Allspring Global Investments Holdings LLC raised its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 1.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 163,078 shares of the company's stock after purchasing 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 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. boosted its position 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 during the period. FMR LLC raised its stake in Coca-Cola Europacific Partners by 3.3% during the 4th quarter. FMR LLC now owns 7,234,642 shares of the company's stock valued at $555,693,000 after acquiring an additional 229,679 shares in the last quarter. Amundi grew its stake in shares of Coca-Cola Europacific Partners by 2.9% in the fourth quarter. Amundi now owns 3,078,851 shares of the company's stock worth $233,716,000 after purchasing an additional 87,675 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Coca-Cola Europacific Partners by 43.3% in the fourth quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company's stock worth $221,835,000 after purchasing an additional 872,060 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Coca-Cola Europacific Partners during the fourth quarter valued at $190,999,000. 31.35% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on CCEP shares. Barclays increased 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 report on Thursday, May 1st. Wall Street Zen raised shares of Coca-Cola Europacific Partners from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. Finally, UBS Group raised 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $89.13.
Read Our Latest Research Report on CCEP
Coca-Cola Europacific Partners Price Performance
CCEP stock traded up $3.38 on Thursday, hitting $96.96. 2,593,818 shares of the company's stock traded hands, compared to its average volume of 1,807,563. The stock has a market cap of $44.69 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 5.02 and a beta of 0.77. Coca-Cola Europacific Partners has a 1-year low of $71.49 and a 1-year high of $96.96. 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 stock has a fifty day moving average of $90.62 and a 200-day moving average of $84.85.
Coca-Cola Europacific Partners Cuts Dividend
The business also recently declared a semi-annual dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were issued a $0.8993 dividend. The ex-dividend date 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.
See Also
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
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
