Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 20.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 512,076 shares of the company's stock after acquiring an additional 85,170 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.11% of Coca-Cola Europacific Partners worth $39,333,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new position in shares of Coca-Cola Europacific Partners in the fourth quarter valued at approximately $27,000. Optiver Holding B.V. purchased a new position in Coca-Cola Europacific Partners in the 4th quarter valued at approximately $29,000. MassMutual Private Wealth & Trust FSB boosted its position in Coca-Cola Europacific Partners by 85.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock valued at $33,000 after buying an additional 197 shares during the period. Summit Securities Group LLC purchased a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth $52,000. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Up 0.5 %

Shares of NASDAQ:CCEP opened at $90.99 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 firm has a 50 day simple moving average of $86.37 and a 200-day simple moving average of $81.13. The company has a market capitalization of $41.94 billion, a PE ratio of 18.72, a P/E/G ratio of 4.89 and a beta of 0.77. Coca-Cola Europacific Partners PLC has a twelve month low of $70.82 and a twelve month high of $95.67.

Coca-Cola Europacific Partners Cuts Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. UBS Group boosted their target price 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. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. Barclays raised 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 report on Thursday, May 1st. Finally, Evercore ISI boosted 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 report on Tuesday, February 18th. One equities 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. According to data from MarketBeat, Coca-Cola Europacific Partners currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.50.

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.

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