Healthcare of Ontario Pension Plan Trust Fund Has $25.44 Million Stock Position in Coca-Cola Europacific Partners $CCEP

Healthcare of Ontario Pension Plan Trust Fund lowered its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 280,519 shares of the company’s stock after selling 16,386 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.06% of Coca-Cola Europacific Partners worth $25,443,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CCEP. Quarry LP increased its position in shares of Coca-Cola Europacific Partners by 59.1% during the fourth quarter. Quarry LP now owns 393 shares of the company’s stock worth $36,000 after acquiring an additional 146 shares in the last quarter. 1248 Management LLC bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth about $38,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth about $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 acquiring an additional 156 shares in the last quarter. Finally, 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 acquiring an additional 155 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Up 0.1%

Shares of CCEP stock opened at $99.41 on Tuesday. Coca-Cola Europacific Partners has a 52-week low of $84.65 and a 52-week high of $110.90. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23. The company has a 50-day simple moving average of $94.70 and a two-hundred day simple moving average of $94.60.

Coca-Cola Europacific Partners Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their target price 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. Citigroup reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, February 19th. Wells Fargo & Company assumed coverage on shares of Coca-Cola Europacific Partners in a research report on Friday. They set an “overweight” rating and a $110.00 target price for the company. Evercore reissued an “outperform” rating and set a $112.00 target price on shares of Coca-Cola Europacific Partners in a research report on Wednesday, February 18th. Finally, Barclays boosted their target price on shares of 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. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $106.50.

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.