Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Stock Position Trimmed by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 3.1% during the 4th quarter, HoldingsChannel reports. The firm owned 273,704 shares of the company’s stock after selling 8,758 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Coca-Cola Europacific Partners were worth $21,023,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CCEP. Norges Bank bought a new stake in Coca-Cola Europacific Partners in the 4th quarter valued at about $190,999,000. Invesco Ltd. raised its position in shares of Coca-Cola Europacific Partners by 26.3% during the 4th quarter. Invesco Ltd. now owns 10,119,928 shares of the company’s stock worth $777,312,000 after buying an additional 2,105,019 shares in the last quarter. Barclays PLC raised its position in shares of Coca-Cola Europacific Partners by 236.4% during the 4th quarter. Barclays PLC now owns 1,804,855 shares of the company’s stock worth $138,631,000 after buying an additional 1,268,401 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Coca-Cola Europacific Partners by 43.3% during the 4th quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company’s stock worth $221,835,000 after buying an additional 872,060 shares in the last quarter. Finally, Jane Street Group LLC raised its position in shares of Coca-Cola Europacific Partners by 842.4% during the 4th quarter. Jane Street Group LLC now owns 714,988 shares of the company’s stock worth $54,918,000 after buying an additional 639,119 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CCEP shares. Barclays boosted their price target 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. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. Evercore ISI boosted their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Finally, UBS Group boosted their price target on shares of Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $88.50.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP opened at $86.62 on Thursday. The firm’s 50 day moving average is $86.70 and its 200-day moving average is $81.49. The stock has a market capitalization of $39.93 billion, a P/E ratio of 17.82, a P/E/G ratio of 4.89 and a beta of 0.77. 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 12-month low of $70.82 and a 12-month high of $91.37.

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 paid a $0.8993 dividend. 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%.

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.