Barrow Hanley Mewhinney & Strauss LLC Reduces Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Barrow Hanley Mewhinney & Strauss LLC lessened its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 495,953 shares of the company's stock after selling 29,039 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.11% of Coca-Cola Europacific Partners worth $38,094,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. LPL Financial LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 28.1% in the 4th quarter. LPL Financial LLC now owns 117,700 shares of the company's stock valued at $9,041,000 after acquiring an additional 25,840 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Coca-Cola Europacific Partners by 43.3% in the fourth quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company's stock valued at $221,835,000 after purchasing an additional 872,060 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in Coca-Cola Europacific Partners in the fourth quarter valued at $446,000. Amundi boosted its holdings in Coca-Cola Europacific Partners by 2.9% in the fourth quarter. Amundi now owns 3,078,851 shares of the company's stock valued at $233,716,000 after purchasing an additional 87,675 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd purchased a new stake in Coca-Cola Europacific Partners in the fourth quarter valued at $12,075,000. Hedge funds and other institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Trading Down 0.4%

Shares of Coca-Cola Europacific Partners stock opened at $88.59 on Friday. The firm has a 50-day simple moving average of $87.37 and a two-hundred day simple moving average of $82.00. The company has a market cap of $40.84 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 4.89 and a beta of 0.77. Coca-Cola Europacific Partners PLC has a fifty-two week low of $70.82 and a fifty-two week high of $91.37. 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 disclosed a semi-annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be given a $0.8993 dividend. The ex-dividend date is Friday, May 16th. This represents a dividend yield of 2.4%. Coca-Cola Europacific Partners's dividend payout ratio (DPR) is currently 16.26%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Evercore ISI upped their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Barclays upped their price target on shares of Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. Finally, UBS Group upped their price target on shares of Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target 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.

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