Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Acquired by Transform Wealth LLC

Transform Wealth LLC grew its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 6.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 146,990 shares of the company's stock after acquiring an additional 8,299 shares during the quarter. Transform Wealth LLC's holdings in Coca-Cola Europacific Partners were worth $12,793,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 5.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 550,630 shares of the company's stock valued at $42,294,000 after buying an additional 28,867 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Coca-Cola Europacific Partners by 10.0% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,533 shares of the company's stock valued at $1,577,000 after acquiring an additional 1,864 shares during the period. Apollon Wealth Management LLC raised its stake in Coca-Cola Europacific Partners by 8.5% during the 4th quarter. Apollon Wealth Management LLC now owns 2,911 shares of the company's stock valued at $224,000 after acquiring an additional 228 shares during the last quarter. Savant Capital LLC lifted its position in Coca-Cola Europacific Partners by 6.7% during the 4th quarter. Savant Capital LLC now owns 6,816 shares of the company's stock worth $524,000 after acquiring an additional 429 shares during the period. Finally, Compound Global Advisors LLC purchased a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at approximately $307,000. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Trading Up 0.1%

NASDAQ:CCEP traded up $0.05 on Thursday, reaching $92.91. The stock had a trading volume of 719,990 shares, compared to its average volume of 1,782,012. Coca-Cola Europacific Partners PLC has a 12-month low of $71.49 and a 12-month high of $93.49. The company has a market cap of $42.83 billion, a price-to-earnings ratio of 19.12, a P/E/G ratio of 4.89 and a beta of 0.78. The firm's fifty day moving average is $88.84 and its two-hundred day moving average is $83.35. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently declared 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 dividend payout ratio is currently 16.26%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CCEP shares. UBS Group increased their price target on shares of Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Barclays raised their price objective on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Evercore ISI boosted their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Finally, Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $88.50.

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.