Boston Partners Has $567.38 Million Stock Holdings in Coca-Cola Europacific Partners $CCEP

Boston Partners decreased its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 10.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,109,899 shares of the company’s stock after selling 746,748 shares during the period. Boston Partners owned about 1.33% of Coca-Cola Europacific Partners worth $567,377,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new stake in shares of Coca-Cola Europacific Partners during the first quarter valued at about $215,000. Kestra Private Wealth Services LLC bought a new stake in Coca-Cola Europacific Partners in the first quarter valued at $229,000. Avantax Advisory Services Inc. acquired a new stake in Coca-Cola Europacific Partners in the first quarter valued at approximately $265,000. Cetera Investment Advisers boosted its stake in Coca-Cola Europacific Partners by 13.0% during the 1st quarter. Cetera Investment Advisers now owns 35,403 shares of the company’s stock valued at $3,081,000 after purchasing an additional 4,064 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in Coca-Cola Europacific Partners by 107.3% during the 1st quarter. Assetmark Inc. now owns 284 shares of the company’s stock valued at $25,000 after acquiring an additional 147 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Up 1.6%

Shares of Coca-Cola Europacific Partners stock opened at $91.26 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83. Coca-Cola Europacific Partners has a 52-week low of $73.40 and a 52-week high of $100.67. The company’s 50 day moving average price is $89.73 and its 200-day moving average price is $91.45. The stock has a market capitalization of $42.07 billion, a price-to-earnings ratio of 17.34, a P/E/G ratio of 2.54 and a beta of 0.74.

Coca-Cola Europacific Partners Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Friday, November 14th will be given a $1.25 dividend. The ex-dividend date is Friday, November 14th. This represents a dividend yield of 277.0%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CCEP shares. Barclays decreased their price target on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Morgan Stanley lowered Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $92.40.

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.