Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Stock Position Raised by Royal Bank of Canada

Royal Bank of Canada boosted its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 866,898 shares of the company's stock after buying an additional 8,863 shares during the quarter. Royal Bank of Canada owned 0.19% of Coca-Cola Europacific Partners worth $66,586,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Cibc World Markets Corp boosted its stake in Coca-Cola Europacific Partners by 1.4% during the fourth quarter. Cibc World Markets Corp now owns 10,200 shares of the company's stock valued at $783,000 after buying an additional 139 shares in the last quarter. TIAA Trust National Association lifted its holdings in shares of Coca-Cola Europacific Partners by 4.4% during the fourth quarter. TIAA Trust National Association now owns 3,420 shares of the company's stock valued at $263,000 after purchasing an additional 145 shares during the last quarter. Moody Lynn & Lieberson LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 5.0% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company's stock valued at $242,000 after purchasing an additional 150 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Coca-Cola Europacific Partners by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 53,142 shares of the company's stock valued at $4,087,000 after purchasing an additional 155 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Coca-Cola Europacific Partners by 16.2% during the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company's stock valued at $94,000 after purchasing an additional 166 shares during the last quarter. Institutional investors own 31.35% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CCEP shares. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. 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. Evercore ISI upped their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Finally, UBS Group upped their target price on Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $88.50.

Coca-Cola Europacific Partners Stock Up 1.0%

Coca-Cola Europacific Partners stock traded up $0.86 during mid-day trading on Friday, hitting $89.45. The company's stock had a trading volume of 1,387,734 shares, compared to its average volume of 1,743,659. The firm's 50 day moving average is $87.37 and its 200 day moving average is $82.00. The company has a market cap of $41.23 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 4.89 and a beta of 0.77. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. Coca-Cola Europacific Partners PLC has a 52-week low of $70.82 and a 52-week high of $91.37.

Coca-Cola Europacific Partners Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 27th. Investors 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 dividend payout ratio is currently 16.26%.

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.