Siemens Fonds Invest GmbH Acquires 7,165 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Siemens Fonds Invest GmbH increased its position in 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 firm owned 16,226 shares of the company's stock after purchasing an additional 7,165 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Coca-Cola Europacific Partners were worth $1,246,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 28.1% during the fourth 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. lifted 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 valued at $221,835,000 after acquiring an additional 872,060 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of Coca-Cola Europacific Partners during the fourth quarter valued at $446,000. Amundi lifted its holdings in shares of 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 acquiring an additional 87,675 shares during the period. Finally, Catalyst Funds Management Pty Ltd bought a new position in shares of Coca-Cola Europacific Partners during the fourth quarter valued at $12,075,000. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Trading Down 0.3%

Shares of Coca-Cola Europacific Partners stock traded down $0.23 during trading on Monday, hitting $91.56. 1,701,007 shares of the company were exchanged, compared to its average volume of 1,776,775. The firm has a market capitalization of $42.20 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 4.89 and a beta of 0.77. Coca-Cola Europacific Partners PLC has a 1-year low of $71.49 and a 1-year high of $92.73. The firm's fifty day moving average price is $88.10 and its 200 day moving average price is $82.70. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63.

Coca-Cola Europacific Partners Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were issued 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 (DPR) is presently 16.26%.

Analyst Ratings Changes

A number of analysts have recently weighed in on CCEP shares. UBS Group raised their target price 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. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. Barclays raised their target price on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Finally, Evercore ISI raised their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $88.50.

Coca-Cola Europacific Partners Company Profile

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.