter. Focus Partners Wealth now owns 153,358 shares of the company’s stock worth $13,910,000 after acquiring an additional 148,751 shares during the period. Atlas Capital Advisors Inc. bought a new position in shares of Coca-Cola Europacific Partners in the fourth quarter worth about $307,000. Marshall Wace LLP bought a new position in shares of Coca-Cola Europacific Partners in the fourth quarter worth about $405,000. 1248 Management LLC bought a new position in shares of Coca-Cola Europacific Partners in the fourth quarter worth about $38,000. Finally, Quarry LP boosted its stake in shares of Coca-Cola Europacific Partners by 59.1% in the fourth quarter. Quarry LP now owns 393 shares of the company’s stock worth $36,000 after acquiring an additional 146 shares during the period. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP stock opened at $99.34 on Monday. Coca-Cola Europacific Partners has a 1 year low of $84.65 and a 1 year 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 stock’s 50 day simple moving average is $94.56 and its two-hundred day simple moving average is $94.54.

Coca-Cola Europacific Partners Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CCEP shares. Evercore reaffirmed an “outperform” rating and issued a $112.00 price objective on shares of Coca-Cola Europacific Partners in a research note on Wednesday, February 18th. 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 report on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 18th. Wells Fargo & Company initiated coverage on Coca-Cola Europacific Partners in a research report on Friday. They issued an “overweight” rating and a $110.00 target price on the stock. Finally, UBS Group boosted their target price on 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $106.50.

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.