Transform Wealth LLC Purchases 8,299 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Transform Wealth LLC raised its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 6.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 146,990 shares of the company's stock after purchasing an additional 8,299 shares during the period. Transform Wealth LLC's holdings in Coca-Cola Europacific Partners were worth $12,793,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CCEP. Cibc World Markets Corp lifted its stake in Coca-Cola Europacific Partners by 1.4% during the fourth quarter. Cibc World Markets Corp now owns 10,200 shares of the company's stock valued at $783,000 after purchasing an additional 139 shares during the last quarter. TIAA Trust National Association lifted its stake in Coca-Cola Europacific Partners by 4.4% during the fourth quarter. TIAA Trust National Association now owns 3,420 shares of the company's stock valued at $263,000 after purchasing an additional 145 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Coca-Cola Europacific Partners by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 53,142 shares of the company's stock valued at $4,087,000 after purchasing an additional 155 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its stake in Coca-Cola Europacific Partners by 4.7% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 3,855 shares of the company's stock valued at $296,000 after purchasing an additional 172 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in Coca-Cola Europacific Partners by 1.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,936 shares of the company's stock valued at $840,000 after purchasing an additional 174 shares during the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Down 0.7%

Coca-Cola Europacific Partners stock traded down $0.68 during trading hours on Friday, hitting $92.85. The company had a trading volume of 1,249,376 shares, compared to its average volume of 1,785,275. The firm has a market capitalization of $42.80 billion, a P/E ratio of 19.10, a price-to-earnings-growth 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 moving average is $89.27 and its 200-day moving average is $83.60. Coca-Cola Europacific Partners PLC has a fifty-two week low of $71.49 and a fifty-two week high of $93.75.

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 paid a dividend of $0.8993 per share. 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 16.26%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Evercore ISI increased their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Barclays boosted 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. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. Finally, UBS Group boosted their price target on shares of Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Coca-Cola Europacific Partners has a consensus rating of "Moderate Buy" and a consensus target price 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.