Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Stock Position Raised by Jane Street Group LLC

Jane Street Group LLC boosted its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 842.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 714,988 shares of the company's stock after purchasing an additional 639,119 shares during the period. Jane Street Group LLC owned 0.16% of Coca-Cola Europacific Partners worth $54,918,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in Coca-Cola Europacific Partners in the 4th quarter valued at approximately $27,000. Optiver Holding B.V. acquired a new position in shares of Coca-Cola Europacific Partners in the fourth quarter worth $29,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Coca-Cola Europacific Partners by 85.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock worth $33,000 after acquiring an additional 197 shares in the last quarter. Summit Securities Group LLC acquired a new stake in Coca-Cola Europacific Partners during the fourth quarter valued at $34,000. Finally, Whipplewood Advisors LLC purchased a new position in Coca-Cola Europacific Partners in the fourth quarter valued at about $52,000. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ:CCEP opened at $89.71 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The business has a 50 day moving average price of $86.11 and a 200 day moving average price of $80.86. The company has a market cap of $41.35 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 4.89 and a beta of 0.73. Coca-Cola Europacific Partners PLC has a twelve month low of $70.82 and a twelve month high of $91.29.

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 given a dividend of $0.8993 per share. This represents a yield of 2.4%. The ex-dividend date of this dividend is Friday, May 16th. Coca-Cola Europacific Partners's dividend payout ratio (DPR) is currently 16.26%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CCEP. Barclays boosted their price target on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an "overweight" rating in a research note on Thursday. Evercore ISI increased 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 research note on Tuesday, February 18th. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. Finally, UBS Group increased their target price on shares of Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Coca-Cola Europacific Partners has a consensus rating of "Moderate Buy" and a consensus price target of $88.50.

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.

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