Nissay Asset Management Corp Japan ADV Increases Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Nissay Asset Management Corp Japan ADV lifted its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 8.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,730 shares of the company's stock after purchasing an additional 5,723 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Coca-Cola Europacific Partners were worth $5,486,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in Coca-Cola Europacific Partners during the 4th quarter worth about $27,000. Optiver Holding B.V. bought a new position in Coca-Cola Europacific Partners during the 4th quarter worth about $29,000. MassMutual Private Wealth & Trust FSB grew its holdings in Coca-Cola Europacific Partners by 85.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock worth $33,000 after acquiring an additional 197 shares in the last quarter. Summit Securities Group LLC bought a new position in Coca-Cola Europacific Partners during the 4th quarter worth about $34,000. Finally, Whipplewood Advisors LLC bought a new position in Coca-Cola Europacific Partners during the 4th quarter worth about $52,000. 31.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CCEP. UBS Group increased 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. Barclays increased 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. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. Finally, Evercore ISI increased their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $88.50.

Coca-Cola Europacific Partners Stock Performance

Shares of Coca-Cola Europacific Partners stock traded up $0.39 during midday trading on Monday, hitting $88.69. The company had a trading volume of 1,183,998 shares, compared to its average volume of 1,738,922. The stock has a market cap of $40.88 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 4.89 and a beta of 0.77. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The company has a fifty day simple moving average of $86.94 and a 200 day simple moving average of $81.72. Coca-Cola Europacific Partners PLC has a 12-month low of $70.82 and a 12-month high of $91.37.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 16th will be given a $0.8993 dividend. This represents a dividend yield of 2.4%. The ex-dividend date is Friday, May 16th. Coca-Cola Europacific Partners's payout ratio is currently 16.26%.

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.