Healthcare of Ontario Pension Plan Trust Fund Lowers Holdings in Coca-Cola Europacific Partners $CCEP

Healthcare of Ontario Pension Plan Trust Fund decreased its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 5.4% during the first quarter, Holdings Channel.com reports. The institutional investor owned 265,424 shares of the company’s stock after selling 15,095 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Coca-Cola Europacific Partners were worth $24,066,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Bayban purchased a new stake in Coca-Cola Europacific Partners in the fourth quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Coca-Cola Europacific Partners by 407.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the company’s stock valued at $32,000 after purchasing an additional 285 shares in the last quarter. Whipplewood Advisors LLC raised its holdings in shares of Coca-Cola Europacific Partners by 1,537.5% in the 1st quarter. Whipplewood Advisors LLC now owns 393 shares of the company’s stock valued at $36,000 after purchasing an additional 369 shares in the last quarter. Quarry LP lifted its position in shares of Coca-Cola Europacific Partners by 59.1% in the 4th quarter. Quarry LP now owns 393 shares of the company’s stock worth $36,000 after purchasing an additional 146 shares during the period. Finally, 1248 Management LLC purchased a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP opened at $105.11 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23. The company has a 50 day moving average price of $99.31 and a 200 day moving average price of $97.05. Coca-Cola Europacific Partners has a 52 week low of $84.65 and a 52 week high of $110.90.

Coca-Cola Europacific Partners Dividend Announcement

The company 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 of this dividend was Friday, May 15th.

Analysts Set New Price Targets

Several brokerages recently issued reports on CCEP. Wells Fargo & Company lifted their price objective on shares of Coca-Cola Europacific Partners from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, July 2nd. Barclays increased their target price on Coca-Cola Europacific Partners from $108.00 to $114.00 and gave the company an “overweight” rating in a research report on Tuesday, July 21st. Weiss Ratings lowered Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Finally, UBS Group upped their price objective on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $107.88.

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.