Coca-Cola Europacific Partners PLC (NYSE:CCEP) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its stake in shares of Coca-Cola Europacific Partners PLC (NYSE:CCEPGet Rating) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 429,061 shares of the company’s stock after selling 20,936 shares during the quarter. California Public Employees Retirement System’s holdings in Coca-Cola Europacific Partners were worth $23,997,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Coca-Cola Europacific Partners by 1.4% during the 3rd quarter. BlackRock Inc. now owns 11,986,513 shares of the company’s stock worth $662,735,000 after acquiring an additional 160,560 shares in the last quarter. Boston Partners boosted its position in shares of Coca-Cola Europacific Partners by 2.5% in the 4th quarter. Boston Partners now owns 11,625,590 shares of the company’s stock valued at $650,413,000 after purchasing an additional 283,315 shares during the period. Ceredex Value Advisors LLC boosted its position in shares of Coca-Cola Europacific Partners by 123.9% in the 4th quarter. Ceredex Value Advisors LLC now owns 3,636,775 shares of the company’s stock valued at $203,405,000 after purchasing an additional 2,012,314 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Coca-Cola Europacific Partners by 1.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,412,535 shares of the company’s stock valued at $133,389,000 after purchasing an additional 28,527 shares during the period. Finally, Candlestick Capital Management LP boosted its position in shares of Coca-Cola Europacific Partners by 22.0% in the 3rd quarter. Candlestick Capital Management LP now owns 2,305,000 shares of the company’s stock valued at $127,443,000 after purchasing an additional 415,000 shares during the period.

A number of brokerages recently issued reports on CCEP. StockNews.com began coverage on Coca-Cola Europacific Partners in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Bank of America decreased their target price on Coca-Cola Europacific Partners from $68.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, March 9th. Oddo Bhf raised Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $60.85 target price for the company in a research report on Thursday, March 17th. Barclays upped their price objective on Coca-Cola Europacific Partners to €67.00 ($70.53) in a research note on Friday, April 29th. Finally, Credit Suisse Group upped their price objective on Coca-Cola Europacific Partners to €59.00 ($62.11) in a research note on Thursday, April 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $64.63.

Shares of CCEP stock opened at $52.25 on Friday. The stock has a 50 day simple moving average of $49.12 and a 200-day simple moving average of $52.86. Coca-Cola Europacific Partners PLC has a 12-month low of $42.33 and a 12-month high of $63.04. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.95 and a quick ratio of 0.76.

The firm also recently announced a dividend, which will be paid on Thursday, May 26th. Stockholders of record on Friday, May 13th will be paid a dividend of $0.59 per share. This represents a dividend yield of 1.21%. This is an increase from Coca-Cola Europacific Partners’s previous dividend of $0.32. The ex-dividend date of this dividend is Thursday, May 12th.

Coca-Cola Europacific Partners Profile (Get Rating)

Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. The company 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.

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

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