Diversified Trust Co grew its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 107.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,163 shares of the company's stock after buying an additional 27,547 shares during the period. Diversified Trust Co's holdings in Coca-Cola Europacific Partners were worth $4,627,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. raised its stake in Coca-Cola Europacific Partners by 3.1% in the 1st quarter. Bessemer Group Inc. now owns 20,141 shares of the company's stock valued at $1,753,000 after acquiring an additional 605 shares during the period. Wealthquest Corp purchased a new position in shares of Coca-Cola Europacific Partners in the first quarter worth about $435,000. Moran Wealth Management LLC raised its position in shares of Coca-Cola Europacific Partners by 5.1% in the first quarter. Moran Wealth Management LLC now owns 48,452 shares of the company's stock valued at $4,217,000 after purchasing an additional 2,330 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of Coca-Cola Europacific Partners by 5.1% during the 1st quarter. Asset Management One Co. Ltd. now owns 77,958 shares of the company's stock valued at $6,785,000 after buying an additional 3,786 shares in the last quarter. Finally, Genesee Capital Advisors LLC boosted its holdings in Coca-Cola Europacific Partners by 9.3% in the 1st quarter. Genesee Capital Advisors LLC now owns 10,934 shares of the company's stock worth $952,000 after buying an additional 931 shares during the period. Institutional investors own 31.35% of the company's stock.
Coca-Cola Europacific Partners Price Performance
NASDAQ:CCEP traded up $1.37 during trading hours on Monday, hitting $92.47. 767,703 shares of the company's stock traded hands, compared to its average volume of 1,795,847. Coca-Cola Europacific Partners has a 52 week low of $71.49 and a 52 week high of $94.74. The business's fifty day simple moving average is $90.39 and its two-hundred day simple moving average is $84.63. The company has a quick ratio of 0.62, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The firm has a market cap of $42.62 billion, a P/E ratio of 19.03, a P/E/G ratio of 4.91 and a beta of 0.78.
Coca-Cola Europacific Partners Cuts Dividend
The firm also recently declared a semi-annual dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were given a dividend of $0.8993 per share. The ex-dividend date was Friday, May 16th. This represents a dividend yield of 2.4%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on CCEP shares. Barclays boosted their target price on shares of Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. UBS Group boosted 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. Finally, Wall Street Zen upgraded Coca-Cola Europacific Partners from a "hold" rating to a "buy" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Coca-Cola Europacific Partners presently has an average rating of "Moderate Buy" and a consensus price target of $88.50.
View Our Latest Analysis on Coca-Cola Europacific Partners
About Coca-Cola Europacific Partners
(
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.
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