Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. trimmed its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,644,017 shares of the company’s stock after selling 10,932 shares during the period. Ameriprise Financial Inc. owned about 0.36% of Coca-Cola Europacific Partners worth $124,467,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in Coca-Cola Europacific Partners in the 4th quarter valued at $27,000. Optiver Holding B.V. acquired a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at about $29,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Coca-Cola Europacific Partners by 85.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock worth $33,000 after buying an additional 197 shares in the last quarter. Summit Securities Group LLC acquired a new position in Coca-Cola Europacific Partners during the fourth quarter worth about $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter valued at about $52,000. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock opened at $90.99 on Thursday. 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 company has a market capitalization of $41.94 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 4.89 and a beta of 0.77. The company’s 50 day simple moving average is $86.37 and its 200-day simple moving average is $81.13. 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 company also recently declared a semi-annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be given 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 is currently 16.26%.

Analyst Ratings Changes

Several brokerages have recently weighed in on CCEP. Evercore ISI boosted their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Kepler Capital Markets cut Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. UBS Group lifted their price target on Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, April 30th. Finally, Barclays upped their price objective on shares of Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $88.50.

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.