New York State Common Retirement Fund Sells 103,741 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

New York State Common Retirement Fund lessened its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 78.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 28,228 shares of the company’s stock after selling 103,741 shares during the period. New York State Common Retirement Fund’s holdings in Coca-Cola Europacific Partners were worth $1,884,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of CCEP. AustralianSuper Pty Ltd bought a new position in Coca-Cola Europacific Partners in the 4th quarter worth approximately $1,467,000. Pacer Advisors Inc. raised its stake in shares of Coca-Cola Europacific Partners by 1,120.3% during the 4th quarter. Pacer Advisors Inc. now owns 23,332 shares of the company’s stock valued at $1,557,000 after purchasing an additional 21,420 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in Coca-Cola Europacific Partners during the 3rd quarter worth about $685,000. International Assets Investment Management LLC bought a new position in Coca-Cola Europacific Partners in the 4th quarter worth about $5,876,000. Finally, Korea Investment CORP grew its holdings in Coca-Cola Europacific Partners by 4.1% during the 3rd quarter. Korea Investment CORP now owns 252,644 shares of the company’s stock valued at $15,843,000 after buying an additional 9,893 shares in the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Up 0.3 %

NASDAQ CCEP opened at $73.52 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 1.27. Coca-Cola Europacific Partners PLC has a 52-week low of $56.28 and a 52-week high of $73.64. The company has a fifty day moving average of $70.00 and a 200-day moving average of $66.44.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last issued its earnings results on Friday, February 23rd. The company reported $1.85 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.85. On average, research analysts forecast that Coca-Cola Europacific Partners PLC will post 4.15 earnings per share for the current fiscal year.

Coca-Cola Europacific Partners Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CCEP shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Argus raised their price target on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. UBS Group boosted their price target on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, February 26th. BNP Paribas upgraded 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 report on Friday, January 12th. Finally, StockNews.com raised Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of “Buy” and an average target price of $75.78.

Coca-Cola Europacific Partners Profile

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.