Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Bought by Axa S.A.

AXA S.A. raised its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 31.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 78,307 shares of the company's stock after purchasing an additional 18,797 shares during the period. AXA S.A.'s holdings in Coca-Cola Europacific Partners were worth $6,015,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Invesco Ltd. boosted its stake in shares of Coca-Cola Europacific Partners by 26.3% during the fourth quarter. Invesco Ltd. now owns 10,119,928 shares of the company's stock valued at $777,312,000 after purchasing an additional 2,105,019 shares in the last quarter. FMR LLC increased its holdings in shares of Coca-Cola Europacific Partners by 3.3% in the 4th quarter. FMR LLC now owns 7,234,642 shares of the company's stock valued at $555,693,000 after acquiring an additional 229,679 shares during the period. Amundi raised its position in shares of Coca-Cola Europacific Partners by 2.9% in the 4th quarter. Amundi now owns 3,078,851 shares of the company's stock worth $233,716,000 after acquiring an additional 87,675 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Coca-Cola Europacific Partners by 43.3% during the 4th quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company's stock worth $221,835,000 after purchasing an additional 872,060 shares during the last quarter. Finally, Norges Bank bought a new stake in Coca-Cola Europacific Partners during the fourth quarter valued at about $190,999,000. Institutional investors own 31.35% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on CCEP shares. 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 research report on Thursday, May 1st. Evercore ISI increased their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. Finally, UBS Group upped their price target on Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. One research 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's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $88.50.

Coca-Cola Europacific Partners Stock Performance

Shares of Coca-Cola Europacific Partners stock traded down $1.84 during trading on Monday, hitting $87.66. 472,779 shares of the company's stock were exchanged, compared to its average volume of 1,718,906. The stock has a market capitalization of $40.41 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 4.89 and a beta of 0.77. The business has a 50-day simple moving average of $86.50 and a 200-day simple moving average of $81.35. Coca-Cola Europacific Partners PLC has a 52-week low of $70.82 and a 52-week high of $91.37. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81.

Coca-Cola Europacific Partners Cuts Dividend

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

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.