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

Coca-Cola Europacific Partners logo with Consumer Staples background

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.

Read Our Latest Analysis on CCEP

Coca-Cola Europacific Partners Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Coca-Cola Europacific Partners (NASDAQ:CCEP)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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