Quantinno Capital Management LP Increases Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Quantinno Capital Management LP lifted its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 20.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,737 shares of the company's stock after acquiring an additional 6,160 shares during the period. Quantinno Capital Management LP's holdings in Coca-Cola Europacific Partners were worth $2,745,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CCEP. Assenagon Asset Management S.A. increased its position in shares of Coca-Cola Europacific Partners by 1.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 19,851 shares of the company's stock worth $1,525,000 after acquiring an additional 260 shares in the last quarter. HB Wealth Management LLC increased its position in shares of Coca-Cola Europacific Partners by 7.0% during the fourth quarter. HB Wealth Management LLC now owns 3,690 shares of the company's stock worth $283,000 after acquiring an additional 243 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Coca-Cola Europacific Partners by 85.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock worth $33,000 after acquiring an additional 197 shares in the last quarter. Transform Wealth LLC boosted its holdings in Coca-Cola Europacific Partners by 7.7% during the fourth quarter. Transform Wealth LLC now owns 138,691 shares of the company's stock worth $10,653,000 after purchasing an additional 9,864 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Coca-Cola Europacific Partners by 120.8% in the 4th quarter. SG Americas Securities LLC now owns 433,121 shares of the company's stock worth $33,268,000 after purchasing an additional 236,917 shares in the last quarter. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Stock Performance

CCEP traded up $0.86 during midday trading on Friday, reaching $89.45. The company had a trading volume of 1,387,734 shares, compared to its average volume of 1,745,837. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. The stock has a market cap of $41.23 billion, a PE ratio of 18.41, a P/E/G ratio of 4.89 and a beta of 0.77. Coca-Cola Europacific Partners PLC has a 12-month low of $70.82 and a 12-month high of $91.37. The business has a 50-day moving average price of $87.45 and a two-hundred day moving average price of $82.12.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be paid a $0.8993 dividend. This represents a yield of 2.4%. The ex-dividend date is Friday, May 16th. Coca-Cola Europacific Partners's payout ratio is 16.26%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. UBS Group upped 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 report on Wednesday, April 30th. Barclays upped 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 report on Thursday, May 1st. Evercore ISI upped 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 report on Tuesday, February 18th. Finally, Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Coca-Cola Europacific Partners has an average rating of "Moderate Buy" and an average target price of $88.50.

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.