ProShare Advisors LLC Has $40.12 Million Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

ProShare Advisors LLC raised its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 21.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 522,267 shares of the company’s stock after purchasing an additional 91,633 shares during the quarter. ProShare Advisors LLC owned approximately 0.11% of Coca-Cola Europacific Partners worth $40,115,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Quantinno Capital Management LP lifted its stake in Coca-Cola Europacific Partners by 20.8% during the 4th quarter. Quantinno Capital Management LP now owns 35,737 shares of the company’s stock valued at $2,745,000 after acquiring an additional 6,160 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in Coca-Cola Europacific Partners by 8.7% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 71,730 shares of the company’s stock valued at $5,486,000 after acquiring an additional 5,723 shares in the last quarter. Occudo Quantitative Strategies LP bought a new position in Coca-Cola Europacific Partners during the 4th quarter valued at $306,000. Investment Management Corp of Ontario lifted its stake in Coca-Cola Europacific Partners by 4.2% during the 4th quarter. Investment Management Corp of Ontario now owns 14,237 shares of the company’s stock valued at $1,094,000 after acquiring an additional 577 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in Coca-Cola Europacific Partners during the 4th quarter valued at $4,857,000. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Up 1.4%

Shares of CCEP opened at $87.81 on Friday. The business has a 50-day moving average of $86.84 and a 200 day moving average of $81.57. Coca-Cola Europacific Partners PLC has a fifty-two week low of $70.82 and a fifty-two week high of $91.37. The firm has a market cap of $40.48 billion, a P/E ratio of 18.07, a price-to-earnings-growth ratio of 4.89 and a beta of 0.77. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.8993 per share. This represents a yield of 2.4%. The ex-dividend date of this dividend is Friday, May 16th. Coca-Cola Europacific Partners’s payout ratio is presently 16.26%.

Analysts Set New Price Targets

A number of research firms have recently commented on CCEP. Evercore ISI lifted their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Barclays lifted their target price on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Kepler Capital Markets cut Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Finally, UBS Group lifted their target price on Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and an average price target of $88.50.

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.