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 shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) during the fourth quarter, according to its most recent 13F 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 makes up 1.7% of Point72 Europe London LLP's holdings, making the stock its 15th largest holding. Point72 Europe London LLP owned approximately 0.09% of Coca-Cola Europacific Partners as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of CCEP. Cibc World Markets Corp lifted its holdings in Coca-Cola Europacific Partners by 1.4% during the fourth quarter. Cibc World Markets Corp now owns 10,200 shares of the company's stock worth $783,000 after acquiring an additional 139 shares during the period. TIAA Trust National Association raised its stake in Coca-Cola Europacific Partners by 4.4% in the 4th quarter. TIAA Trust National Association now owns 3,420 shares of the company's stock valued at $263,000 after acquiring an additional 145 shares during the period. Moody Lynn & Lieberson LLC lifted its stake in shares of Coca-Cola Europacific Partners by 5.0% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company's stock valued at $242,000 after buying an additional 150 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Coca-Cola Europacific Partners by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 53,142 shares of the company's stock worth $4,087,000 after buying an additional 155 shares during the period. Finally, Blue Trust Inc. grew its stake in Coca-Cola Europacific Partners by 16.2% in the 4th quarter. Blue Trust Inc. now owns 1,189 shares of the company's stock valued at $94,000 after buying an additional 166 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company's stock.

Coca-Cola Europacific Partners Stock Down 0.2%

CCEP stock traded down $0.19 during trading on Tuesday, hitting $88.51. 432,817 shares of the company's stock traded hands, compared to its average volume of 2,327,870. Coca-Cola Europacific Partners PLC has a 1 year low of $70.82 and a 1 year high of $91.37. The business has a fifty day simple moving average of $87.06 and a two-hundred day simple moving average of $81.82. The firm has a market capitalization of $40.80 billion, a P/E ratio of 18.21, a PEG ratio of 4.89 and a beta of 0.77. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

Coca-Cola Europacific Partners Cuts Dividend

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

Analysts Set New Price Targets

CCEP has been the topic of several recent analyst reports. Evercore ISI increased their target price 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. 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 report on Wednesday, April 30th. 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. Finally, Barclays raised their price objective 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.