Coca-Cola Europacific Partners (NASDAQ:CCEP) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 5.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,958 shares of the company's stock after acquiring an additional 3,786 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Coca-Cola Europacific Partners were worth $6,785,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in Coca-Cola Europacific Partners during the 4th quarter valued at $27,000. NBC Securities Inc. bought a new stake in Coca-Cola Europacific Partners in the first quarter worth $28,000. Optiver Holding B.V. bought a new stake in Coca-Cola Europacific Partners during the 4th quarter valued at about $29,000. Summit Securities Group LLC bought a new position in Coca-Cola Europacific Partners in the 4th quarter valued at approximately $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter valued at $52,000. Hedge funds and other institutional investors own 31.35% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on CCEP. Barclays boosted 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 research report on Thursday, May 1st. UBS Group lifted their price objective on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Wall Street Zen raised shares of Coca-Cola Europacific Partners from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $89.13.

Coca-Cola Europacific Partners Trading Up 0.3%

Coca-Cola Europacific Partners stock traded up $0.28 during midday trading on Wednesday, hitting $93.45. 1,300,563 shares of the stock were exchanged, compared to its average volume of 1,801,718. The stock has a market capitalization of $43.08 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 4.84 and a beta of 0.77. The company has a current ratio of 0.81, a quick ratio of 0.62 and a debt-to-equity ratio of 1.11. The stock's 50-day simple moving average is $90.53 and its 200 day simple moving average is $84.79. Coca-Cola Europacific Partners has a fifty-two week low of $71.49 and a fifty-two week high of $94.74.

Coca-Cola Europacific Partners Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were paid a dividend of $0.8993 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a yield of 2.4%.

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.