Wealthquest Corp acquired a new stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,994 shares of the company's stock, valued at approximately $435,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in Coca-Cola Europacific Partners during the 4th quarter valued at approximately $27,000. NBC Securities Inc. bought a new position in Coca-Cola Europacific Partners during the 1st quarter valued at approximately $28,000. Optiver Holding B.V. bought a new position in Coca-Cola Europacific Partners during the 4th quarter valued at approximately $29,000. Summit Securities Group LLC purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter valued at $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter valued at $52,000. Institutional investors own 31.35% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have commented on CCEP shares. Barclays increased their target price 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. Wall Street Zen upgraded Coca-Cola Europacific Partners from a "hold" rating to a "buy" rating in a research note on Friday. Finally, UBS Group increased their target price 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners has a consensus rating of "Moderate Buy" and an average target price of $88.50.
Check Out Our Latest Report on CCEP
Coca-Cola Europacific Partners Stock Performance
Shares of CCEP stock traded down $0.17 on Friday, reaching $91.10. The stock had a trading volume of 1,897,857 shares, compared to its average volume of 1,799,334. The stock has a market cap of $41.99 billion, a P/E ratio of 18.74, a price-to-earnings-growth ratio of 4.92 and a beta of 0.78. Coca-Cola Europacific Partners has a 1 year low of $71.49 and a 1 year high of $94.74. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.62 and a current ratio of 0.81. The company has a 50 day simple moving average of $90.39 and a 200 day simple moving average of $84.55.
Coca-Cola Europacific Partners Cuts Dividend
The company also recently declared 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 was Friday, May 16th. This represents a dividend yield of 2.4%. Coca-Cola Europacific Partners's dividend payout ratio (DPR) is currently 37.04%.
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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