Susquehanna Fundamental Investments LLC Purchases New Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

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

A number of other large investors also recently added to or reduced their stakes in CCEP. Price T Rowe Associates Inc. MD lifted its holdings in Coca-Cola Europacific Partners by 30.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 66,975 shares of the company's stock valued at $5,145,000 after buying an additional 15,806 shares during the period. Quantessence Capital LLC bought a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth $999,000. Hsbc Holdings PLC grew its stake in shares of Coca-Cola Europacific Partners by 16.8% during the fourth quarter. Hsbc Holdings PLC now owns 145,084 shares of the company's stock worth $11,107,000 after purchasing an additional 20,875 shares during the period. SIH Partners LLLP bought a new stake in Coca-Cola Europacific Partners in the fourth quarter valued at about $8,738,000. Finally, TD Waterhouse Canada Inc. boosted its holdings in Coca-Cola Europacific Partners by 61.3% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,757 shares of the company's stock worth $135,000 after buying an additional 668 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on CCEP. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. UBS Group increased their target price on 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. Barclays raised 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 report on Thursday, May 1st. Finally, Evercore ISI upped their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Coca-Cola Europacific Partners has a consensus rating of "Moderate Buy" and a consensus target price of $88.50.

Coca-Cola Europacific Partners Stock Up 0.8 %

Shares of Coca-Cola Europacific Partners stock traded up $0.69 during trading hours on Tuesday, reaching $90.55. 1,766,380 shares of the company's stock were exchanged, compared to its average volume of 1,719,025. The stock has a market cap of $41.74 billion, a P/E ratio of 18.63, a P/E/G ratio of 4.89 and a beta of 0.77. The company has a 50 day moving average of $86.19 and a two-hundred day moving average of $80.99. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners PLC has a fifty-two week low of $70.82 and a fifty-two week high of $91.29.

Coca-Cola Europacific Partners Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, May 27th. Investors 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 yield of 2.4%. Coca-Cola Europacific Partners's payout ratio is 16.26%.

About Coca-Cola Europacific Partners

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.