Siemens Fonds Invest GmbH Has $1.25 Million Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Siemens Fonds Invest GmbH boosted its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 79.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,226 shares of the company's stock after purchasing an additional 7,165 shares during the period. Siemens Fonds Invest GmbH's holdings in Coca-Cola Europacific Partners were worth $1,246,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Invesco Ltd. lifted its position in shares of Coca-Cola Europacific Partners by 26.3% in the 4th quarter. Invesco Ltd. now owns 10,119,928 shares of the company's stock valued at $777,312,000 after acquiring an additional 2,105,019 shares in the last quarter. FMR LLC increased its stake in shares of Coca-Cola Europacific Partners by 3.3% during the 4th quarter. FMR LLC now owns 7,234,642 shares of the company's stock worth $555,693,000 after purchasing an additional 229,679 shares during the last quarter. Amundi increased its stake 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 worth $233,716,000 after purchasing an additional 87,675 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of 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. Finally, Norges Bank acquired a new position in shares of Coca-Cola Europacific Partners during the 4th quarter worth $190,999,000. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ CCEP traded up $1.48 during trading on Friday, reaching $92.13. The company had a trading volume of 6,680,736 shares, compared to its average volume of 1,780,474. Coca-Cola Europacific Partners PLC has a 52 week low of $71.49 and a 52 week high of $92.73. The stock has a market cap of $42.47 billion, a PE ratio of 18.96, a PEG ratio of 4.89 and a beta of 0.77. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. The business's 50 day moving average price is $87.97 and its 200-day moving average price is $82.53.

Coca-Cola Europacific Partners Cuts Dividend

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

Wall Street Analyst Weigh In

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