Sumitomo Mitsui Trust Group Inc. grew its position in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 253.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,948,024 shares of the company's stock after buying an additional 1,397,394 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.42% of Coca-Cola Europacific Partners worth $169,537,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. bought a new position in Coca-Cola Europacific Partners in the 1st quarter valued at approximately $28,000. SBI Securities Co. Ltd. purchased a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter valued at $27,000. Optiver Holding B.V. bought a new stake in Coca-Cola Europacific Partners in the 4th quarter worth about $29,000. Summit Securities Group LLC purchased a new position in Coca-Cola Europacific Partners in the 4th quarter worth about $34,000. Finally, Whipplewood Advisors LLC bought a new position in Coca-Cola Europacific Partners during the 4th quarter valued at about $52,000. Institutional investors own 31.35% of the company's stock.
Coca-Cola Europacific Partners Stock Performance
NASDAQ CCEP traded up $0.41 on Wednesday, hitting $93.58. 2,095,425 shares of the company traded hands, compared to its average volume of 1,804,715. 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 business's 50 day moving average price is $90.53 and its 200-day moving average price is $84.79. The company has a market capitalization of $43.14 billion, a price-to-earnings ratio of 19.26, a P/E/G ratio of 4.84 and a beta of 0.77. Coca-Cola Europacific Partners has a 52-week low of $71.49 and a 52-week high of $94.74.
Coca-Cola Europacific Partners Cuts Dividend
The company also recently declared a semi-annual dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were given a $0.8993 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a dividend yield of 2.4%.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on CCEP. Barclays boosted their price objective on shares of Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. UBS Group increased their price target on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Wall Street Zen raised Coca-Cola Europacific Partners from a "hold" rating to a "buy" rating in a report on Friday, June 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners has a consensus rating of "Moderate Buy" and a consensus price target of $89.13.
Check Out Our Latest Report on Coca-Cola Europacific Partners
Coca-Cola Europacific Partners Company Profile
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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.
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