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

Croban bought a new position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 15,227 shares of the company's stock, valued at approximately $1,325,000. Coca-Cola Europacific Partners accounts for approximately 1.2% of Croban's holdings, making the stock its 27th biggest holding.

Several other institutional investors also recently modified their holdings of CCEP. Private Trust Co. NA lifted its holdings in shares of Coca-Cola Europacific Partners by 6.0% during the 1st quarter. Private Trust Co. NA now owns 2,022 shares of the company's stock valued at $176,000 after purchasing an additional 115 shares in the last quarter. Cibc World Markets Corp lifted its stake in Coca-Cola Europacific Partners by 1.4% in the 4th quarter. Cibc World Markets Corp now owns 10,200 shares of the company's stock valued at $783,000 after acquiring an additional 139 shares in the last quarter. TIAA Trust National Association lifted its stake in Coca-Cola Europacific Partners by 4.4% in the 4th quarter. TIAA Trust National Association now owns 3,420 shares of the company's stock valued at $263,000 after acquiring an additional 145 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Coca-Cola Europacific Partners by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 53,142 shares of the company's stock valued at $4,087,000 after acquiring an additional 155 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Coca-Cola Europacific Partners by 1.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,936 shares of the company's stock valued at $840,000 after acquiring an additional 174 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Performance

CCEP opened at $95.45 on Friday. The firm has a market cap of $44.00 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 4.87 and a beta of 0.77. Coca-Cola Europacific Partners has a 52-week low of $71.49 and a 52-week high of $97.23. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.62 and a current ratio of 0.81. The business's fifty day moving average is $91.52 and its 200-day moving average is $85.69.

Coca-Cola Europacific Partners Cuts Dividend

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

Analyst Upgrades and Downgrades

Several research firms have commented on CCEP. Wall Street Zen cut Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Barclays upped their price objective on 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. Finally, UBS Group upped their price objective on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners currently has an average rating of "Moderate Buy" and an average target price of $90.14.

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.

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