MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $21.02 Million Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 273,704 shares of the company's stock after selling 8,758 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.06% of Coca-Cola Europacific Partners worth $21,023,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at about $27,000. Optiver Holding B.V. acquired a new position in Coca-Cola Europacific Partners during the fourth quarter valued at approximately $29,000. MassMutual Private Wealth & Trust FSB grew 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 valued at $33,000 after purchasing 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 valued at approximately $34,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Coca-Cola Europacific Partners during the 4th quarter worth approximately $52,000. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock traded up $0.49 during midday trading on Friday, hitting $88.30. 1,661,988 shares of the company were exchanged, compared to its average volume of 1,741,151. 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 $40.70 billion, a P/E ratio of 18.17, a PEG ratio of 4.89 and a beta of 0.77. The firm's 50 day moving average price is $86.94 and its two-hundred day moving average price is $81.68. 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 company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 27th. Stockholders 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 dividend payout ratio is presently 16.26%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. UBS Group increased their price target on shares of Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Evercore ISI boosted their price objective 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. Finally, Barclays upped 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.50.

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.