GAMMA Investing LLC Raises Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

GAMMA Investing LLC lifted its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 8,438.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,995 shares of the company's stock after purchasing an additional 44,468 shares during the period. GAMMA Investing LLC's holdings in Coca-Cola Europacific Partners were worth $3,916,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Cibc World Markets Corp raised its stake in Coca-Cola Europacific Partners by 1.4% during the 4th quarter. Cibc World Markets Corp now owns 10,200 shares of the company's stock worth $783,000 after acquiring an additional 139 shares during the period. TIAA Trust National Association lifted its position in Coca-Cola Europacific Partners by 4.4% during the fourth quarter. TIAA Trust National Association now owns 3,420 shares of the company's stock valued at $263,000 after purchasing an additional 145 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Coca-Cola Europacific Partners by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 53,142 shares of the company's stock valued at $4,087,000 after purchasing an additional 155 shares during the period. Vestmark Advisory Solutions Inc. lifted its position in Coca-Cola Europacific Partners by 4.7% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 3,855 shares of the company's stock worth $296,000 after buying an additional 172 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in Coca-Cola Europacific Partners by 1.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,936 shares of the company's stock worth $840,000 after buying an additional 174 shares during the period. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Price Performance

Shares of Coca-Cola Europacific Partners stock traded up $0.67 during trading hours on Thursday, reaching $93.53. The stock had a trading volume of 1,514,553 shares, compared to its average volume of 1,787,691. The stock's 50 day moving average is $88.84 and its 200 day moving average is $83.35. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners PLC has a twelve month low of $71.49 and a twelve month high of $93.62. The firm has a market capitalization of $43.11 billion, a PE ratio of 19.24, a PEG ratio of 4.89 and a beta of 0.78.

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 dividend payout ratio is currently 16.26%.

Analyst Ratings Changes

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

About Coca-Cola Europacific Partners

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.