China Universal Asset Management Co. Ltd. boosted its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 52.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,385 shares of the company's stock after buying an additional 3,893 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Coca-Cola Europacific Partners were worth $991,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter valued at about $27,000. NBC Securities Inc. acquired a new stake in shares of Coca-Cola Europacific Partners during the first quarter valued at about $28,000. Optiver Holding B.V. acquired a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter valued at about $29,000. HM Payson & Co. acquired a new stake in shares of Coca-Cola Europacific Partners during the first quarter valued at about $33,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter valued at about $34,000. 31.35% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have recently issued reports on CCEP. UBS Group raised their price objective on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Barclays raised their price objective 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. Finally, Wall Street Zen downgraded Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $89.13.
View Our Latest Stock Analysis on Coca-Cola Europacific Partners
Coca-Cola Europacific Partners Trading Down 0.4%
CCEP stock traded down $0.41 during mid-day trading on Thursday, reaching $95.45. The company's stock had a trading volume of 1,358,371 shares, compared to its average volume of 1,825,708. The company has a market cap of $44.00 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 4.87 and a beta of 0.77. The business's 50 day moving average price is $91.40 and its 200 day moving average price is $85.55. The company has a current ratio of 0.81, a quick ratio of 0.62 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners has a 12 month low of $71.49 and a 12 month high of $97.23.
Coca-Cola Europacific Partners Cuts Dividend
The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were issued a dividend of $0.8993 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a dividend yield of 2.4%.
About Coca-Cola Europacific Partners
(
Free Report)
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.
Further Reading

Before you consider Coca-Cola Europacific Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coca-Cola Europacific Partners wasn't on the list.
While Coca-Cola Europacific Partners currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.