Robeco Schweiz AG Has $11.28 Million Stake in Coca-Cola Europacific Partners (NASDAQ:CCEP)

Robeco Schweiz AG reduced its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 25.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 129,631 shares of the company's stock after selling 44,528 shares during the quarter. Robeco Schweiz AG's holdings in Coca-Cola Europacific Partners were worth $11,282,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. LPL Financial LLC lifted its holdings in Coca-Cola Europacific Partners by 28.1% during the 4th quarter. LPL Financial LLC now owns 117,700 shares of the company's stock worth $9,041,000 after buying an additional 25,840 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Coca-Cola Europacific Partners by 43.3% during the 4th quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company's stock worth $221,835,000 after purchasing an additional 872,060 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $446,000. Catalyst Funds Management Pty Ltd acquired a new position in Coca-Cola Europacific Partners during the 4th quarter valued at about $12,075,000. Finally, Siemens Fonds Invest GmbH raised its position in Coca-Cola Europacific Partners by 79.1% in the 4th 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 last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $95.45 on Friday. Coca-Cola Europacific Partners has a 52-week low of $71.49 and a 52-week high of $97.23. The business's fifty day moving average is $91.52 and its 200 day moving average is $85.69. 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 firm has a market cap of $44.00 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 4.87 and a beta of 0.77.

Coca-Cola Europacific Partners Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were paid a $0.8993 dividend. This represents a yield of 2.4%. The ex-dividend date was Friday, May 16th.

Analyst Ratings Changes

CCEP has been the subject of several recent analyst reports. Barclays upped their target price 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. UBS Group raised their price target on shares of 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. Finally, Wall Street Zen downgraded Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.14.

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.

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