JPMorgan Chase & Co. Sells 763,549 Shares of Coca-Cola Europacific Partners $CCEP

JPMorgan Chase & Co. cut its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 25.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,266,570 shares of the company's stock after selling 763,549 shares during the quarter. JPMorgan Chase & Co. owned 0.49% of Coca-Cola Europacific Partners worth $210,156,000 as of its most recent SEC filing.

• Coca-Cola EuroPacific Partners is a tasty play on Coke

Several other large investors also recently modified their holdings of CCEP. Private Advisor Group LLC acquired a new stake in Coca-Cola Europacific Partners in the first quarter valued at approximately $215,000. Kestra Private Wealth Services LLC bought a new position in shares of Coca-Cola Europacific Partners in the 1st quarter worth $229,000. Avantax Advisory Services Inc. acquired a new stake in Coca-Cola Europacific Partners in the 1st quarter valued at $265,000. Cetera Investment Advisers grew its position in Coca-Cola Europacific Partners by 13.0% in 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 period. Finally, Assetmark Inc. increased 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 purchasing 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 Trading Up 1.6%

Shares of CCEP opened at $91.26 on Wednesday. Coca-Cola Europacific Partners has a fifty-two week low of $73.40 and a fifty-two week high of $100.67. The business has a 50-day moving average of $89.73 and a 200 day moving average of $91.45. The firm has a market cap of $42.07 billion, a P/E ratio of 17.34, a price-to-earnings-growth ratio of 2.54 and a beta of 0.74. 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 Announces Dividend

• The ‘Other’ Coke Stock Quietly Hits a Record High

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

Wall Street Analysts Forecast Growth

CCEP has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Barclays cut their price target on 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. Weiss Ratings reissued a "buy (b)" rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, October 30th. Finally, Morgan Stanley lowered Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a report on Thursday, August 7th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $92.40.

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View Our Latest Analysis on Coca-Cola Europacific Partners

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.

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