Coca-Cola Europacific Partners (NASDAQ:CCEP) Shares Sold by Verde Servicos Internacionais S.A.

Verde Servicos Internacionais S.A. reduced its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 20.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 146,894 shares of the company's stock after selling 36,989 shares during the period. Coca-Cola Europacific Partners comprises 7.3% of Verde Servicos Internacionais S.A.'s investment portfolio, making the stock its 4th largest holding. Verde Servicos Internacionais S.A.'s holdings in Coca-Cola Europacific Partners were worth $12,784,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. LPL Financial LLC increased its position 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 purchasing an additional 25,840 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Coca-Cola Europacific Partners by 43.3% in the 4th 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 shares of Coca-Cola Europacific Partners in the 4th quarter valued at approximately $446,000. Amundi increased its position in shares of Coca-Cola Europacific Partners by 2.9% in the 4th 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 shares of Coca-Cola Europacific Partners in the 4th quarter valued at approximately $12,075,000. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Down 0.3%

Shares of NASDAQ CCEP traded down $0.29 during mid-day trading on Thursday, reaching $91.27. The company had a trading volume of 1,722,990 shares, compared to its average volume of 1,796,286. 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 firm has a 50 day simple moving average of $90.36 and a two-hundred day simple moving average of $84.47. The stock has a market cap of $42.07 billion, a P/E ratio of 18.78, a PEG ratio of 4.93 and a beta of 0.78. Coca-Cola Europacific Partners has a 52-week low of $71.49 and a 52-week high of $94.74.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were given a $0.8993 dividend. This represents a dividend yield of 2.4%. The ex-dividend date was Friday, May 16th.

Analysts Set New Price Targets

CCEP has been the topic of a number of recent analyst reports. UBS Group increased their price objective on shares of 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. Barclays increased their price objective 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus 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.