MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $5.76 Million Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 55.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 81,366 shares of the company’s stock after purchasing an additional 28,908 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Coca-Cola Europacific Partners were worth $5,756,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC bought a new position in shares of Coca-Cola Europacific Partners in the fourth quarter worth about $28,000. Voisard Asset Management Group Inc. acquired a new position in Coca-Cola Europacific Partners during the 4th quarter worth $33,000. Benjamin F. Edwards & Company Inc. boosted its position in Coca-Cola Europacific Partners by 220.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the company’s stock valued at $34,000 after buying an additional 352 shares during the last quarter. Global Retirement Partners LLC increased its stake in shares of Coca-Cola Europacific Partners by 24.1% in the 4th quarter. Global Retirement Partners LLC now owns 799 shares of the company’s stock valued at $54,000 after buying an additional 155 shares during the period. Finally, China Universal Asset Management Co. Ltd. bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth $61,000. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Stock Down 0.4 %

Coca-Cola Europacific Partners stock traded down $0.29 during mid-day trading on Tuesday, hitting $72.74. 1,874,216 shares of the company’s stock were exchanged, compared to its average volume of 1,432,712. The company’s 50 day simple moving average is $73.31 and its 200-day simple moving average is $69.99. 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 fifty-two week low of $56.28 and a fifty-two week high of $76.44.

Coca-Cola Europacific Partners Cuts Dividend

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. StockNews.com cut Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a report on Sunday, May 19th. Barclays boosted their price target on shares of Coca-Cola Europacific Partners from $78.00 to $84.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 14th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of 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. Finally, Argus upped their target price on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.44.

Coca-Cola Europacific Partners Company 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.