Price Capital Management Inc. Takes $1.52 Million Position in Coca-Cola Europacific Partners (NASDAQ:CCEP)

Price Capital Management Inc. bought a new stake in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 17,470 shares of the company's stock, valued at approximately $1,520,000. Coca-Cola Europacific Partners makes up approximately 3.8% of Price Capital Management Inc.'s investment portfolio, making the stock its 6th largest position.

A number of other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in Coca-Cola Europacific Partners by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 657,071 shares of the company's stock worth $57,185,000 after buying an additional 13,981 shares during the last quarter. LPL Financial LLC lifted its holdings 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 buying an additional 25,840 shares during the period. JPMorgan Chase & Co. lifted its holdings 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 buying an additional 872,060 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at $446,000. Finally, Siemens Fonds Invest GmbH lifted its holdings 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 buying an additional 7,165 shares during the period. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Stock Down 0.1%

CCEP stock traded down $0.13 during mid-day trading on Friday, hitting $100.04. The stock had a trading volume of 1,501,669 shares, compared to its average volume of 1,624,024. The company has a current ratio of 0.81, a quick ratio of 0.62 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners has a 1-year low of $71.49 and a 1-year high of $100.67. The company has a fifty day moving average of $93.35 and a 200 day moving average of $87.27. The stock has a market capitalization of $46.11 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 5.07 and a beta of 0.77.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, May 27th. Stockholders 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 was Friday, May 16th.

Analyst Ratings Changes

CCEP has been the subject of several research analyst reports. Wall Street Zen lowered Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. UBS Group upped their target price on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, Barclays reaffirmed an "overweight" rating and set a $104.00 target price (up from $101.00) on shares of Coca-Cola Europacific Partners in a report on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $90.57.

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.