Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Bought by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC increased its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 13.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,629 shares of the company's stock after purchasing an additional 16,923 shares during the period. Cyndeo Wealth Partners LLC's holdings in Coca-Cola Europacific Partners were worth $12,065,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CCEP. Norges Bank purchased a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter valued at about $190,999,000. Invesco Ltd. lifted its stake in Coca-Cola Europacific Partners by 26.3% in the fourth quarter. Invesco Ltd. now owns 10,119,928 shares of the company's stock valued at $777,312,000 after buying an additional 2,105,019 shares during the last quarter. Barclays PLC boosted its holdings in shares of Coca-Cola Europacific Partners by 236.4% in the fourth quarter. Barclays PLC now owns 1,804,855 shares of the company's stock valued at $138,631,000 after acquiring an additional 1,268,401 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Coca-Cola Europacific Partners by 43.3% in the fourth quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company's stock valued at $221,835,000 after acquiring an additional 872,060 shares during the period. Finally, Jane Street Group LLC grew its position in shares of Coca-Cola Europacific Partners by 842.4% during the fourth quarter. Jane Street Group LLC now owns 714,988 shares of the company's stock worth $54,918,000 after acquiring an additional 639,119 shares during the last quarter. Hedge funds and other institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Stock Down 0.1%

CCEP traded down $0.06 during trading hours on Monday, reaching $92.79. 1,827,896 shares of the stock traded hands, compared to its average volume of 1,785,441. Coca-Cola Europacific Partners PLC has a fifty-two week low of $71.49 and a fifty-two week high of $99.76. The company has a market cap of $42.77 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 4.89 and a beta of 0.78. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. The firm's fifty day simple moving average is $89.27 and its two-hundred day simple moving average is $83.64.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were paid a $0.8993 dividend. The ex-dividend date was Friday, May 16th. This represents a dividend yield of 2.4%. Coca-Cola Europacific Partners's dividend payout ratio (DPR) is presently 16.26%.

Analysts Set New Price Targets

Several analysts have commented on the company. UBS Group upped their price objective on Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Barclays boosted their target price on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Evercore ISI increased their price target on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Finally, Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $88.50.

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.