Susquehanna Fundamental Investments LLC Invests $631,000 in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,211 shares of the company's stock, valued at approximately $631,000.

Other hedge funds have also recently made changes to their positions in the company. Virtu Financial LLC raised its holdings in Coca-Cola Europacific Partners by 133.7% in the 3rd quarter. Virtu Financial LLC now owns 15,139 shares of the company's stock worth $1,192,000 after purchasing an additional 8,661 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Coca-Cola Europacific Partners in the 3rd quarter worth approximately $165,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Coca-Cola Europacific Partners by 0.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 47,496 shares of the company's stock valued at $3,740,000 after buying an additional 177 shares during the last quarter. Miracle Mile Advisors LLC purchased a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth about $455,000. Finally, Assenagon Asset Management S.A. raised its stake in Coca-Cola Europacific Partners by 1.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 19,851 shares of the company's stock worth $1,525,000 after acquiring an additional 260 shares during the last quarter. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Price Performance

CCEP stock traded down $0.61 during midday trading on Thursday, hitting $90.44. 453,484 shares of the stock were exchanged, compared to its average volume of 1,715,558. 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 cap of $41.69 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 4.89 and a beta of 0.77. The stock's 50-day moving average price is $86.37 and its 200-day moving average price is $81.13. Coca-Cola Europacific Partners PLC has a fifty-two week low of $70.82 and a fifty-two week high of $95.67.

Coca-Cola Europacific Partners Cuts Dividend

The firm also recently disclosed 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. This represents a dividend yield of 2.4%. The ex-dividend date is Friday, May 16th. Coca-Cola Europacific Partners's dividend payout ratio (DPR) is 16.26%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. UBS Group boosted their target price on shares of Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Barclays boosted their price objective 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, Evercore ISI raised their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Coca-Cola Europacific Partners presently has a consensus 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.