Rhumbline Advisers Sells 163 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Rhumbline Advisers reduced its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 0.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,517 shares of the company’s stock after selling 163 shares during the period. Rhumbline Advisers’ holdings in Coca-Cola Europacific Partners were worth $7,181,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in Coca-Cola Europacific Partners during the 4th quarter valued at $27,000. Optiver Holding B.V. bought a new position in Coca-Cola Europacific Partners during the 4th quarter valued at $29,000. Summit Securities Group LLC bought a new position in Coca-Cola Europacific Partners during the 4th quarter valued at $34,000. Whipplewood Advisors LLC bought a new position in Coca-Cola Europacific Partners during the 4th quarter valued at $52,000. Finally, Versant Capital Management Inc lifted its stake in Coca-Cola Europacific Partners by 395.3% during the 1st quarter. Versant Capital Management Inc now owns 1,486 shares of the company’s stock valued at $129,000 after acquiring an additional 1,186 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Evercore ISI raised their price objective on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Barclays raised their price objective on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. UBS Group raised their target price on Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Finally, Kepler Capital Markets lowered Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and a consensus price target of $88.50.

Coca-Cola Europacific Partners Trading Down 0.0%

Shares of Coca-Cola Europacific Partners stock opened at $92.86 on Thursday. Coca-Cola Europacific Partners PLC has a 1 year low of $71.49 and a 1 year high of $93.49. The firm has a market cap of $42.80 billion, a PE ratio of 19.11, a P/E/G ratio of 4.89 and a beta of 0.78. The stock has a fifty day moving average price of $88.84 and a 200-day moving average price of $83.35. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63.

Coca-Cola Europacific Partners Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were issued a $0.8993 dividend. This represents a yield of 2.4%. The ex-dividend date of this dividend was Friday, May 16th. Coca-Cola Europacific Partners’s dividend payout ratio (DPR) is currently 16.26%.

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.