Lbp Am Sa Buys 47,014 Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP)

Lbp Am Sa increased its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 129.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 83,444 shares of the company's stock after acquiring an additional 47,014 shares during the quarter. Lbp Am Sa's holdings in Coca-Cola Europacific Partners were worth $7,262,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CCEP. LPL Financial LLC raised its stake in shares of Coca-Cola Europacific Partners by 28.1% in the fourth quarter. LPL Financial LLC now owns 117,700 shares of the company's stock valued at $9,041,000 after acquiring an additional 25,840 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Coca-Cola Europacific Partners by 43.3% in the fourth quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company's stock valued at $221,835,000 after acquiring an additional 872,060 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at $446,000. Catalyst Funds Management Pty Ltd purchased a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at $12,075,000. Finally, Siemens Fonds Invest GmbH raised its stake in shares of Coca-Cola Europacific Partners by 79.1% in the fourth quarter. Siemens Fonds Invest GmbH now owns 16,226 shares of the company's stock valued at $1,246,000 after acquiring an additional 7,165 shares during the period. Institutional investors own 31.35% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on CCEP. Wall Street Zen downgraded shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Barclays increased their target price on shares of Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, UBS Group increased their target price on shares of 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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $89.13.

Coca-Cola Europacific Partners Stock Down 0.1%

NASDAQ:CCEP opened at $95.86 on Thursday. Coca-Cola Europacific Partners has a fifty-two week low of $71.49 and a fifty-two week high of $97.23. The stock has a market capitalization of $44.19 billion, a P/E ratio of 19.72, a P/E/G ratio of 4.97 and a beta of 0.77. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.62 and a current ratio of 0.81. The company's 50-day simple moving average is $91.40 and its 200-day simple moving average is $85.55.

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 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 (DPR) 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.

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