Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. trimmed its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEPFree Report) by 78.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,711 shares of the company’s stock after selling 294,354 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Coca-Cola Europacific Partners were worth $5,780,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FIL Ltd boosted its position in Coca-Cola Europacific Partners by 9.6% during the fourth quarter. FIL Ltd now owns 3,629,675 shares of the company’s stock worth $242,245,000 after purchasing an additional 317,936 shares in the last quarter. Point72 Asset Management L.P. boosted its position in Coca-Cola Europacific Partners by 89.3% during the fourth quarter. Point72 Asset Management L.P. now owns 2,156,056 shares of the company’s stock worth $143,895,000 after purchasing an additional 1,017,278 shares in the last quarter. Fiduciary Management Inc. WI boosted its position in Coca-Cola Europacific Partners by 25.8% during the fourth quarter. Fiduciary Management Inc. WI now owns 1,785,320 shares of the company’s stock worth $119,152,000 after purchasing an additional 365,820 shares in the last quarter. LSV Asset Management boosted its position in Coca-Cola Europacific Partners by 1.6% during the fourth quarter. LSV Asset Management now owns 1,367,801 shares of the company’s stock worth $91,287,000 after purchasing an additional 21,495 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Coca-Cola Europacific Partners by 1.2% during the fourth quarter. Wells Fargo & Company MN now owns 1,066,631 shares of the company’s stock worth $71,187,000 after purchasing an additional 12,679 shares in the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Trading Up 0.8 %

CCEP stock opened at $72.78 on Thursday. The business has a fifty day moving average of $73.62 and a two-hundred day moving average of $70.35. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.72. Coca-Cola Europacific Partners PLC has a 52-week low of $56.28 and a 52-week high of $76.44.

Coca-Cola Europacific Partners Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, May 23rd. Shareholders of record on Friday, May 10th were paid a dividend of $0.79 per share. The ex-dividend date was Thursday, May 9th. This represents a yield of 5.6%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Barclays raised their target price on Coca-Cola Europacific Partners from $78.00 to $84.00 and gave the company an “overweight” rating in a research report on Tuesday, May 14th. Deutsche Bank Aktiengesellschaft raised their target price on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Bank of America lifted their price objective on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday. StockNews.com downgraded Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Sunday, May 19th. Finally, Argus lifted their price objective on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and a consensus target price of $77.00.

View Our Latest Research Report on Coca-Cola Europacific Partners

Coca-Cola Europacific Partners Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Coca-Cola Europacific Partners (NASDAQ:CCEP)

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