ProShare Advisors LLC Raises Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

ProShare Advisors LLC lifted its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 21.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 522,267 shares of the company's stock after buying an additional 91,633 shares during the quarter. ProShare Advisors LLC owned about 0.11% of Coca-Cola Europacific Partners worth $40,115,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CCEP. Cibc World Markets Corp increased its holdings in shares of Coca-Cola Europacific Partners by 1.4% in the 4th quarter. Cibc World Markets Corp now owns 10,200 shares of the company's stock worth $783,000 after buying an additional 139 shares during the last quarter. TIAA Trust National Association boosted its position in Coca-Cola Europacific Partners by 4.4% during the 4th quarter. TIAA Trust National Association now owns 3,420 shares of the company's stock valued at $263,000 after buying an additional 145 shares during the period. Moody Lynn & Lieberson LLC boosted its position in Coca-Cola Europacific Partners by 5.0% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company's stock valued at $242,000 after buying an additional 150 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Coca-Cola Europacific Partners by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 53,142 shares of the company's stock worth $4,087,000 after purchasing an additional 155 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Coca-Cola Europacific Partners by 16.2% during the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company's stock valued at $94,000 after buying an additional 166 shares during the period. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Trading Up 0.7%

NASDAQ CCEP traded up $0.61 during trading on Wednesday, hitting $89.17. The stock had a trading volume of 448,114 shares, compared to its average volume of 2,314,354. 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 stock has a market capitalization of $41.10 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 4.89 and a beta of 0.77. Coca-Cola Europacific Partners PLC has a one year low of $70.82 and a one year high of $91.37. The stock has a 50 day simple moving average of $87.18 and a 200 day simple moving average of $81.86.

Coca-Cola Europacific Partners Cuts Dividend

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

Analyst Ratings Changes

CCEP has been the topic of several analyst reports. UBS Group upped their price objective on Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. Evercore ISI boosted their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Finally, Barclays boosted their target price 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 investment analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Coca-Cola Europacific Partners currently has a consensus rating of "Moderate Buy" and an average target price of $88.50.

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.