Laurel Wealth Advisors LLC Grows Position in Coca-Cola Europacific Partners $CCEP

Laurel Wealth Advisors LLC lifted its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 9,172.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 20,399 shares of the company’s stock after purchasing an additional 20,179 shares during the period. Laurel Wealth Advisors LLC’s holdings in Coca-Cola Europacific Partners were worth $1,891,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CCEP. Vanguard Group Inc. boosted its position in Coca-Cola Europacific Partners by 8.1% during the 2nd quarter. Vanguard Group Inc. now owns 10,682,027 shares of the company’s stock valued at $984,804,000 after buying an additional 798,427 shares during the period. Invesco Ltd. raised its stake in shares of Coca-Cola Europacific Partners by 2.1% during the first quarter. Invesco Ltd. now owns 10,335,894 shares of the company’s stock valued at $899,533,000 after acquiring an additional 215,966 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 24.3% during the first quarter. Goldman Sachs Group Inc. now owns 6,205,337 shares of the company’s stock worth $540,050,000 after purchasing an additional 1,214,493 shares during the period. Legal & General Group Plc boosted its holdings in shares of Coca-Cola Europacific Partners by 6.4% during the second quarter. Legal & General Group Plc now owns 3,620,199 shares of the company’s stock worth $334,220,000 after purchasing an additional 218,093 shares during the period. Finally, Amundi grew its stake in shares of Coca-Cola Europacific Partners by 1.6% in the first quarter. Amundi now owns 3,128,598 shares of the company’s stock worth $281,009,000 after purchasing an additional 49,747 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CCEP has been the subject of a number of recent analyst reports. Barclays lowered their price target 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, October 30th. Morgan Stanley cut shares of Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

Coca-Cola Europacific Partners Trading Up 0.0%

NASDAQ CCEP opened at $91.28 on Friday. The firm has a market capitalization of $42.08 billion, a PE ratio of 17.34, a P/E/G ratio of 2.54 and a beta of 0.74. The stock’s 50 day moving average is $89.79 and its 200 day moving average is $91.44. Coca-Cola Europacific Partners has a twelve month low of $73.40 and a twelve month high of $100.67. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 1.15.

Coca-Cola Europacific Partners Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Friday, November 14th will be given a $1.25 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a dividend 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.