Access Investment Management LLC Takes $367,000 Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Access Investment Management LLC acquired a new stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEPFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,500 shares of the company’s stock, valued at approximately $367,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC increased its position in shares of Coca-Cola Europacific Partners by 3.7% in the third quarter. FMR LLC now owns 6,359,772 shares of the company’s stock valued at $397,359,000 after buying an additional 225,744 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Coca-Cola Europacific Partners by 1.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,525,434 shares of the company’s stock worth $157,789,000 after purchasing an additional 47,501 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Coca-Cola Europacific Partners by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 2,221,296 shares of the company’s stock worth $138,787,000 after purchasing an additional 168,420 shares in the last quarter. Northern Trust Corp increased its position in shares of Coca-Cola Europacific Partners by 24.6% during the third quarter. Northern Trust Corp now owns 1,413,900 shares of the company’s stock worth $88,340,000 after purchasing an additional 279,218 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Coca-Cola Europacific Partners by 4.2% during the third quarter. Ameriprise Financial Inc. now owns 1,383,485 shares of the company’s stock worth $86,060,000 after purchasing an additional 55,808 shares in the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Trading Up 0.3 %

Shares of CCEP traded up $0.19 during midday trading on Friday, reaching $73.83. The stock had a trading volume of 1,162,755 shares, compared to its average volume of 1,351,441. Coca-Cola Europacific Partners PLC has a 1-year low of $56.28 and a 1-year high of $74.11. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.72. The company’s fifty day simple moving average is $70.18 and its two-hundred day simple moving average is $66.54.

Coca-Cola Europacific Partners (NASDAQ:CCEPGet Free Report) last posted its earnings results on Friday, February 23rd. The company reported $1.85 earnings per share for the quarter, hitting the consensus estimate of $1.85. As a group, research analysts anticipate that Coca-Cola Europacific Partners PLC will post 4.15 EPS for the current year.

Coca-Cola Europacific Partners Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Friday, May 10th will be issued a $0.79 dividend. This represents a dividend yield of 5.6%. The ex-dividend date is Thursday, May 9th.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CCEP. Argus boosted their price objective on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. StockNews.com raised Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. BNP Paribas raised Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price objective on the stock in a research note on Friday, January 12th. UBS Group boosted their price objective on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Finally, Barclays boosted their price objective on Coca-Cola Europacific Partners from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $75.78.

View Our Latest Research Report on CCEP

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

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

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