Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Stake Raised by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH boosted its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 79.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,226 shares of the company’s stock after buying an additional 7,165 shares during the period. Siemens Fonds Invest GmbH’s holdings in Coca-Cola Europacific Partners were worth $1,246,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CCEP. Assenagon Asset Management S.A. raised its holdings in Coca-Cola Europacific Partners by 1.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 19,851 shares of the company’s stock worth $1,525,000 after buying an additional 260 shares during the period. Park Avenue Securities LLC raised its holdings in Coca-Cola Europacific Partners by 16.4% during the 4th quarter. Park Avenue Securities LLC now owns 18,056 shares of the company’s stock worth $1,387,000 after buying an additional 2,548 shares during the period. Redhawk Wealth Advisors Inc. raised its holdings in Coca-Cola Europacific Partners by 39.9% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 6,423 shares of the company’s stock worth $493,000 after buying an additional 1,832 shares during the period. HB Wealth Management LLC raised its holdings in Coca-Cola Europacific Partners by 7.0% during the 4th quarter. HB Wealth Management LLC now owns 3,690 shares of the company’s stock worth $283,000 after buying an additional 243 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Coca-Cola Europacific Partners by 85.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock worth $33,000 after buying an additional 197 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on CCEP. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. Barclays boosted their price objective on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. UBS Group lifted their target price on 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. Finally, Evercore ISI lifted their target price on 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.50.

Coca-Cola Europacific Partners Trading Up 0.6%

NASDAQ:CCEP opened at $88.30 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. Coca-Cola Europacific Partners PLC has a fifty-two week low of $70.82 and a fifty-two week high of $91.37. The stock’s 50-day moving average is $86.94 and its two-hundred day moving average is $81.65. The stock has a market cap of $40.70 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 4.89 and a beta of 0.77.

Coca-Cola Europacific Partners Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.8993 per share. The ex-dividend date is Friday, May 16th. This represents a 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.