Siemens Fonds Invest GmbH lifted its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 79.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,226 shares of the company's stock after acquiring an additional 7,165 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Coca-Cola Europacific Partners were worth $1,246,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in Coca-Cola Europacific Partners in the 4th quarter worth $27,000. Optiver Holding B.V. purchased a new position in shares of Coca-Cola Europacific Partners during the fourth quarter valued at about $29,000. MassMutual Private Wealth & Trust FSB raised its stake in Coca-Cola Europacific Partners by 85.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock worth $33,000 after buying an additional 197 shares in the last quarter. Summit Securities Group LLC bought a new position in Coca-Cola Europacific Partners in the fourth quarter worth about $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in Coca-Cola Europacific Partners in the fourth quarter worth about $52,000. Hedge funds and other institutional investors own 31.35% of the company's stock.
Analyst Ratings Changes
A number of research analysts have weighed in on CCEP shares. Barclays upped their target price 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 lowered Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. Evercore ISI increased their price objective on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Finally, UBS Group raised their price objective on Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $88.50.
Get Our Latest Analysis on Coca-Cola Europacific Partners
Coca-Cola Europacific Partners Stock Down 0.2%
NASDAQ:CCEP traded down $0.19 during trading hours on Thursday, reaching $88.75. 527,927 shares of the company traded hands, compared to its average volume of 1,737,449. 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 business's 50-day moving average price is $87.29 and its two-hundred day moving average price is $81.91. Coca-Cola Europacific Partners PLC has a 1 year low of $70.82 and a 1 year high of $91.37. The stock has a market capitalization of $40.91 billion, a P/E ratio of 18.24, a P/E/G ratio of 4.89 and a beta of 0.77.
Coca-Cola Europacific Partners Cuts Dividend
The business 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 $0.8993 dividend. This represents a dividend yield of 2.4%. The ex-dividend date is Friday, May 16th. Coca-Cola Europacific Partners's dividend payout ratio is presently 16.26%.
Coca-Cola Europacific Partners Profile
(
Free Report)
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.
Recommended Stories
Before you consider Coca-Cola Europacific Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coca-Cola Europacific Partners wasn't on the list.
While Coca-Cola Europacific Partners currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
