Mirae Asset Global Investments Co. Ltd. Raises Holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP)

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 13.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,146 shares of the company's stock after purchasing an additional 11,916 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Coca-Cola Europacific Partners were worth $8,643,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CCEP. LPL Financial LLC lifted its stake in Coca-Cola Europacific Partners by 28.1% during the 4th quarter. LPL Financial LLC now owns 117,700 shares of the company's stock valued at $9,041,000 after acquiring an additional 25,840 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Coca-Cola Europacific Partners by 43.3% during 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 during the last quarter. New Age Alpha Advisors LLC acquired a new position in Coca-Cola Europacific Partners during the fourth quarter valued at $446,000. Amundi lifted its position in Coca-Cola Europacific Partners by 2.9% during the fourth quarter. Amundi now owns 3,078,851 shares of the company's stock valued at $233,716,000 after purchasing an additional 87,675 shares during the period. Finally, Catalyst Funds Management Pty Ltd purchased a new stake in Coca-Cola Europacific Partners in the fourth quarter valued at $12,075,000. Hedge funds and other institutional investors own 31.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Wall Street Zen upgraded Coca-Cola Europacific Partners from a "hold" rating to a "buy" rating in a research note on Friday, June 27th. UBS Group lifted their price target on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Barclays upped 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. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $89.13.

Coca-Cola Europacific Partners Price Performance

CCEP traded up $3.38 during trading on Friday, hitting $96.96. The company's stock had a trading volume of 2,593,818 shares, compared to its average volume of 1,811,569. The firm has a market capitalization of $44.69 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 5.00 and a beta of 0.77. Coca-Cola Europacific Partners has a twelve month low of $71.49 and a twelve month high of $96.55. The business's fifty day simple moving average is $90.80 and its 200 day simple moving average is $84.98. 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 Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were paid a dividend of $0.8993 per share. The ex-dividend date 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.