National Pension Service Has $11.57 Million Holdings in Coca-Cola Europacific Partners $CCEP

National Pension Service raised its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 27.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,006 shares of the company’s stock after acquiring an additional 27,411 shares during the period. National Pension Service’s holdings in Coca-Cola Europacific Partners were worth $11,573,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. grew its position in Coca-Cola Europacific Partners by 14.7% during the 2nd quarter. Invesco Ltd. now owns 11,858,949 shares of the company’s stock worth $1,099,562,000 after acquiring an additional 1,523,055 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 8.1% during the 2nd quarter. Vanguard Group Inc. now owns 10,682,027 shares of the company’s stock worth $984,804,000 after buying an additional 798,427 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Coca-Cola Europacific Partners by 138.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,835,583 shares of the company’s stock worth $527,595,000 after purchasing an additional 3,392,680 shares during the period. Truist Financial Corp increased its position in Coca-Cola Europacific Partners by 10,480.7% in the 3rd quarter. Truist Financial Corp now owns 4,756,043 shares of the company’s stock valued at $429,994,000 after buying an additional 4,711,093 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Coca-Cola Europacific Partners by 5.3% during the second quarter. State Street Corp now owns 4,729,040 shares of the company’s stock valued at $438,477,000 after acquiring an additional 239,400 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CCEP has been the subject of several recent research reports. UBS Group decreased their price target on Coca-Cola Europacific Partners from $105.00 to $103.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Citigroup restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Friday, January 9th. Bank of America reissued a “neutral” rating and issued a $96.00 price objective (down previously from $102.00) on shares of Coca-Cola Europacific Partners in a report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $114.00 price objective on shares of Coca-Cola Europacific Partners in a research note on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a report on Tuesday, January 27th. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.80.

Coca-Cola Europacific Partners Price Performance

CCEP stock opened at $92.20 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65. The firm has a 50-day moving average of $90.38 and a 200 day moving average of $90.86. Coca-Cola Europacific Partners has a 1 year low of $76.97 and a 1 year high of $100.67.

Coca-Cola Europacific Partners Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Friday, November 14th were given a dividend of $1.25 per share. This represents a dividend yield of 277.0%. The ex-dividend date was Friday, November 14th.

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.