Fox Run Management L.L.C. Makes New Investment in Coca-Cola Europacific Partners $CCEP

Fox Run Management L.L.C. acquired a new position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEPFree Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 15,767 shares of the company’s stock, valued at approximately $1,430,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Cerity Partners LLC increased its holdings in Coca-Cola Europacific Partners by 19.2% during the 4th quarter. Cerity Partners LLC now owns 16,261 shares of the company’s stock worth $1,475,000 after purchasing an additional 2,620 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Coca-Cola Europacific Partners by 6.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 33,799 shares of the company’s stock worth $3,066,000 after purchasing an additional 1,935 shares during the last quarter. Syon Capital LLC increased its holdings in Coca-Cola Europacific Partners by 5.6% during the 4th quarter. Syon Capital LLC now owns 4,397 shares of the company’s stock worth $399,000 after purchasing an additional 233 shares during the last quarter. ING Groep NV increased its holdings in Coca-Cola Europacific Partners by 55.6% during the 4th quarter. ING Groep NV now owns 10,905 shares of the company’s stock worth $989,000 after purchasing an additional 3,895 shares during the last quarter. Finally, 111 Capital increased its holdings in shares of Coca-Cola Europacific Partners by 34.9% in the 4th quarter. 111 Capital now owns 22,154 shares of the company’s stock valued at $2,033,000 after acquiring an additional 5,732 shares during the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

CCEP stock opened at $95.25 on Tuesday. 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 has a 1 year low of $84.65 and a 1 year high of $110.90. The stock’s fifty day moving average is $94.05 and its two-hundred day moving average is $94.32.

Coca-Cola Europacific Partners Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group boosted their price target on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. The Goldman Sachs Group boosted their price target on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Citigroup reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, February 19th. Weiss Ratings downgraded Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Finally, JPMorgan Chase & Co. boosted their price target on Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $106.00.

View Our Latest Stock Analysis on Coca-Cola Europacific Partners

Coca-Cola Europacific Partners Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Coca-Cola Europacific Partners (NASDAQ:CCEP)

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