GAMMA Investing LLC Boosts Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

GAMMA Investing LLC grew its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 8,438.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,995 shares of the company's stock after purchasing an additional 44,468 shares during the quarter. GAMMA Investing LLC's holdings in Coca-Cola Europacific Partners were worth $3,916,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Apollon Wealth Management LLC boosted its stake in Coca-Cola Europacific Partners by 8.5% in the 4th quarter. Apollon Wealth Management LLC now owns 2,911 shares of the company's stock worth $224,000 after purchasing an additional 228 shares during the period. Savant Capital LLC boosted its stake in Coca-Cola Europacific Partners by 6.7% in the 4th quarter. Savant Capital LLC now owns 6,816 shares of the company's stock worth $524,000 after purchasing an additional 429 shares during the period. Vontobel Holding Ltd. boosted its stake in Coca-Cola Europacific Partners by 28.7% in the 4th quarter. Vontobel Holding Ltd. now owns 329,422 shares of the company's stock worth $24,651,000 after purchasing an additional 73,393 shares during the period. V Square Quantitative Management LLC boosted its stake in Coca-Cola Europacific Partners by 29.7% in the 4th quarter. V Square Quantitative Management LLC now owns 9,130 shares of the company's stock worth $704,000 after purchasing an additional 2,092 shares during the period. Finally, Principal Securities Inc. boosted its stake in Coca-Cola Europacific Partners by 12.6% in the 4th quarter. Principal Securities Inc. now owns 8,878 shares of the company's stock worth $682,000 after purchasing an additional 994 shares during the period. Hedge funds and other institutional investors own 31.35% of the company's stock.

Analyst Upgrades and Downgrades

CCEP has been the subject of a number of research reports. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. Evercore ISI raised their price target on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Barclays lifted their target price on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, UBS Group lifted their target price on Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.50.

Coca-Cola Europacific Partners Trading Down 0.7%

Shares of Coca-Cola Europacific Partners stock traded down $0.68 during trading hours on Friday, hitting $92.85. The company's stock had a trading volume of 1,249,376 shares, compared to its average volume of 1,785,275. Coca-Cola Europacific Partners PLC has a twelve month low of $71.49 and a twelve month high of $93.75. The firm has a fifty day moving average of $89.27 and a 200-day moving average of $83.60. The stock has a market cap of $42.80 billion, a price-to-earnings ratio of 19.10, a P/E/G ratio of 4.89 and a beta of 0.78. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81.

Coca-Cola Europacific Partners Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were paid a $0.8993 dividend. This represents a yield of 2.4%. The ex-dividend date of this dividend was Friday, May 16th. Coca-Cola Europacific Partners's payout ratio is currently 16.26%.

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.