392,745 Shares in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Purchased by Point72 Europe London LLP

Point72 Europe London LLP purchased a new position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 392,745 shares of the company's stock, valued at approximately $30,167,000. Coca-Cola Europacific Partners accounts for approximately 1.7% of Point72 Europe London LLP's holdings, making the stock its 15th biggest position. Point72 Europe London LLP owned about 0.09% of Coca-Cola Europacific Partners at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CCEP. Miracle Mile Advisors LLC acquired a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at about $455,000. Assenagon Asset Management S.A. increased its position in shares of Coca-Cola Europacific Partners by 1.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 19,851 shares of the company's stock valued at $1,525,000 after buying an additional 260 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Coca-Cola Europacific Partners by 16.4% during the 4th quarter. Park Avenue Securities LLC now owns 18,056 shares of the company's stock worth $1,387,000 after buying an additional 2,548 shares during the period. Redhawk Wealth Advisors Inc. lifted its position in shares of Coca-Cola Europacific Partners by 39.9% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 6,423 shares of the company's stock valued at $493,000 after buying an additional 1,832 shares in the last quarter. Finally, HB Wealth Management LLC lifted its position in shares of Coca-Cola Europacific Partners by 7.0% during the 4th quarter. HB Wealth Management LLC now owns 3,690 shares of the company's stock valued at $283,000 after buying an additional 243 shares in the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Down 0.9%

Shares of NASDAQ CCEP opened at $86.62 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The company has a 50-day moving average of $86.70 and a 200 day moving average of $81.49. The stock has a market cap of $39.93 billion, a PE ratio of 17.82, a P/E/G ratio of 4.89 and a beta of 0.77. Coca-Cola Europacific Partners PLC has a 12-month low of $70.82 and a 12-month high of $91.37.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be issued a $0.8993 dividend. This represents a yield of 2.4%. The ex-dividend date of this dividend is Friday, May 16th. Coca-Cola Europacific Partners's payout ratio is currently 16.26%.

Analysts Set New Price Targets

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

Coca-Cola Europacific Partners 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.

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