Coca-Cola Europacific Partners $CCEP Shares Bought by National Pension Service

National Pension Service grew its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 13.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,163 shares of the company’s stock after purchasing an additional 17,157 shares during the period. National Pension Service’s holdings in Coca-Cola Europacific Partners were worth $13,166,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its stake in Coca-Cola Europacific Partners by 6.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 12,191 shares of the company’s stock worth $1,106,000 after purchasing an additional 738 shares in the last quarter. Savant Capital LLC increased its position in shares of Coca-Cola Europacific Partners by 13.3% during the fourth quarter. Savant Capital LLC now owns 11,157 shares of the company’s stock worth $1,012,000 after acquiring an additional 1,309 shares during the period. Flputnam Investment Management Co. increased its position in shares of Coca-Cola Europacific Partners by 23.3% during the fourth quarter. Flputnam Investment Management Co. now owns 4,919 shares of the company’s stock worth $446,000 after acquiring an additional 931 shares during the period. Fisher Asset Management LLC increased its position in shares of Coca-Cola Europacific Partners by 1.1% during the fourth quarter. Fisher Asset Management LLC now owns 38,175 shares of the company’s stock worth $3,463,000 after acquiring an additional 432 shares during the period. Finally, Swedbank AB increased its position in shares of Coca-Cola Europacific Partners by 1.5% during the fourth quarter. Swedbank AB now owns 181,203 shares of the company’s stock worth $16,435,000 after acquiring an additional 2,760 shares during the period. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CCEP has been the topic of a number of recent research reports. Evercore reaffirmed an “outperform” rating and set a $112.00 price objective on shares of Coca-Cola Europacific Partners in a research report on Wednesday, February 18th. Barclays upped their price objective 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. Citigroup reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, February 19th. UBS Group upped their price objective 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. Finally, Weiss Ratings lowered Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $106.00.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $90.69 on Monday. The business’s fifty day moving average price is $94.10 and its 200 day moving average price is $94.27. 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 has a 12 month low of $84.65 and a 12 month high of $110.90.

Coca-Cola Europacific Partners Dividend Announcement

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

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.