Croban Invests $1.33 Million in Coca-Cola Europacific Partners (NASDAQ:CCEP)

Croban purchased a new position in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 15,227 shares of the company's stock, valued at approximately $1,325,000. Coca-Cola Europacific Partners comprises about 1.2% of Croban's investment portfolio, making the stock its 27th biggest holding.

Several other large investors also recently bought and sold shares of the business. Invesco Ltd. grew its stake in shares of Coca-Cola Europacific Partners by 26.3% during the 4th quarter. Invesco Ltd. now owns 10,119,928 shares of the company's stock valued at $777,312,000 after purchasing an additional 2,105,019 shares during the period. FMR LLC grew 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 valued at $555,693,000 after purchasing an additional 229,679 shares during the period. JPMorgan Chase & Co. grew 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 valued at $221,835,000 after purchasing an additional 872,060 shares during the period. Norges Bank bought a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter valued at about $190,999,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Coca-Cola Europacific Partners by 1.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,476,806 shares of the company's stock valued at $190,243,000 after purchasing an additional 38,911 shares during the period. 31.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CCEP shares. Barclays boosted their price target 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. Wall Street Zen downgraded Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, UBS Group boosted their price objective on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Coca-Cola Europacific Partners currently has an average rating of "Moderate Buy" and a consensus target price of $90.14.

Coca-Cola Europacific Partners Price Performance

NASDAQ CCEP traded up $0.07 during trading hours on Friday, reaching $95.52. The company's stock had a trading volume of 1,223,620 shares, compared to its average volume of 1,825,075. The firm's 50-day moving average price is $91.52 and its 200-day moving average price is $85.69. The company has a quick ratio of 0.62, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners has a 1 year low of $71.49 and a 1 year high of $97.23. The company has a market capitalization of $44.03 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 4.82 and a beta of 0.77.

Coca-Cola Europacific Partners Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were issued a $0.8993 dividend. The ex-dividend date was Friday, May 16th. This represents a yield of 2.4%.

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.