Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Purchased by State of Wyoming

State of Wyoming lifted its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 444.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,686 shares of the company's stock after purchasing an additional 6,275 shares during the quarter. State of Wyoming's holdings in Coca-Cola Europacific Partners were worth $590,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter worth about $27,000. Optiver Holding B.V. purchased a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter valued at approximately $29,000. MassMutual Private Wealth & Trust FSB lifted 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 purchasing an additional 197 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Coca-Cola Europacific Partners in the fourth quarter valued at $34,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of Coca-Cola Europacific Partners in the fourth quarter valued at $52,000. Institutional investors and hedge funds own 31.35% of the company's stock.

Coca-Cola Europacific Partners Stock Performance

CCEP traded down $0.35 during trading hours on Thursday, hitting $88.59. 1,137,937 shares of the stock were exchanged, compared to its average volume of 1,739,792. The stock has a market cap of $40.84 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 4.89 and a beta of 0.77. The stock has a 50-day simple moving average of $87.29 and a 200-day simple moving average of $81.91. 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 12 month low of $70.82 and a 12 month high of $91.37.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 16th will be given a dividend of $0.8993 per share. 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%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group boosted 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 report on Wednesday, April 30th. Evercore ISI increased their price target 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. Barclays lifted their price objective on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Kepler Capital Markets cut Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.