Swiss National Bank Sells 15,100 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Swiss National Bank lessened its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 664,714 shares of the company's stock after selling 15,100 shares during the period. Swiss National Bank owned 0.15% of Coca-Cola Europacific Partners worth $44,363,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC bought a new position in shares of Coca-Cola Europacific Partners during the fourth quarter valued at approximately $28,000. Global Retirement Partners LLC increased its position in Coca-Cola Europacific Partners by 24.1% in the fourth quarter. Global Retirement Partners LLC now owns 799 shares of the company's stock worth $54,000 after buying an additional 155 shares during the period. China Universal Asset Management Co. Ltd. bought a new stake in Coca-Cola Europacific Partners in the fourth quarter valued at $61,000. NBC Securities Inc. acquired a new position in shares of Coca-Cola Europacific Partners during the third quarter valued at $73,000. Finally, ZRC Wealth Management LLC bought a new position in shares of Coca-Cola Europacific Partners during the fourth quarter worth about $85,000. Institutional investors and hedge funds own 31.35% of the company's stock.

Coca-Cola Europacific Partners Trading Up 2.7 %

Shares of NASDAQ:CCEP traded up $1.94 on Tuesday, reaching $73.30. 2,010,310 shares of the company traded hands, compared to its average volume of 1,506,409. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.72. The company's 50 day moving average is $70.00 and its 200-day moving average is $66.44. Coca-Cola Europacific Partners PLC has a fifty-two week low of $56.28 and a fifty-two week high of $73.47.

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) last announced its 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. On average, sell-side analysts anticipate that Coca-Cola Europacific Partners PLC will post 4.15 EPS for the current year.

Coca-Cola Europacific Partners Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CCEP shares. Argus boosted 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 note on Tuesday, March 19th. Barclays raised their target price 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, April 29th. BNP Paribas raised shares of Coca-Cola Europacific Partners from a "neutral" rating to an "outperform" rating and set a $79.00 price target for the company in a research note on Friday, January 12th. StockNews.com upgraded shares of Coca-Cola Europacific Partners from a "hold" rating to a "buy" rating in a research note on Monday, February 26th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a "buy" rating in a research report on Thursday, March 28th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $75.78.

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.