Achmea Investment Management B.V. Has $2.71 Million Stock Holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP)

Achmea Investment Management B.V. cut its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 31.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,128 shares of the company's stock after selling 14,294 shares during the quarter. Achmea Investment Management B.V.'s holdings in Coca-Cola Europacific Partners were worth $2,709,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CCEP. Principal Financial Group Inc. grew its position in Coca-Cola Europacific Partners by 2.3% in the 4th quarter. Principal Financial Group Inc. now owns 16,910 shares of the company's stock worth $1,299,000 after purchasing an additional 375 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Coca-Cola Europacific Partners by 0.6% during the fourth quarter. Bank of New York Mellon Corp now owns 643,090 shares of the company's stock valued at $49,396,000 after purchasing an additional 3,719 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of Coca-Cola Europacific Partners in the fourth quarter valued at $52,000. New York Life Investment Management LLC raised its stake in shares of Coca-Cola Europacific Partners by 28.8% in the fourth quarter. New York Life Investment Management LLC now owns 4,545 shares of the company's stock valued at $349,000 after purchasing an additional 1,015 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in Coca-Cola Europacific Partners by 36.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 5,888 shares of the company's stock worth $452,000 after buying an additional 1,571 shares in the last quarter. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock traded up $0.40 on Wednesday, reaching $93.57. The company's stock had a trading volume of 1,363,310 shares, compared to its average volume of 2,225,434. The business's fifty day moving average price is $90.53 and its 200 day moving average price is $84.79. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.62 and a current ratio of 0.81. The company has a market cap of $43.13 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 4.84 and a beta of 0.77. Coca-Cola Europacific Partners has a twelve month low of $71.49 and a twelve month high of $94.74.

Coca-Cola Europacific Partners Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. UBS Group increased 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 note on Wednesday. Wall Street Zen raised shares of Coca-Cola Europacific Partners from a "hold" rating to a "buy" rating in a research report on Friday, June 27th. Finally, Barclays lifted their price objective on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners currently has an average rating of "Moderate Buy" and a consensus price target of $89.13.

About Coca-Cola Europacific Partners

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.