Captrust Financial Advisors cut its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 18.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,737 shares of the company's stock after selling 4,580 shares during the quarter. Captrust Financial Advisors' holdings in Coca-Cola Europacific Partners were worth $1,516,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in Coca-Cola Europacific Partners in the fourth quarter worth about $27,000. Optiver Holding B.V. bought a new stake in Coca-Cola Europacific Partners in the fourth quarter worth about $29,000. MassMutual Private Wealth & Trust FSB raised its position in Coca-Cola Europacific Partners by 85.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock worth $33,000 after acquiring an additional 197 shares during the period. Summit Securities Group LLC bought a new stake in Coca-Cola Europacific Partners in the fourth quarter worth about $34,000. Finally, Whipplewood Advisors LLC bought a new stake in Coca-Cola Europacific Partners in the fourth quarter worth about $52,000. 31.35% of the stock is currently owned by hedge funds and other institutional investors.
Coca-Cola Europacific Partners Price Performance
Coca-Cola Europacific Partners stock traded up $0.49 during midday trading on Friday, reaching $88.30. 1,661,988 shares of the stock were exchanged, compared to its average volume of 1,737,336. The company's fifty day moving average is $86.94 and its 200-day moving average is $81.65. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. The firm has a market cap of $40.70 billion, a PE ratio of 18.17, a PEG ratio of 4.89 and a beta of 0.77. Coca-Cola Europacific Partners PLC has a 52 week low of $70.82 and a 52 week high of $91.37.
Coca-Cola Europacific Partners Cuts Dividend
The company also recently announced a semi-annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 16th will be issued a dividend of $0.8993 per share. This represents a yield of 2.4%. The ex-dividend date of this dividend is Friday, May 16th. Coca-Cola Europacific Partners's dividend payout ratio (DPR) is presently 16.26%.
Wall Street Analysts Forecast Growth
CCEP has been the topic of several research reports. Evercore ISI lifted their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. UBS Group lifted their price objective on shares of Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. Finally, Barclays boosted their price target on shares of Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.50.
Read Our Latest Research Report on Coca-Cola Europacific Partners
Coca-Cola Europacific Partners Company Profile
(
Free Report)
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.
Featured Stories
Before you consider Coca-Cola Europacific Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coca-Cola Europacific Partners wasn't on the list.
While Coca-Cola Europacific Partners currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
