Principal Street Partners LLC cut its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 49.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,490 shares of the company's stock after selling 7,263 shares during the period. Principal Street Partners LLC's holdings in Coca-Cola Europacific Partners were worth $575,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in Coca-Cola Europacific Partners during the 4th quarter worth about $27,000. Optiver Holding B.V. bought a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at about $29,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Coca-Cola Europacific Partners by 85.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock valued at $33,000 after acquiring an additional 197 shares during the last quarter. Summit Securities Group LLC bought a new stake in Coca-Cola Europacific Partners during the fourth quarter worth about $34,000. Finally, Whipplewood Advisors LLC acquired a new position in Coca-Cola Europacific Partners during the fourth quarter valued at approximately $52,000. Institutional investors own 31.35% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. UBS Group boosted their price target on Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Barclays upped their price target on shares of Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. 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. Finally, Evercore ISI boosted 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $88.50.
Check Out Our Latest Analysis on CCEP
Coca-Cola Europacific Partners Price Performance
Shares of CCEP opened at $88.69 on Tuesday. The company's 50-day moving average is $87.06 and its 200-day moving average is $81.82. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. The firm has a market capitalization of $40.88 billion, a PE ratio of 18.25, a PEG ratio of 4.89 and a beta of 0.77. Coca-Cola Europacific Partners PLC has a fifty-two week low of $70.82 and a fifty-two week high of $91.37.
Coca-Cola Europacific Partners Cuts Dividend
The business also recently declared a semi-annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be issued a $0.8993 dividend. The ex-dividend date is Friday, May 16th. This represents a yield of 2.4%. Coca-Cola Europacific Partners's dividend payout ratio is currently 16.26%.
About Coca-Cola Europacific Partners
(
Free Report)
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.
Featured Stories
Want to see what other hedge funds are holding CCEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Coca-Cola Europacific Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coca-Cola Europacific Partners wasn't on the list.
While Coca-Cola Europacific Partners currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
