Concurrent Investment Advisors LLC Takes Position in Coca-Cola Europacific Partners (NASDAQ:CCEP)

Concurrent Investment Advisors LLC bought a new stake in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,846 shares of the company's stock, valued at approximately $335,000.

A number of other institutional investors have also added to or reduced their stakes in CCEP. NBC Securities Inc. acquired a new position in Coca-Cola Europacific Partners during the 1st quarter worth approximately $28,000. Optiver Holding B.V. acquired a new position in Coca-Cola Europacific Partners during the 4th quarter worth approximately $29,000. HM Payson & Co. acquired a new position in Coca-Cola Europacific Partners during the 1st quarter worth approximately $33,000. Summit Securities Group LLC acquired a new position in Coca-Cola Europacific Partners during the 4th quarter worth approximately $34,000. Finally, Versant Capital Management Inc increased its position in Coca-Cola Europacific Partners by 395.3% during the 1st quarter. Versant Capital Management Inc now owns 1,486 shares of the company's stock worth $129,000 after purchasing an additional 1,186 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Trading Up 0.1%

Shares of NASDAQ CCEP opened at $95.52 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.62 and a current ratio of 0.81. Coca-Cola Europacific Partners has a 52-week low of $71.49 and a 52-week high of $97.23. The firm has a 50 day moving average price of $91.63 and a two-hundred day moving average price of $85.82. The stock has a market cap of $44.03 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 4.82 and a beta of 0.77.

Coca-Cola Europacific Partners Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were paid a $0.8993 dividend. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, May 16th.

Analysts Set New Price Targets

A number of research firms recently issued reports on CCEP. Wall Street Zen cut shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Barclays upped their price objective on shares of Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, UBS Group upped their price target on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of "Moderate Buy" and an average price target of $90.14.

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.

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