Vestcor Inc Sells 5,580 Shares of Coca-Cola Europacific Partners $CCEP

Vestcor Inc lowered its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,085 shares of the company’s stock after selling 5,580 shares during the quarter. Vestcor Inc’s holdings in Coca-Cola Europacific Partners were worth $6,810,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CCEP. AQR Capital Management LLC raised its holdings in shares of Coca-Cola Europacific Partners by 10.5% in the 1st quarter. AQR Capital Management LLC now owns 7,131 shares of the company’s stock valued at $621,000 after purchasing an additional 677 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 23.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock valued at $70,000 after purchasing an additional 156 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Coca-Cola Europacific Partners in the 2nd quarter valued at about $653,000. Jump Financial LLC raised its holdings in shares of Coca-Cola Europacific Partners by 18.8% in the 2nd quarter. Jump Financial LLC now owns 25,666 shares of the company’s stock valued at $2,380,000 after purchasing an additional 4,059 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of Coca-Cola Europacific Partners in the 2nd quarter valued at about $202,000. Institutional investors own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CCEP. Evercore restated an “outperform” rating and issued a $112.00 price target on shares of Coca-Cola Europacific Partners in a report on Wednesday, February 18th. Weiss Ratings downgraded shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. UBS Group lifted 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. Citigroup reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, February 19th. Finally, Barclays lifted their price objective 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. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $106.00.

Coca-Cola Europacific Partners Stock Performance

Shares of Coca-Cola Europacific Partners stock opened at $94.74 on Friday. The firm’s 50 day moving average price is $94.01 and its 200-day moving average price is $94.25. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23. Coca-Cola Europacific Partners has a 52-week low of $84.65 and a 52-week high of $110.90.

Coca-Cola Europacific Partners Announces Dividend

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

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.