25,500 Shares in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Bought by Crestline Management LP

Crestline Management LP purchased a new stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 25,500 shares of the company's stock, valued at approximately $1,959,000.

A number of other hedge funds also recently made changes to their positions in CCEP. SBI Securities Co. Ltd. bought a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter worth about $27,000. Optiver Holding B.V. acquired a new stake in Coca-Cola Europacific Partners during the fourth quarter valued at approximately $29,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Coca-Cola Europacific Partners by 85.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock valued at $33,000 after acquiring an additional 197 shares during the period. Summit Securities Group LLC acquired a new position in Coca-Cola Europacific Partners in the 4th quarter valued at approximately $34,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Coca-Cola Europacific Partners during the 4th quarter worth $52,000. Institutional investors and hedge funds own 31.35% of the company's stock.

Coca-Cola Europacific Partners Stock Performance

CCEP remained flat at $87.67 during midday trading on Tuesday. 588,648 shares of the company's stock traded hands, compared to its average volume of 1,718,980. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. The company has a market capitalization of $40.41 billion, a P/E ratio of 18.04, a PEG ratio of 4.89 and a beta of 0.77. Coca-Cola Europacific Partners PLC has a 52-week low of $70.82 and a 52-week high of $91.37. The firm has a fifty day moving average price of $86.56 and a 200-day moving average price of $81.42.

Coca-Cola Europacific Partners Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be given a dividend of $0.8993 per share. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, May 16th. Coca-Cola Europacific Partners's dividend payout ratio is 16.26%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Evercore ISI increased their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Barclays increased their price target on shares of Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. UBS Group increased their price target on shares of Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Finally, Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Coca-Cola Europacific Partners has a consensus rating of "Moderate Buy" and an average price target of $88.50.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. It offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.