Foundry Partners LLC Has $13.08 Million Stock Holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP)

Foundry Partners LLC cut its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 19.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 150,340 shares of the company's stock after selling 36,097 shares during the period. Foundry Partners LLC's holdings in Coca-Cola Europacific Partners were worth $13,084,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CCEP. Bank of New York Mellon Corp grew its position in Coca-Cola Europacific Partners by 2.2% in the 1st quarter. Bank of New York Mellon Corp now owns 657,071 shares of the company's stock worth $57,185,000 after purchasing an additional 13,981 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 28.1% during the 4th quarter. LPL Financial LLC now owns 117,700 shares of the company's stock valued at $9,041,000 after buying an additional 25,840 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Coca-Cola Europacific Partners by 43.3% in 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 last quarter. New Age Alpha Advisors LLC acquired a new stake in Coca-Cola Europacific Partners in the 4th quarter worth approximately $446,000. Finally, Siemens Fonds Invest GmbH lifted its position in Coca-Cola Europacific Partners by 79.1% during the 4th quarter. Siemens Fonds Invest GmbH now owns 16,226 shares of the company's stock worth $1,246,000 after acquiring an additional 7,165 shares during the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ:CCEP traded up $0.71 during trading on Friday, hitting $96.84. 1,182,833 shares of the stock were exchanged, compared to its average volume of 1,837,346. Coca-Cola Europacific Partners has a 12-month low of $71.49 and a 12-month high of $97.71. The company has a current ratio of 0.81, a quick ratio of 0.62 and a debt-to-equity ratio of 1.11. The company has a fifty day moving average price of $92.17 and a two-hundred day moving average price of $86.54. The company has a market cap of $44.64 billion, a PE ratio of 19.93, a P/E/G ratio of 4.90 and a beta of 0.77.

Coca-Cola Europacific Partners Cuts Dividend

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

Wall Street Analysts Forecast Growth

CCEP has been the subject of a number of recent research reports. Wall Street Zen downgraded Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Barclays reiterated an "overweight" rating and set a $104.00 price objective (up from $101.00) on shares of Coca-Cola Europacific Partners in a research report on Tuesday, July 15th. Finally, UBS Group upped their target price on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $90.57.

Coca-Cola Europacific Partners 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.