World Investment Advisors Takes $293,000 Position in Coca-Cola Europacific Partners (NASDAQ:CCEP)

World Investment Advisors acquired a new position in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,372 shares of the company's stock, valued at approximately $293,000.

Several other large investors have also added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its stake in shares of Coca-Cola Europacific Partners by 135.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,749 shares of the company's stock worth $134,000 after purchasing an additional 1,006 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Coca-Cola Europacific Partners during the fourth quarter worth approximately $27,000. Steward Partners Investment Advisory LLC raised its stake in Coca-Cola Europacific Partners by 13.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,322 shares of the company's stock valued at $486,000 after buying an additional 738 shares during the period. Raymond James Financial Inc. acquired a new stake in Coca-Cola Europacific Partners during the 4th quarter valued at $14,999,000. Finally, PNC Financial Services Group Inc. boosted its position in Coca-Cola Europacific Partners by 38.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 19,948 shares of the company's stock worth $1,532,000 after purchasing an additional 5,554 shares during the period. Institutional investors and hedge funds own 31.35% of the company's stock.

Coca-Cola Europacific Partners Trading Up 0.1%

Shares of NASDAQ:CCEP traded up $0.07 during trading on Friday, reaching $95.52. 1,223,620 shares of the company traded hands, compared to its average volume of 1,825,075. Coca-Cola Europacific Partners has a 52 week low of $71.49 and a 52 week high of $97.23. 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's 50 day moving average is $91.52 and its two-hundred day moving average is $85.69.

Coca-Cola Europacific Partners Cuts Dividend

The firm also recently announced 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 of this dividend was Friday, May 16th.

Wall Street Analyst Weigh In

CCEP has been the subject of a number of research reports. Wall Street Zen cut shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Barclays boosted their price objective on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, UBS Group lifted their price target on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $90.14.

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.