Nomura Holdings Inc. Reduces Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Nomura Holdings Inc. lowered its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 50.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,268 shares of the company's stock after selling 52,017 shares during the period. Nomura Holdings Inc.'s holdings in Coca-Cola Europacific Partners were worth $3,861,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Miracle Mile Advisors LLC bought a new position in Coca-Cola Europacific Partners in the fourth quarter worth about $455,000. Assenagon Asset Management S.A. increased its stake in shares of Coca-Cola Europacific Partners by 1.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 19,851 shares of the company's stock valued at $1,525,000 after acquiring an additional 260 shares during the period. Park Avenue Securities LLC boosted its stake in Coca-Cola Europacific Partners by 16.4% during the fourth quarter. Park Avenue Securities LLC now owns 18,056 shares of the company's stock valued at $1,387,000 after buying an additional 2,548 shares in the last quarter. Redhawk Wealth Advisors Inc. lifted its holdings in Coca-Cola Europacific Partners by 39.9% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 6,423 shares of the company's stock valued at $493,000 after acquiring an additional 1,832 shares during the last quarter. Finally, HB Wealth Management LLC lifted its position in shares of Coca-Cola Europacific Partners by 7.0% during the 4th quarter. HB Wealth Management LLC now owns 3,690 shares of the company's stock valued at $283,000 after acquiring an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 31.35% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CCEP shares. Evercore ISI raised their price target on 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. 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. UBS Group raised their price target on shares of Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, Barclays increased their price target on shares of Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $88.50.

Coca-Cola Europacific Partners Stock Performance

Shares of Coca-Cola Europacific Partners stock traded up $0.33 during mid-day trading on Wednesday, hitting $88.89. 389,944 shares of the stock were exchanged, compared to its average volume of 1,735,066. Coca-Cola Europacific Partners PLC has a 12 month low of $70.82 and a 12 month high of $91.37. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. The company has a 50-day simple moving average of $87.18 and a 200 day simple moving average of $81.86. The company has a market capitalization of $40.98 billion, a P/E ratio of 18.28, a P/E/G ratio of 4.89 and a beta of 0.77.

Coca-Cola Europacific Partners Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be given a $0.8993 dividend. The ex-dividend date of this dividend 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%.

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.