Zurich Insurance Group Ltd FI lessened its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,365 shares of the company's stock after selling 4,691 shares during the period. Zurich Insurance Group Ltd FI's holdings in Coca-Cola Europacific Partners were worth $4,560,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of CCEP. Assenagon Asset Management S.A. lifted its stake in shares of Coca-Cola Europacific Partners by 1.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 19,851 shares of the company's stock valued at $1,525,000 after purchasing an additional 260 shares during the last quarter. HB Wealth Management LLC lifted its stake in shares of Coca-Cola Europacific Partners by 7.0% in the 4th quarter. HB Wealth Management LLC now owns 3,690 shares of the company's stock valued at $283,000 after purchasing an additional 243 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Coca-Cola Europacific Partners by 85.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock valued at $33,000 after purchasing an additional 197 shares during the last quarter. Transform Wealth LLC lifted its stake in shares of Coca-Cola Europacific Partners by 7.7% in the 4th quarter. Transform Wealth LLC now owns 138,691 shares of the company's stock valued at $10,653,000 after purchasing an additional 9,864 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in Coca-Cola Europacific Partners by 120.8% in the 4th quarter. SG Americas Securities LLC now owns 433,121 shares of the company's stock worth $33,268,000 after acquiring an additional 236,917 shares during the period. Institutional investors and hedge funds own 31.35% of the company's stock.
Coca-Cola Europacific Partners Price Performance
Shares of CCEP traded up $0.86 during mid-day trading on Friday, hitting $89.45. 1,387,734 shares of the company traded hands, compared to its average volume of 1,743,659. Coca-Cola Europacific Partners PLC has a one year low of $70.82 and a one year high of $91.37. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The business has a 50-day moving average of $87.45 and a 200 day moving average of $82.08. The stock has a market capitalization of $41.23 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 4.89 and a beta of 0.77.
Coca-Cola Europacific Partners Cuts Dividend
The business also recently declared a semi-annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.8993 per share. The ex-dividend date is Friday, May 16th. This represents a dividend yield of 2.4%. Coca-Cola Europacific Partners's dividend payout ratio (DPR) is currently 16.26%.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. UBS Group lifted their target price 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. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. Barclays lifted their target price on shares of 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, Evercore ISI lifted their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $88.50.
Read Our Latest Stock Analysis on CCEP
Coca-Cola Europacific Partners Company Profile
(
Free Report)
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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