Hsbc Holdings PLC Buys 13,100 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Hsbc Holdings PLC raised its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEPFree Report) by 28.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 59,618 shares of the company’s stock after purchasing an additional 13,100 shares during the period. Hsbc Holdings PLC’s holdings in Coca-Cola Europacific Partners were worth $3,973,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Intech Investment Management LLC boosted its stake in shares of Coca-Cola Europacific Partners by 444.8% in the fourth quarter. Intech Investment Management LLC now owns 42,611 shares of the company’s stock worth $2,844,000 after acquiring an additional 34,789 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in shares of Coca-Cola Europacific Partners by 44.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 79,167 shares of the company’s stock worth $5,284,000 after acquiring an additional 24,391 shares during the period. US Bancorp DE boosted its stake in shares of Coca-Cola Europacific Partners by 282.4% in the fourth quarter. US Bancorp DE now owns 99,125 shares of the company’s stock worth $6,616,000 after acquiring an additional 73,205 shares during the period. Franklin Resources Inc. boosted its stake in shares of Coca-Cola Europacific Partners by 151.7% in the fourth quarter. Franklin Resources Inc. now owns 107,477 shares of the company’s stock worth $7,173,000 after acquiring an additional 64,784 shares during the period. Finally, Assetmark Inc. bought a new position in shares of Coca-Cola Europacific Partners in the fourth quarter worth about $64,000. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Down 0.1 %

Shares of CCEP stock opened at $73.83 on Thursday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.72 and a current ratio of 0.91. The stock’s 50 day simple moving average is $71.19 and its two-hundred day simple moving average is $68.42. Coca-Cola Europacific Partners PLC has a 1 year low of $56.28 and a 1 year high of $75.43.

Coca-Cola Europacific Partners Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft increased their price target on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Argus increased their price target on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Barclays increased their price target on Coca-Cola Europacific Partners from $78.00 to $84.00 and gave the company an “overweight” rating in a research note on Tuesday, May 14th. StockNews.com lowered Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research note on Sunday, May 19th. Finally, UBS Group increased their price target on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, February 26th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $76.44.

View Our Latest Research Report on Coca-Cola Europacific Partners

Coca-Cola Europacific Partners 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.

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

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