Parr Mcknight Wealth Management Group LLC Sells 13,015 Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP)

Parr Mcknight Wealth Management Group LLC cut its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 30.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,762 shares of the company's stock after selling 13,015 shares during the quarter. Parr Mcknight Wealth Management Group LLC's holdings in Coca-Cola Europacific Partners were worth $2,590,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CCEP. Invesco Ltd. increased its position in Coca-Cola Europacific Partners by 26.3% during the fourth quarter. Invesco Ltd. now owns 10,119,928 shares of the company's stock worth $777,312,000 after acquiring an additional 2,105,019 shares during the period. FMR LLC increased its position in Coca-Cola Europacific Partners by 3.3% during the fourth quarter. FMR LLC now owns 7,234,642 shares of the company's stock worth $555,693,000 after acquiring an additional 229,679 shares during the period. JPMorgan Chase & Co. increased its holdings in 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. Norges Bank acquired a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at approximately $190,999,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Coca-Cola Europacific Partners by 1.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,476,806 shares of the company's stock valued at $190,243,000 after buying an additional 38,911 shares in the last quarter. 31.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CCEP has been the subject of several analyst reports. 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 lifted their price target 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. Finally, UBS Group lifted 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 report on Wednesday, July 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $89.13.

Coca-Cola Europacific Partners Stock Down 0.1%

Coca-Cola Europacific Partners stock opened at $95.86 on Thursday. 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's fifty day moving average is $91.40 and its 200 day moving average is $85.55. Coca-Cola Europacific Partners has a 12-month low of $71.49 and a 12-month high of $97.23. The company has a market capitalization of $44.19 billion, a PE ratio of 19.72, a PEG ratio of 4.97 and a beta of 0.77.

Coca-Cola Europacific Partners Cuts Dividend

The company 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 of this dividend was Friday, May 16th. This represents a dividend yield of 2.4%. Coca-Cola Europacific Partners's payout ratio is 16.26%.

Coca-Cola Europacific Partners Company 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.

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