Coca-Cola Europacific Partners (NASDAQ:CCEP) is Exane Asset Management's 4th Largest Position

Exane Asset Management increased its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 10.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 225,655 shares of the company's stock after buying an additional 21,535 shares during the quarter. Coca-Cola Europacific Partners accounts for approximately 11.2% of Exane Asset Management's portfolio, making the stock its 4th largest holding. Exane Asset Management's holdings in Coca-Cola Europacific Partners were worth $19,618,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CCEP. SBI Securities Co. Ltd. bought a new stake in Coca-Cola Europacific Partners in the 4th quarter valued at about $27,000. NBC Securities Inc. bought a new stake in Coca-Cola Europacific Partners in the 1st quarter valued at about $28,000. Optiver Holding B.V. bought a new stake in Coca-Cola Europacific Partners in the 4th quarter valued at about $29,000. HM Payson & Co. bought a new stake in Coca-Cola Europacific Partners in the 1st quarter valued at about $33,000. Finally, Summit Securities Group LLC bought a new stake in Coca-Cola Europacific Partners in the 4th quarter valued at about $34,000. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP stock traded down $0.23 during trading on Friday, hitting $95.22. The company had a trading volume of 297,665 shares, compared to its average volume of 1,819,692. The company has a quick ratio of 0.62, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The stock's 50-day moving average is $91.52 and its two-hundred day moving average is $85.69. The stock has a market capitalization of $43.89 billion, a price-to-earnings ratio of 19.60, 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.

Coca-Cola Europacific Partners Cuts Dividend

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

Analysts Set New Price Targets

CCEP has been the topic of several analyst reports. Barclays upped their price target on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. UBS Group upped their price target on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, Wall Street Zen cut Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. One 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock 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.