Teacher Retirement System of Texas Sells 244,882 Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP)

Teacher Retirement System of Texas lessened its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 53.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 215,432 shares of the company's stock after selling 244,882 shares during the period. Teacher Retirement System of Texas' holdings in Coca-Cola Europacific Partners were worth $18,749,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CCEP. Oppenheimer & Co. Inc. grew its holdings in shares of Coca-Cola Europacific Partners by 36.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 5,888 shares of the company's stock worth $452,000 after purchasing an additional 1,571 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Coca-Cola Europacific Partners by 16.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,268 shares of the company's stock worth $173,000 after purchasing an additional 314 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Coca-Cola Europacific Partners by 135.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,749 shares of the company's stock worth $134,000 after purchasing an additional 1,006 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth $27,000. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Coca-Cola Europacific Partners by 13.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,322 shares of the company's stock worth $486,000 after purchasing an additional 738 shares during the last quarter. Institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Trading Up 3.6%

Coca-Cola Europacific Partners stock traded up $3.38 during mid-day trading on Friday, hitting $96.96. The stock had a trading volume of 2,593,818 shares, compared to its average volume of 1,814,842. The stock has a 50-day simple moving average of $90.98 and a two-hundred day simple moving average of $85.18. The stock has a market capitalization of $44.69 billion, a PE ratio of 19.95, a P/E/G ratio of 5.00 and a beta of 0.77. Coca-Cola Europacific Partners has a 12 month low of $71.49 and a 12 month high of $96.55. The company has a current ratio of 0.81, a quick ratio of 0.62 and a debt-to-equity ratio of 1.11.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were issued a dividend of $0.8993 per share. This represents a yield of 2.4%. The ex-dividend date of this dividend was Friday, May 16th. Coca-Cola Europacific Partners's dividend payout ratio (DPR) is currently 16.26%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wall Street Zen cut Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Saturday. UBS Group raised their price target on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Barclays raised their price target 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. One analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $89.13.

Coca-Cola Europacific Partners 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.