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

Cyndeo Wealth Partners LLC lifted its position in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 13.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 138,629 shares of the company's stock after acquiring an additional 16,923 shares during the quarter. Cyndeo Wealth Partners LLC's holdings in Coca-Cola Europacific Partners were worth $12,065,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CCEP. SBI Securities Co. Ltd. purchased a new stake in Coca-Cola Europacific Partners in the fourth quarter worth about $27,000. NBC Securities Inc. bought a new position in shares of Coca-Cola Europacific Partners during the first quarter valued at approximately $28,000. Optiver Holding B.V. bought a new position in Coca-Cola Europacific Partners in the fourth quarter worth approximately $29,000. Summit Securities Group LLC bought a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter valued at about $34,000. Finally, Whipplewood Advisors LLC purchased a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth approximately $52,000. 31.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CCEP has been the subject of a number of recent analyst reports. Barclays raised their price objective on 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. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. Finally, UBS Group increased their price objective on shares of Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $88.50.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ CCEP traded up $0.51 during midday trading on Thursday, hitting $92.71. The stock had a trading volume of 1,249,148 shares, compared to its average volume of 1,785,973. The company has a quick ratio of 0.62, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners has a 1 year low of $71.49 and a 1 year high of $94.74. The company has a market capitalization of $42.73 billion, a PE ratio of 19.08, a P/E/G ratio of 4.97 and a beta of 0.78. The stock has a 50 day simple moving average of $89.78 and a 200-day simple moving average of $83.87.

Coca-Cola Europacific Partners Cuts Dividend

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

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.