MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Raises Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 55.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,366 shares of the company’s stock after purchasing an additional 28,908 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Coca-Cola Europacific Partners were worth $5,756,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Norges Bank bought a new position in Coca-Cola Europacific Partners in the 4th quarter worth about $68,360,000. Point72 Asset Management L.P. grew its holdings in Coca-Cola Europacific Partners by 89.3% in the 4th quarter. Point72 Asset Management L.P. now owns 2,156,056 shares of the company’s stock worth $143,895,000 after acquiring an additional 1,017,278 shares during the last quarter. Public Sector Pension Investment Board raised its position in Coca-Cola Europacific Partners by 800.5% during the 4th quarter. Public Sector Pension Investment Board now owns 663,146 shares of the company’s stock valued at $44,258,000 after purchasing an additional 589,500 shares during the last quarter. First Trust Advisors LP lifted its holdings in Coca-Cola Europacific Partners by 1,735.9% in the 4th quarter. First Trust Advisors LP now owns 456,425 shares of the company’s stock worth $30,462,000 after buying an additional 431,564 shares during the period. Finally, UBS Group AG increased its stake in shares of Coca-Cola Europacific Partners by 64.5% during the fourth quarter. UBS Group AG now owns 979,045 shares of the company’s stock valued at $65,341,000 after buying an additional 384,000 shares during the period. 31.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Barclays boosted their price objective on shares of 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 lifted their price objective 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. Argus increased their target price 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. Finally, StockNews.com lowered Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Sunday, May 19th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $76.44.

Coca-Cola Europacific Partners Trading Down 0.4 %

Shares of NASDAQ CCEP traded down $0.29 during trading on Tuesday, reaching $72.74. The company had a trading volume of 1,874,216 shares, compared to its average volume of 1,432,712. Coca-Cola Europacific Partners PLC has a 12-month low of $56.28 and a 12-month high of $76.44. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27. The business’s 50-day moving average is $73.31 and its 200 day moving average is $69.99.

Coca-Cola Europacific Partners Cuts Dividend

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

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.