Moran Wealth Management LLC Buys 2,330 Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP)

Moran Wealth Management LLC lifted its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 5.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,452 shares of the company’s stock after buying an additional 2,330 shares during the quarter. Moran Wealth Management LLC’s holdings in Coca-Cola Europacific Partners were worth $4,217,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Invesco Ltd. lifted its stake in Coca-Cola Europacific Partners by 26.3% in the 4th quarter. Invesco Ltd. now owns 10,119,928 shares of the company’s stock worth $777,312,000 after purchasing an additional 2,105,019 shares in the last quarter. FMR LLC grew its position in shares of Coca-Cola Europacific Partners by 3.3% during the 4th quarter. FMR LLC now owns 7,234,642 shares of the company’s stock valued at $555,693,000 after purchasing an additional 229,679 shares in the last quarter. Amundi increased its holdings in shares of Coca-Cola Europacific Partners by 2.9% in the fourth quarter. Amundi now owns 3,078,851 shares of the company’s stock worth $233,716,000 after purchasing an additional 87,675 shares during the period. JPMorgan Chase & Co. raised its position in shares of Coca-Cola Europacific Partners by 43.3% in the fourth quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company’s stock worth $221,835,000 after buying an additional 872,060 shares in the last quarter. Finally, Norges Bank bought a new stake in Coca-Cola Europacific Partners during the fourth quarter valued at $190,999,000. 31.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on CCEP. Barclays boosted their target price on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. UBS Group lifted their price target on Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $88.50.

Coca-Cola Europacific Partners Trading Down 1.2%

NASDAQ CCEP opened at $91.56 on Thursday. 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’s 50-day simple moving average is $90.32 and its two-hundred day simple moving average is $84.38. Coca-Cola Europacific Partners has a twelve month low of $71.49 and a twelve month high of $94.74. The company has a market capitalization of $42.20 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 4.99 and a beta of 0.78.

Coca-Cola Europacific Partners Cuts Dividend

The firm 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 was Friday, May 16th. This represents a dividend yield of 2.4%.

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.