Deutsche Bank AG Has $129.75 Million Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Deutsche Bank AG grew its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,689,202 shares of the company's stock after purchasing an additional 114,754 shares during the period. Deutsche Bank AG owned about 0.37% of Coca-Cola Europacific Partners worth $129,748,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $27,000. Optiver Holding B.V. acquired a new position in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $29,000. MassMutual Private Wealth & Trust FSB boosted its holdings 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 acquired 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 Coca-Cola Europacific Partners in the fourth quarter valued at approximately $52,000. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

CCEP traded down $0.77 during trading on Wednesday, hitting $86.62. The company's stock had a trading volume of 1,910,090 shares, compared to its average volume of 1,728,866. The firm's 50 day moving average price is $86.62 and its two-hundred day moving average price is $81.46. The stock has a market capitalization of $39.93 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 4.89 and a beta of 0.77. Coca-Cola Europacific Partners PLC has a 12 month low of $70.82 and a 12 month high of $91.37. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

Coca-Cola Europacific Partners Cuts Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in 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. Evercore ISI increased their price target 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. UBS Group increased their price target on 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, Kepler Capital Markets cut Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.