Greenleaf Trust Makes New Investment in Coca-Cola Europacific Partners (NASDAQ:CCEP)

Greenleaf Trust purchased a new stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,757 shares of the company's stock, valued at approximately $240,000.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Coca-Cola Europacific Partners in the fourth quarter worth about $190,999,000. Invesco Ltd. lifted its stake in Coca-Cola Europacific Partners by 26.3% in the 4th quarter. Invesco Ltd. now owns 10,119,928 shares of the company's stock worth $777,312,000 after purchasing an additional 2,105,019 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in Coca-Cola Europacific Partners by 253.8% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,948,024 shares of the company's stock worth $169,537,000 after purchasing an additional 1,397,394 shares in the last quarter. Barclays PLC grew its stake in shares of Coca-Cola Europacific Partners by 236.4% in the 4th quarter. Barclays PLC now owns 1,804,855 shares of the company's stock valued at $138,631,000 after buying an additional 1,268,401 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Coca-Cola Europacific Partners by 43.3% in the 4th quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company's stock valued at $221,835,000 after buying an additional 872,060 shares during the period. 31.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CCEP shares. UBS Group increased their price objective on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. 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. Finally, Barclays reiterated an "overweight" rating and set a $104.00 price target (up from $101.00) on shares of Coca-Cola Europacific Partners in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $90.57.

Coca-Cola Europacific Partners Trading Up 1.6%

CCEP stock traded up $1.50 on Wednesday, hitting $95.05. 606,664 shares of the company were exchanged, compared to its average volume of 1,825,374. Coca-Cola Europacific Partners has a twelve month low of $71.49 and a twelve month high of $97.23. The stock has a market capitalization of $43.81 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 4.83 and a beta of 0.77. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.62. The business's fifty day moving average is $91.80 and its two-hundred day moving average is $86.14.

Coca-Cola Europacific Partners Cuts Dividend

The company also recently announced 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's payout ratio is 16.26%.

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.