Generate Investment Management Ltd lowered its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 37.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,281 shares of the company's stock after selling 69,520 shares during the period. Generate Investment Management Ltd's holdings in Coca-Cola Europacific Partners were worth $10,033,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the stock. LPL Financial LLC lifted its stake in shares of Coca-Cola Europacific Partners by 28.1% during the 4th quarter. LPL Financial LLC now owns 117,700 shares of the company's stock worth $9,041,000 after purchasing an additional 25,840 shares during the last quarter. JPMorgan Chase & Co. grew its position in Coca-Cola Europacific Partners by 43.3% during the 4th 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 4th quarter valued at approximately $446,000. Amundi raised its holdings 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 buying an additional 87,675 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd acquired a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth $12,075,000. Hedge funds and other institutional investors own 31.35% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. UBS Group lifted their price target on Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Barclays increased their price target on shares of Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of "Moderate Buy" and an average price target of $88.50.
View Our Latest Research Report on CCEP
Coca-Cola Europacific Partners Stock Performance
Shares of NASDAQ CCEP traded down $0.29 during midday trading on Thursday, reaching $91.27. 1,722,990 shares of the stock were exchanged, compared to its average volume of 1,796,286. 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 firm has a 50-day simple moving average of $90.32 and a two-hundred day simple moving average of $84.38. Coca-Cola Europacific Partners has a twelve month low of $71.49 and a twelve month high of $94.74.
Coca-Cola Europacific Partners Cuts Dividend
The company 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. This represents a dividend yield of 2.4%. The ex-dividend date was Friday, May 16th.
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.
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