China Universal Asset Management Co. Ltd. Grows Position in Coca-Cola Europacific Partners (NASDAQ:CCEP)

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.

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

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.