Fox Run Management L.L.C. Makes New $1.43 Million Investment in Coca-Cola Europacific Partners $CCEP

Fox Run Management L.L.C. purchased a new position in Coca-Cola Europacific Partners (NASDAQ:CCEP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,767 shares of the company’s stock, valued at approximately $1,430,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Intech Investment Management LLC acquired a new position in shares of Coca-Cola Europacific Partners in the 3rd quarter valued at about $980,000. Vestcor Inc lifted its stake in shares of Coca-Cola Europacific Partners by 14.4% in the 3rd quarter. Vestcor Inc now owns 80,665 shares of the company’s stock valued at $7,293,000 after purchasing an additional 10,125 shares in the last quarter. NEOS Investment Management LLC lifted its stake in shares of Coca-Cola Europacific Partners by 77.1% in the 3rd quarter. NEOS Investment Management LLC now owns 146,000 shares of the company’s stock valued at $13,200,000 after purchasing an additional 63,554 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Coca-Cola Europacific Partners by 10.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 152,283 shares of the company’s stock valued at $13,768,000 after purchasing an additional 13,800 shares in the last quarter. Finally, M&T Bank Corp lifted its stake in shares of Coca-Cola Europacific Partners by 298.4% in the 4th quarter. M&T Bank Corp now owns 25,603 shares of the company’s stock valued at $2,322,000 after purchasing an additional 19,176 shares in the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Up 0.5%

Coca-Cola Europacific Partners stock opened at $95.25 on Tuesday. The stock’s 50 day moving average price is $94.05 and its 200 day moving average price is $94.32. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.80 and a quick ratio of 0.60. Coca-Cola Europacific Partners has a one year low of $84.65 and a one year high of $110.90.

Coca-Cola Europacific Partners Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CCEP shares. Citigroup reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, February 19th. Evercore reaffirmed an “outperform” rating and issued a $112.00 price objective on shares of Coca-Cola Europacific Partners in a research note on Wednesday, February 18th. JPMorgan Chase & Co. lifted their price objective on Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. The Goldman Sachs Group boosted their price target on 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. Finally, UBS Group boosted their price target on 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. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $106.00.

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.