Nuveen Asset Management LLC Sells 322,075 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Nuveen Asset Management LLC decreased its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 13.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,059,648 shares of the company's stock after selling 322,075 shares during the period. Nuveen Asset Management LLC owned 0.45% of Coca-Cola Europacific Partners worth $158,202,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CCEP. SBI Securities Co. Ltd. acquired a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter worth $27,000. Optiver Holding B.V. purchased a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter valued at $29,000. MassMutual Private Wealth & Trust FSB lifted its stake in Coca-Cola Europacific Partners by 85.3% in 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 purchased a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter worth about $34,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Coca-Cola Europacific Partners during the 4th quarter valued at about $52,000. Institutional investors and hedge funds own 31.35% of the company's stock.

Coca-Cola Europacific Partners Trading Up 0.4%

Coca-Cola Europacific Partners stock traded up $0.39 during trading hours on Monday, reaching $88.69. 1,183,998 shares of the company's stock were exchanged, compared to its average volume of 1,738,922. 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 firm's 50 day simple moving average is $86.94 and its 200 day simple moving average is $81.72. Coca-Cola Europacific Partners PLC has a twelve month low of $70.82 and a twelve month high of $91.37. The firm has a market capitalization of $40.88 billion, a PE ratio of 18.25, a PEG ratio of 4.89 and a beta of 0.77.

Coca-Cola Europacific Partners Cuts Dividend

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

Analyst Ratings Changes

CCEP has been the subject of a number of research reports. UBS Group raised their price objective on Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Evercore ISI boosted their price target on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Barclays upped their target price on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Coca-Cola Europacific Partners has an average rating of "Moderate Buy" and a consensus price target of $88.50.

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.