Charles Schwab Cuts Coca-Cola Europacific Partners Holdings, Sells 23,928 Shares

According to the most recent report that Charles Schwab Investment Management Inc. made with the Securities and Exchange Commission (SEC), the company significantly reduced the amount of shares of Coca-Cola Europacific Partners PLC that it had during the fourth quarter.

Following the sale of 23,928 company stock shares over the period, the fund was left with 255,143 shares. At the time of its most recent filing with the Securities and Exchange Commission (SEC), Charles Schwab Investment Management Inc. owned around 0.06% of Coca-Cola Europacific Partners for $17,028,000, as per Defense World.

Several other institutional investors and hedge funds have also altered their company positions lately. These adjustments were made in recent times. During the third quarter, Yousif Capital Management LLC acquired a new interest in Coca-Cola Europacific Partners valued at $571,000. During the third quarter, M&T Bank Corporation significantly increased its holdings of Coca-Cola Europacific Partners by 3.9%.

Following the acquisition of an additional 393 shares during the period, M&T Bank Corporation currently possesses 10,469 shares of the company's stock, which amounts to a total value of $654,000. In the third quarter, Principal Financial Group Inc. increased its holdings of Coca-Cola Europacific Partners by 8.6%, thereby increasing its position in the company's stock. Because Principal Financial Group Inc. purchased an additional 2,253 shares during the period, the firm now possesses 28,312 shares of the company's stock, which are valued at $1,769,000.

In the third quarter, Nomura Asset Management Co. Ltd. increased its holdings of Coca-Cola Europacific Partners by 0.6%, thereby increasing its position in the company's shares. Following the acquisition of an additional 348 shares during the applicable time period, Nomura Asset Management Co. Ltd. currently possesses 54,776 shares of the company's stock, valued at $3,422,000.

Finally, during the third quarter, Signaturefd LLC increased its holdings of Coca-Cola Europacific Partners by 14.5%, bringing its total holdings to 7,106 shares. Since Signaturefd LLC purchased an additional 898 shares during the quarter, the company now possesses 7,106 shares of the company's stock, which are valued at $444,000 in total. A total of 31.35 percent of the company's stock is owned by institutional investors.

Various Upgrades and Downgrades for Analysts

The shares of CCEP have recently been the subject of commentary from several equity research analysts. In a research report released on Thursday, March 28th, Deutsche Bank Aktiengesellschaft increased their target price for shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and assigned the stock a "buy" rating. In a research report published on Sunday, May 19, StockNews.com changed its rating for Coca-Cola Europacific Partners shares from "buy" to "hold." In a research report released on Tuesday, May 14, Barclays increased their price objective for shares of Coca-Cola Europacific Partners from $78.00 to $84.00 and assigned the company an "overweight" rating.

In a research report released on Tuesday, March 19th, Argus increased its price objective for shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and assigned the company a "buy" rating. Finally, in a research report released on Monday, February 26th, UBS Group increased its price objective for shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and indicated that it would recommend purchasing the company's stock.

One research analyst has assigned a hold recommendation to the stock, and eight analysts have assigned a buy rating to the company's stock. According to information obtained from MarketBeat.com, Coca-Cola Europacific Partners receives an average rating of "Moderate Buy" at the present time, and the company's consensus target price is $76.44.

The value of Coca-Cola Europe Partners' stock increased by 0.2%

On Monday's first day of trading, the stock of Coca-Cola Europacific Partners started at $73.08. A quick ratio of 0.72, a current ratio of 0.91, and a debt-to-equity ratio of 1.27 are all values that the corporation possesses. Over the course of the past 52 weeks, Coca-Cola Europacific Partners PLC has experienced a low of $56.28 and a high of $75.43. The company's simple moving average over the past seventy-five days is $70.94, and its simple moving average over the past two hundred days is $67.78.

Coca-Cola Europacific Partners made the most recent announcement on its quarterly earnings results on Friday, February 23. The company's earnings per share for the quarter came in at $1.85, which was in line with the consensus estimate of $1.85 from experts. Analysts who specialize in equity research anticipate that Coca-Cola Europacific Partners PLC will report earnings per share (EPS) of 4.15 for the current year.

Dividends are being reduced by Coca-Cola Europacific Partners

In addition, the company recently announced that it will be paying a semi-annual dividend, distributed on Thursday, May 23rd. On Friday, May 10th, a dividend payment of $0.79 was made to stockholders who were of record on it. On Thursday, May 9th, the ex-dividend date was on the agenda. Taking this into consideration, the dividend yield is 5.6%.

Coca-Cola Europacific Partners PLC, in conjunction with its subsidiaries, is responsible for the production, distribution, and sale of a variety of ready-to-drink beverages that do not contain alcohol. Additionally, it provides ready-to-drink tea and coffee, juices, and other beverages, flavors, mixers, and energy drinks; soft drinks, waters, improved water, isotonic drinks, and various other beverages. The value of Coca-Cola Europe Partners' stock increased by 0.2%.

On Monday's first day of trading, the stock of Coca-Cola Europacific Partners started at $73.08. A quick ratio of 0.72, a current ratio of 0.91, and a debt-to-equity ratio of 1.27 are all values that the corporation possesses. Over the course of the past 52 weeks, Coca-Cola Europacific Partners PLC has experienced a low of $56.28 and a high of $75.43. The company's simple moving average over the past seventy-five days is $70.94, and its simple moving average over the past two hundred days is $67.78.

Coca-Cola Europacific Partners made the most recent announcement on its quarterly earnings results on Friday, February 23. The company's earnings per share for the quarter came in at $1.85, which was in line with the consensus estimate of $1.85 from experts. Analysts who specialize in equity research anticipate that Coca-Cola Europacific Partners PLC will report an earnings per share (EPS) of 4.15 for the current fiscal year. Coca-Cola Europacific Partners has reduced its dividend.

In addition, the company recently announced that it will be paying a semi-annual dividend, which will be distributed on Thursday, May 23. On Friday, May 10, a dividend payment of $0.79 was made to stockholders who were of record on it. On Thursday, May 9, the ex-dividend date was on the agenda. Taking this into consideration, the dividend yield is 5.6%.

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