Ilmarinen Mutual Pension Insurance Co decreased its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP – Free Report) by 39.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 93,500 shares of the company’s stock after selling 61,500 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Coca-Cola Europacific Partners were worth $8,480,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Park Avenue Securities LLC raised its holdings in shares of Coca-Cola Europacific Partners by 1.9% in the fourth quarter. Park Avenue Securities LLC now owns 6,373 shares of the company’s stock worth $578,000 after buying an additional 119 shares during the period. Howard Capital Management Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 2.9% in the fourth quarter. Howard Capital Management Inc. now owns 4,451 shares of the company’s stock worth $404,000 after buying an additional 125 shares during the period. Aaron Wealth Advisors LLC raised its holdings in shares of Coca-Cola Europacific Partners by 5.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 2,728 shares of the company’s stock worth $247,000 after buying an additional 129 shares during the period. Genesee Capital Advisors LLC raised its holdings in shares of Coca-Cola Europacific Partners by 1.2% in the fourth quarter. Genesee Capital Advisors LLC now owns 11,257 shares of the company’s stock worth $1,021,000 after buying an additional 137 shares during the period. Finally, CWM LLC raised its holdings in shares of Coca-Cola Europacific Partners by 11.1% in the fourth quarter. CWM LLC now owns 1,370 shares of the company’s stock worth $124,000 after buying an additional 137 shares during the period. 31.35% of the stock is currently owned by hedge funds and other institutional investors.
Coca-Cola Europacific Partners Stock Down 2.5%
Shares of CCEP stock opened at $92.29 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 fifty day simple moving average of $94.20 and a two-hundred day simple moving average of $94.27. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23.
Coca-Cola Europacific Partners Announces Dividend
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on CCEP. Citigroup reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, February 19th. The Goldman Sachs Group increased their price target on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Weiss Ratings downgraded Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. JPMorgan Chase & Co. increased their price target on Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, February 18th. Finally, UBS Group increased their price target on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $106.00.
View Our Latest Stock Analysis on CCEP
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.
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