Harvest Fund Management Co. Ltd Has $3.11 Million Holdings in Coca-Cola Europacific Partners $CCEP

Harvest Fund Management Co. Ltd lifted its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 21.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 34,248 shares of the company’s stock after purchasing an additional 6,090 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Coca-Cola Europacific Partners were worth $3,106,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Fideuram Asset Management Ireland dac acquired a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth $55,000. Geneos Wealth Management Inc. increased its position in shares of Coca-Cola Europacific Partners by 23.9% during the first quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock worth $70,000 after buying an additional 156 shares during the period. Brown Brothers Harriman & Co. increased its position in shares of Coca-Cola Europacific Partners by 18.0% during the third quarter. Brown Brothers Harriman & Co. now owns 1,015 shares of the company’s stock worth $92,000 after buying an additional 155 shares during the period. Assetmark Inc. increased its position in shares of Coca-Cola Europacific Partners by 76.0% during the third quarter. Assetmark Inc. now owns 1,051 shares of the company’s stock worth $95,000 after buying an additional 454 shares during the period. Finally, Maseco LLP increased its position in shares of Coca-Cola Europacific Partners by 20.6% during the fourth quarter. Maseco LLP now owns 1,123 shares of the company’s stock worth $103,000 after buying an additional 192 shares during the period. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Up 3.0%

NASDAQ:CCEP opened at $94.74 on Friday. 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 has a fifty day simple moving average of $94.01 and a two-hundred day simple moving average of $94.25. Coca-Cola Europacific Partners has a 12 month low of $84.65 and a 12 month high of $110.90.

Coca-Cola Europacific Partners Announces Dividend

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

Analyst Ratings Changes

CCEP has been the subject of several recent analyst reports. The Goldman Sachs Group increased their price objective on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. UBS Group increased their price objective on shares of 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. Evercore reiterated 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. Weiss Ratings cut shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Finally, JPMorgan Chase & Co. increased their price objective on shares of 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. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $106.00.

Coca-Cola Europacific Partners 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.