MQS Management LLC Takes $553,000 Position in Coca-Cola Europacific Partners (NASDAQ:CCEP)

MQS Management LLC acquired a new position in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,352 shares of the company's stock, valued at approximately $553,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CCEP. Jones Financial Companies Lllp increased its stake in shares of Coca-Cola Europacific Partners by 135.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,749 shares of the company's stock worth $134,000 after purchasing an additional 1,006 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter worth $14,999,000. PNC Financial Services Group Inc. increased its stake in shares of Coca-Cola Europacific Partners by 38.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 19,948 shares of the company's stock worth $1,532,000 after purchasing an additional 5,554 shares in the last quarter. AGF Management Ltd. increased its stake in shares of Coca-Cola Europacific Partners by 6.3% in the 4th quarter. AGF Management Ltd. now owns 4,234 shares of the company's stock worth $325,000 after purchasing an additional 250 shares in the last quarter. Finally, Catalyst Funds Management Pty Ltd purchased a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter worth $12,075,000. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on CCEP. UBS Group upped their price objective on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Barclays raised their price target on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Wall Street Zen cut Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.14.

Coca-Cola Europacific Partners Price Performance

NASDAQ:CCEP traded up $0.07 on Friday, reaching $95.52. 1,223,620 shares of the company's stock traded hands, compared to its average volume of 1,828,395. The firm has a market cap of $44.03 billion, a PE ratio of 19.65, a P/E/G ratio of 4.83 and a beta of 0.77. The stock has a 50-day simple moving average of $91.63 and a 200-day simple moving average of $85.89. The company has a quick ratio of 0.62, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners has a 12 month low of $71.49 and a 12 month high of $97.23.

Coca-Cola Europacific Partners Cuts Dividend

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

Coca-Cola Europacific Partners 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.