Allspring Global Investments Holdings LLC boosted its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 1.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 163,078 shares of the company's stock after acquiring an additional 2,850 shares during the period. Allspring Global Investments Holdings LLC's holdings in Coca-Cola Europacific Partners were worth $14,217,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of CCEP. Invesco Ltd. grew its holdings in shares of Coca-Cola Europacific Partners by 26.3% during the fourth quarter. Invesco Ltd. now owns 10,119,928 shares of the company's stock worth $777,312,000 after buying an additional 2,105,019 shares in the last quarter. FMR LLC grew its holdings in shares of Coca-Cola Europacific Partners by 3.3% during the 4th quarter. FMR LLC now owns 7,234,642 shares of the company's stock worth $555,693,000 after purchasing an additional 229,679 shares during the period. Amundi grew its stake in Coca-Cola Europacific Partners by 2.9% during the fourth quarter. Amundi now owns 3,078,851 shares of the company's stock worth $233,716,000 after buying an additional 87,675 shares during the period. JPMorgan Chase & Co. increased its holdings in 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 in the last quarter. Finally, Norges Bank acquired a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at about $190,999,000. 31.35% of the stock is currently owned by institutional investors and hedge funds.
Coca-Cola Europacific Partners Stock Up 3.6%
Shares of NASDAQ:CCEP traded up $3.38 during midday trading on Friday, reaching $96.96. The company had a trading volume of 2,593,818 shares, compared to its average volume of 1,814,842. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.62. The stock's fifty day moving average price is $90.98 and its 200-day moving average price is $85.18. The stock has a market capitalization of $44.69 billion, a P/E ratio of 19.95, a PEG ratio of 5.00 and a beta of 0.77. Coca-Cola Europacific Partners has a one year low of $71.49 and a one year high of $96.55.
Coca-Cola Europacific Partners Cuts Dividend
The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were issued a $0.8993 dividend. This represents a yield of 2.4%. The ex-dividend date of this dividend was Friday, May 16th. Coca-Cola Europacific Partners's dividend payout ratio is currently 16.26%.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. UBS Group upped their price target on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday. Wall Street Zen cut shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Barclays upped their target price on shares of Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Coca-Cola Europacific Partners has an average rating of "Moderate Buy" and a consensus target price of $89.13.
Read Our Latest Stock Analysis on CCEP
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
