Coca-Cola Europacific Partners (NASDAQ:CCEP) Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG cut its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 25.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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.

A number of other institutional investors and hedge funds have also bought and sold shares of CCEP. NBC Securities Inc. bought a new stake in shares of Coca-Cola Europacific Partners in the first quarter worth about $28,000. SBI Securities Co. Ltd. bought a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter worth about $27,000. Optiver Holding B.V. bought a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter worth about $29,000. HM Payson & Co. bought a new stake in shares of Coca-Cola Europacific Partners in the first quarter worth about $33,000. Finally, Summit Securities Group LLC bought a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter worth about $34,000. 31.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Coca-Cola Europacific Partners Stock Up 0.1%

NASDAQ:CCEP traded up $0.07 during trading hours on Friday, reaching $95.52. The company's stock had a trading volume of 1,223,620 shares, compared to its average volume of 1,825,075. The stock has a 50 day moving average price of $91.52 and a two-hundred day moving average price of $85.69. The company has a market capitalization of $44.03 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 4.82 and a beta of 0.77. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.62 and a current ratio of 0.81. 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 firm also recently declared 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. This represents a dividend yield of 2.4%. The ex-dividend date was Friday, May 16th.

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.