Boston Partners Trims Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Boston Partners lowered its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 15.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,927,636 shares of the company's stock after selling 1,398,501 shares during the quarter. Boston Partners owned 1.74% of Coca-Cola Europacific Partners worth $528,995,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC bought a new position in shares of Coca-Cola Europacific Partners during the 4th quarter valued at approximately $28,000. Benjamin F. Edwards & Company Inc. grew its position in Coca-Cola Europacific Partners by 220.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the company's stock valued at $34,000 after acquiring an additional 352 shares during the last quarter. Global Retirement Partners LLC grew its position in Coca-Cola Europacific Partners by 24.1% in the 4th quarter. Global Retirement Partners LLC now owns 799 shares of the company's stock valued at $54,000 after acquiring an additional 155 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new position in Coca-Cola Europacific Partners in the 4th quarter valued at $61,000. Finally, NBC Securities Inc. bought a new position in Coca-Cola Europacific Partners in the 3rd quarter valued at $73,000. Institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Trading Up 0.3 %

Shares of Coca-Cola Europacific Partners stock traded up $0.19 on Friday, reaching $73.83. 1,162,755 shares of the stock were exchanged, compared to its average volume of 1,351,441. 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 twelve month low of $56.28 and a twelve month high of $74.11. The business has a 50 day moving average price of $70.27 and a two-hundred day moving average price of $66.71.

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) last announced its quarterly earnings results on Friday, February 23rd. The company reported $1.85 earnings per share for the quarter, meeting the consensus estimate of $1.85. As a group, analysts predict that Coca-Cola Europacific Partners PLC will post 4.15 earnings per share for the current fiscal year.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, May 23rd. Investors 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 of this dividend is Thursday, May 9th.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. StockNews.com raised Coca-Cola Europacific Partners from a "hold" rating to a "buy" rating in a research report on Monday, February 26th. Barclays raised their price target on Coca-Cola Europacific Partners from $75.00 to $78.00 and gave the stock an "overweight" rating in a report on Monday, April 29th. Deutsche Bank Aktiengesellschaft raised their price target on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a "buy" rating in a report on Thursday, March 28th. UBS Group raised their price target on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the stock a "buy" rating in a report on Monday, February 26th. Finally, Argus raised their price target on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a "buy" rating in a report on Tuesday, March 19th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of "Buy" and an average target price of $75.78.

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.