Caisse DE Depot ET Placement DU Quebec Grows Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Caisse DE Depot ET Placement DU Quebec raised its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 129.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,200 shares of the company's stock after buying an additional 11,400 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Coca-Cola Europacific Partners were worth $1,552,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new position in Coca-Cola Europacific Partners in the 3rd quarter valued at approximately $165,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Coca-Cola Europacific Partners by 0.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 47,496 shares of the company's stock worth $3,740,000 after buying an additional 177 shares during the period. Miracle Mile Advisors LLC acquired a new position in shares of Coca-Cola Europacific Partners in the fourth quarter worth approximately $455,000. Assenagon Asset Management S.A. lifted its position in shares of Coca-Cola Europacific Partners by 1.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 19,851 shares of the company's stock worth $1,525,000 after purchasing an additional 260 shares during the period. Finally, Park Avenue Securities LLC raised its stake in Coca-Cola Europacific Partners by 16.4% during the fourth 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 last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on CCEP. Barclays increased their price target on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. UBS Group upped their target price on shares of Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Finally, Evercore ISI raised their price target 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Coca-Cola Europacific Partners currently has an average rating of "Moderate Buy" and an average target price of $88.50.

Coca-Cola Europacific Partners Stock Performance

Shares of Coca-Cola Europacific Partners stock traded down $0.34 on Friday, reaching $89.44. 1,492,324 shares of the company traded hands, compared to its average volume of 1,718,760. The company has a 50 day moving average of $86.43 and a 200 day moving average of $81.21. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. 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 market capitalization of $41.23 billion, a PE ratio of 18.40, a PEG ratio of 4.89 and a beta of 0.77.

Coca-Cola Europacific Partners Cuts Dividend

The company 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. The ex-dividend date of this dividend is Friday, May 16th. This represents a dividend yield of 2.4%. Coca-Cola Europacific Partners's dividend payout ratio is presently 16.26%.

About Coca-Cola Europacific Partners

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.