Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG grew its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 7.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,689,202 shares of the company's stock after acquiring an additional 114,754 shares during the quarter. Deutsche Bank AG owned about 0.37% of Coca-Cola Europacific Partners worth $129,748,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Cibc World Markets Corp boosted its holdings in shares of Coca-Cola Europacific Partners by 1.4% in the fourth quarter. Cibc World Markets Corp now owns 10,200 shares of the company's stock valued at $783,000 after acquiring an additional 139 shares during the period. TIAA Trust National Association raised its stake in shares of Coca-Cola Europacific Partners by 4.4% during the fourth quarter. TIAA Trust National Association now owns 3,420 shares of the company's stock worth $263,000 after purchasing an additional 145 shares during the last quarter. Moody Lynn & Lieberson LLC raised its stake in shares of Coca-Cola Europacific Partners by 5.0% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company's stock worth $242,000 after purchasing an additional 150 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Coca-Cola Europacific Partners by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 53,142 shares of the company's stock worth $4,087,000 after purchasing an additional 155 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Coca-Cola Europacific Partners by 16.2% during the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company's stock worth $94,000 after purchasing an additional 166 shares during the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Barclays upped their price target on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. UBS Group upped their price target 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 cut Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. Finally, 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 research 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's stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.50.

Coca-Cola Europacific Partners Price Performance

NASDAQ:CCEP traded up $0.35 during trading hours on Friday, hitting $88.16. The company's stock had a trading volume of 731,604 shares, compared to its average volume of 1,729,823. Coca-Cola Europacific Partners PLC has a 52-week low of $70.82 and a 52-week high of $91.37. The company has a market capitalization of $40.63 billion, a PE ratio of 18.13, a PEG ratio of 4.89 and a beta of 0.77. The business's 50-day moving average is $86.84 and its two-hundred day moving average is $81.57. 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 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 currently 16.26%.

Coca-Cola Europacific Partners 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.