New York State Common Retirement Fund Has $1.88 Million Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

New York State Common Retirement Fund reduced its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 78.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,228 shares of the company’s stock after selling 103,741 shares during the quarter. New York State Common Retirement Fund’s holdings in Coca-Cola Europacific Partners were worth $1,884,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Coca-Cola Europacific Partners by 3.7% in the 3rd quarter. FMR LLC now owns 6,359,772 shares of the company’s stock valued at $397,359,000 after purchasing an additional 225,744 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Coca-Cola Europacific Partners by 1.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,525,434 shares of the company’s stock valued at $157,789,000 after buying an additional 47,501 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Coca-Cola Europacific Partners by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,221,296 shares of the company’s stock worth $138,787,000 after acquiring an additional 168,420 shares during the period. Northern Trust Corp increased its holdings in shares of Coca-Cola Europacific Partners by 24.6% during the 3rd quarter. Northern Trust Corp now owns 1,413,900 shares of the company’s stock worth $88,340,000 after acquiring an additional 279,218 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Coca-Cola Europacific Partners by 4.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,383,485 shares of the company’s stock valued at $86,060,000 after acquiring an additional 55,808 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

Coca-Cola Europacific Partners stock opened at $73.52 on Thursday. The stock’s fifty day moving average price is $70.00 and its two-hundred day moving average price is $66.44. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.72 and a current ratio of 0.91. Coca-Cola Europacific Partners PLC has a one year low of $56.28 and a one year high of $73.64.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last posted its quarterly earnings results on Friday, February 23rd. The company reported $1.85 EPS for the quarter, meeting analysts’ consensus estimates of $1.85. Analysts anticipate that Coca-Cola Europacific Partners PLC will post 4.15 EPS for the current year.

Coca-Cola Europacific Partners Cuts Dividend

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

Analysts Set New Price Targets

Several equities analysts have commented on CCEP shares. StockNews.com upgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a report on Monday, February 26th. BNP Paribas raised shares of Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price target on the stock in a report on Friday, January 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on 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 increased their target price on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Finally, Barclays boosted their price target on Coca-Cola Europacific Partners from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, Coca-Cola Europacific Partners currently has an average rating of “Buy” and an average price target of $75.78.

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.