Jefferies Financial Group Inc. Acquires New Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Jefferies Financial Group Inc. purchased a new position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 62,289 shares of the company's stock, valued at approximately $4,857,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in Coca-Cola Europacific Partners in the 4th quarter valued at about $27,000. Optiver Holding B.V. bought a new position in shares of Coca-Cola Europacific Partners during the 4th quarter valued at about $29,000. Summit Securities Group LLC bought a new position in shares of Coca-Cola Europacific Partners during the 4th quarter valued at about $34,000. Whipplewood Advisors LLC purchased a new position in shares of Coca-Cola Europacific Partners in the fourth quarter worth approximately $52,000. Finally, Blue Trust Inc. lifted its position in shares of Coca-Cola Europacific Partners by 16.2% in the 4th quarter. Blue Trust Inc. now owns 1,189 shares of the company's stock valued at $94,000 after acquiring an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 31.35% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on CCEP. Evercore ISI upped their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. UBS Group upped their price target on shares of 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. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. Finally, Barclays upped their price target on shares of 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $88.50.

Coca-Cola Europacific Partners Stock Up 0.7%

Shares of NASDAQ CCEP traded up $0.63 during mid-day trading on Wednesday, reaching $89.42. The company had a trading volume of 3,227,229 shares, compared to its average volume of 1,758,091. The stock has a fifty day moving average of $87.68 and a two-hundred day moving average of $82.33. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. The company has a market capitalization of $41.22 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 4.89 and a beta of 0.77. Coca-Cola Europacific Partners PLC has a 12-month low of $70.82 and a 12-month high of $91.37.

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. This represents a yield of 2.4%. The ex-dividend date was Friday, May 16th. Coca-Cola Europacific Partners's payout ratio is presently 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.