68,786 Shares in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Acquired by Lansforsakringar Fondforvaltning AB publ

Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 68,786 shares of the company's stock, valued at approximately $5,283,000.

Other large investors have also recently bought and sold shares of the company. LPL Financial LLC increased its stake in 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 period. JPMorgan Chase & Co. grew 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 worth $221,835,000 after purchasing an additional 872,060 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth approximately $446,000. Amundi grew its stake in shares of Coca-Cola Europacific Partners by 2.9% in the 4th quarter. Amundi now owns 3,078,851 shares of the company's stock worth $233,716,000 after purchasing an additional 87,675 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd acquired a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth approximately $12,075,000. Institutional investors and hedge funds own 31.35% of the company's stock.

Coca-Cola Europacific Partners Trading Up 1.6%

Shares of CCEP traded up $1.48 during midday trading on Friday, hitting $92.13. The stock had a trading volume of 6,680,736 shares, compared to its average volume of 1,780,474. Coca-Cola Europacific Partners PLC has a fifty-two week low of $71.49 and a fifty-two week high of $92.44. The business has a 50-day simple moving average of $87.97 and a two-hundred day simple moving average of $82.53. The firm has a market cap of $42.47 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 4.89 and a beta of 0.77. 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 Cuts Dividend

The business also recently declared 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. This represents a dividend 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

Several equities analysts have recently issued reports on CCEP shares. Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. UBS Group lifted their price objective on shares of Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Evercore ISI lifted their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Finally, Barclays lifted their price objective on shares of Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the stock an "overweight" rating in a research note 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock 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.