Mackenzie Financial Corp Acquires 25,560 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Mackenzie Financial Corp boosted its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 10.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 270,162 shares of the company's stock after purchasing an additional 25,560 shares during the period. Mackenzie Financial Corp owned about 0.06% of Coca-Cola Europacific Partners worth $20,751,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CCEP. LPL Financial LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 28.1% in the fourth quarter. LPL Financial LLC now owns 117,700 shares of the company's stock worth $9,041,000 after buying an additional 25,840 shares during the last quarter. JPMorgan Chase & Co. raised its position in 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 acquiring an additional 872,060 shares during the period. New Age Alpha Advisors LLC purchased a new position in shares of Coca-Cola Europacific Partners during the 4th quarter worth $446,000. Amundi grew its position in shares of Coca-Cola Europacific Partners by 2.9% during the 4th quarter. Amundi now owns 3,078,851 shares of the company's stock valued at $233,716,000 after acquiring an additional 87,675 shares during the period. Finally, Catalyst Funds Management Pty Ltd purchased a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter worth $12,075,000. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Price Performance

CCEP traded up $1.14 on Friday, hitting $91.79. 5,406,228 shares of the company's stock traded hands, compared to its average volume of 1,776,454. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The company's 50 day simple moving average is $87.81 and its 200-day simple moving average is $82.42. Coca-Cola Europacific Partners PLC has a one year low of $71.16 and a one year high of $92.44. The firm has a market cap of $42.31 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 4.89 and a beta of 0.77.

Coca-Cola Europacific Partners Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were paid a dividend of $0.8993 per share. This represents a yield of 2.4%. The ex-dividend date was Friday, May 16th. Coca-Cola Europacific Partners's payout ratio is presently 16.26%.

Analyst Ratings Changes

Several equities analysts recently weighed in on CCEP shares. Evercore ISI lifted their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. UBS Group boosted their price objective on Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, Barclays raised their target price on shares of Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Coca-Cola Europacific Partners has a consensus rating of "Moderate Buy" and an average price target of $88.50.

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.