Inceptionr LLC Buys 4,972 Shares of Coca-Cola Europacific Partners $CCEP

Inceptionr LLC lifted its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 66.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,472 shares of the company’s stock after buying an additional 4,972 shares during the quarter. Inceptionr LLC’s holdings in Coca-Cola Europacific Partners were worth $1,156,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CCEP. Assetmark Inc. increased its holdings in Coca-Cola Europacific Partners by 107.3% in the 1st quarter. Assetmark Inc. now owns 284 shares of the company’s stock valued at $25,000 after acquiring an additional 147 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of Coca-Cola Europacific Partners by 61.3% during the second quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $34,000 after purchasing an additional 138 shares in the last quarter. Quarry LP increased its holdings in shares of Coca-Cola Europacific Partners by 115.8% in the first quarter. Quarry LP now owns 436 shares of the company’s stock worth $38,000 after purchasing an additional 234 shares during the last quarter. MAI Capital Management increased its holdings in shares of Coca-Cola Europacific Partners by 113.4% in the second quarter. MAI Capital Management now owns 414 shares of the company’s stock worth $38,000 after purchasing an additional 220 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Coca-Cola Europacific Partners in the second quarter worth about $67,000. Institutional investors own 31.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CCEP shares. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, October 30th. Barclays lowered their target price on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Morgan Stanley cut shares of Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Friday, August 8th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Coca-Cola Europacific Partners currently has a consensus rating of “Moderate Buy” and an average target price of $95.00.

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP opened at $91.28 on Thursday. The business’s 50 day moving average price is $89.74 and its 200-day moving average price is $91.44. Coca-Cola Europacific Partners has a fifty-two week low of $73.40 and a fifty-two week high of $100.67. The company has a market cap of $42.08 billion, a P/E ratio of 17.34, a P/E/G ratio of 2.54 and a beta of 0.74. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83.

Coca-Cola Europacific Partners Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Friday, November 14th will be given a dividend of $1.25 per share. The ex-dividend date is Friday, November 14th. This represents a yield of 277.0%.

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.