Wealthquest Corp Invests $435,000 in Coca-Cola Europacific Partners (NASDAQ:CCEP)

Wealthquest Corp acquired a new stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 4,994 shares of the company's stock, valued at approximately $435,000.

Other large investors also recently bought and sold shares of the company. LPL Financial LLC grew its stake in Coca-Cola Europacific Partners by 28.1% during the 4th quarter. LPL Financial LLC now owns 117,700 shares of the company's stock valued at $9,041,000 after acquiring an additional 25,840 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Coca-Cola Europacific Partners by 43.3% during the 4th quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company's stock valued at $221,835,000 after acquiring an additional 872,060 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter valued at about $446,000. Amundi grew its stake in Coca-Cola Europacific Partners by 2.9% during the 4th quarter. Amundi now owns 3,078,851 shares of the company's stock valued at $233,716,000 after acquiring an additional 87,675 shares in the last quarter. Finally, Catalyst Funds Management Pty Ltd purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter valued at about $12,075,000. Hedge funds and other institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Trading Down 0.3%

NASDAQ:CCEP traded down $0.29 on Thursday, hitting $91.27. The stock had a trading volume of 1,722,990 shares, compared to its average volume of 1,796,286. 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 stock has a market cap of $42.07 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 4.99 and a beta of 0.78. The company has a fifty day moving average price of $90.32 and a two-hundred day moving average price of $84.38. Coca-Cola Europacific Partners has a 1-year low of $71.49 and a 1-year high of $94.74.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were issued a $0.8993 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a dividend yield of 2.4%.

Wall Street Analysts Forecast Growth

CCEP has been the subject of several research reports. Barclays upped their price objective on shares of 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. UBS Group boosted their target price 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Coca-Cola Europacific Partners presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.50.

Coca-Cola Europacific Partners 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.