Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Purchased by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 712,166 shares of the company's stock after buying an additional 11,163 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned approximately 0.15% of Coca-Cola Europacific Partners worth $54,701,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in Coca-Cola Europacific Partners in the fourth quarter worth about $27,000. Optiver Holding B.V. acquired a new stake in Coca-Cola Europacific Partners in the 4th quarter worth approximately $29,000. MassMutual Private Wealth & Trust FSB grew its position in Coca-Cola Europacific Partners by 85.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock worth $33,000 after purchasing an additional 197 shares during the last quarter. Summit Securities Group LLC acquired a new position in Coca-Cola Europacific Partners during the 4th quarter valued at approximately $34,000. Finally, Whipplewood Advisors LLC acquired a new position in Coca-Cola Europacific Partners during the 4th quarter valued at approximately $52,000. Institutional investors own 31.35% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CCEP shares. Evercore ISI lifted 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. Barclays lifted their price target on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. Finally, UBS Group upped their target price on Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Coca-Cola Europacific Partners has a consensus rating of "Moderate Buy" and an average price target of $88.50.

Coca-Cola Europacific Partners Price Performance

NASDAQ CCEP traded down $0.28 on Tuesday, hitting $87.39. The company had a trading volume of 1,455,360 shares, compared to its average volume of 1,722,359. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. The company's fifty day moving average price is $86.56 and its 200-day moving average price is $81.42. The company has a market capitalization of $40.28 billion, a PE ratio of 17.98, a PEG 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.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.8993 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a dividend yield of 2.4%. 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.