Healthcare of Ontario Pension Plan Trust Fund Sells 16,386 Shares of Coca-Cola Europacific Partners $CCEP

Healthcare of Ontario Pension Plan Trust Fund reduced its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 5.5% in the fourth quarter, Holdings Channel reports. The fund owned 280,519 shares of the company’s stock after selling 16,386 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Coca-Cola Europacific Partners were worth $25,443,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CCEP shares. JPMorgan Chase & Co. increased their target price on shares of Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Citigroup reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, February 19th. 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, April 30th. UBS Group increased their target price on shares of Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, The Goldman Sachs Group upped their price target on shares of 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. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and an average price target of $106.50.

Coca-Cola Europacific Partners Stock Up 0.1%

Shares of CCEP stock opened at $99.41 on Tuesday. 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 firm’s 50 day moving average is $94.70 and its 200 day moving average is $94.60. 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 declared a dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 15th were paid a dividend of $0.82 per share. This represents a dividend yield of 213.0%. The ex-dividend date was Friday, May 15th.

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.