Epoch Investment Partners Inc. Sells 76,878 Shares of Coca-Cola Europacific Partners $CCEP

Epoch Investment Partners Inc. lessened its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 6.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,087,256 shares of the company’s stock after selling 76,878 shares during the period. Epoch Investment Partners Inc. owned 0.24% of Coca-Cola Europacific Partners worth $98,614,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. AQR Capital Management LLC boosted its stake in shares of Coca-Cola Europacific Partners by 10.5% in the first quarter. AQR Capital Management LLC now owns 7,131 shares of the company’s stock worth $621,000 after acquiring an additional 677 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Coca-Cola Europacific Partners by 23.9% in 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 during the period. Marshall Wace LLP bought a new position in shares of Coca-Cola Europacific Partners in the second quarter worth about $653,000. Jump Financial LLC boosted its stake in shares of Coca-Cola Europacific Partners by 18.8% in the second quarter. Jump Financial LLC now owns 25,666 shares of the company’s stock worth $2,380,000 after acquiring an additional 4,059 shares during the period. Finally, WINTON GROUP Ltd bought a new position in shares of Coca-Cola Europacific Partners in the second quarter worth about $202,000. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Price Performance

NASDAQ:CCEP opened at $99.34 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23. Coca-Cola Europacific Partners has a 12 month low of $84.65 and a 12 month high of $110.90. The business’s 50-day moving average is $94.56 and its 200 day moving average is $94.51.

Coca-Cola Europacific Partners Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. 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. upped their price objective on Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. Wells Fargo & Company assumed coverage on Coca-Cola Europacific Partners in a research note on Friday. They issued an “overweight” rating and a $110.00 price objective for the company. Weiss Ratings lowered Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research note 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $106.50.

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.