Russell Investments Group Ltd. Has $24.53 Million Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Russell Investments Group Ltd. cut its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 22.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 367,203 shares of the company's stock after selling 106,531 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.08% of Coca-Cola Europacific Partners worth $24,525,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its stake in shares of Coca-Cola Europacific Partners by 3.7% during the third quarter. FMR LLC now owns 6,359,772 shares of the company's stock worth $397,359,000 after buying an additional 225,744 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Coca-Cola Europacific Partners by 1.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,525,434 shares of the company's stock valued at $157,789,000 after purchasing an additional 47,501 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Coca-Cola Europacific Partners by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,221,296 shares of the company's stock worth $138,787,000 after purchasing an additional 168,420 shares during the last quarter. Northern Trust Corp grew its stake in shares of Coca-Cola Europacific Partners by 24.6% during the third quarter. Northern Trust Corp now owns 1,413,900 shares of the company's stock worth $88,340,000 after purchasing an additional 279,218 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of Coca-Cola Europacific Partners by 4.2% during the third quarter. Ameriprise Financial Inc. now owns 1,383,485 shares of the company's stock worth $86,060,000 after purchasing an additional 55,808 shares in the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CCEP. UBS Group upped their price objective on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the stock a "buy" rating in a research report on Monday, February 26th. Barclays increased their price target on shares of Coca-Cola Europacific Partners from $75.00 to $78.00 and gave the company an "overweight" rating in a research note on Monday. StockNews.com upgraded shares of Coca-Cola Europacific Partners from a "hold" rating to a "buy" rating in a research report on Monday, February 26th. Argus increased their target price on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a "buy" rating in a research report on Tuesday, March 19th. Finally, BNP Paribas upgraded shares of Coca-Cola Europacific Partners from a "neutral" rating to an "outperform" rating and set a $79.00 price target on the stock in a research note on Friday, January 12th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Coca-Cola Europacific Partners currently has an average rating of "Buy" and a consensus target price of $75.78.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock traded down $0.06 during midday trading on Thursday, hitting $71.53. 1,157,940 shares of the company's stock were exchanged, compared to its average volume of 1,511,744. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27. Coca-Cola Europacific Partners PLC has a 12-month low of $56.28 and a 12-month high of $72.67. The firm's 50 day simple moving average is $69.89 and its 200 day simple moving average is $66.03.

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) last released its quarterly earnings results on Friday, February 23rd. The company reported $1.85 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.85. Equities research analysts forecast that Coca-Cola Europacific Partners PLC will post 4.16 earnings per share for the current fiscal year.

Coca-Cola Europacific Partners Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Friday, May 10th will be given a dividend of $0.79 per share. This represents a yield of 5.6%. The ex-dividend date is Thursday, May 9th.

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.