Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Bought by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lifted its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 30.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,975 shares of the company's stock after purchasing an additional 15,806 shares during the quarter. Price T Rowe Associates Inc. MD's holdings in Coca-Cola Europacific Partners were worth $5,145,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. LPL Financial LLC grew its holdings in shares of Coca-Cola Europacific Partners by 28.1% during the 4th quarter. LPL Financial LLC now owns 117,700 shares of the company's stock worth $9,041,000 after purchasing an additional 25,840 shares during the period. JPMorgan Chase & Co. grew its stake in Coca-Cola Europacific Partners by 43.3% during the fourth quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company's stock worth $221,835,000 after buying an additional 872,060 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter worth $446,000. Amundi raised its stake in shares of Coca-Cola Europacific Partners by 2.9% in the 4th quarter. Amundi now owns 3,078,851 shares of the company's stock valued at $233,716,000 after acquiring an additional 87,675 shares during the period. Finally, Transform Wealth LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 7.7% during the 4th quarter. Transform Wealth LLC now owns 138,691 shares of the company's stock valued at $10,653,000 after acquiring an additional 9,864 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on CCEP. Evercore ISI raised their price objective 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 cut Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. Barclays boosted 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 research report on Thursday, May 1st. Finally, UBS Group increased 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 report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Coca-Cola Europacific Partners currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.50.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP traded down $1.27 during midday trading on Thursday, hitting $89.78. 1,515,399 shares of the stock traded hands, compared to its average volume of 1,719,456. The business's 50 day moving average price is $86.37 and its two-hundred day moving average price is $81.13. The firm has a market capitalization of $41.38 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 4.89 and a beta of 0.77. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. Coca-Cola Europacific Partners PLC has a 1-year low of $70.82 and a 1-year high of $95.67.

Coca-Cola Europacific Partners Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.8993 per share. 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 presently 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.