Parr Mcknight Wealth Management Group LLC Makes New $3.29 Million Investment in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Parr Mcknight Wealth Management Group LLC acquired a new position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the fourth quarter, Holdings Channel reports. The firm acquired 42,777 shares of the company’s stock, valued at approximately $3,286,000.

Several other large investors have also bought and sold shares of the company. Cibc World Markets Corp grew its position in Coca-Cola Europacific Partners by 1.4% during the fourth quarter. Cibc World Markets Corp now owns 10,200 shares of the company’s stock valued at $783,000 after purchasing an additional 139 shares in the last quarter. TIAA Trust National Association boosted its stake in shares of Coca-Cola Europacific Partners by 4.4% during the 4th quarter. TIAA Trust National Association now owns 3,420 shares of the company’s stock valued at $263,000 after buying an additional 145 shares during the period. Moody Lynn & Lieberson LLC grew its holdings in shares of Coca-Cola Europacific Partners by 5.0% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company’s stock valued at $242,000 after acquiring an additional 150 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Coca-Cola Europacific Partners by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 53,142 shares of the company’s stock worth $4,087,000 after acquiring an additional 155 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 16.2% during the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock worth $94,000 after acquiring an additional 166 shares in the last quarter. Institutional investors own 31.35% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Evercore ISI boosted their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. 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 report on Wednesday, April 30th. Barclays increased 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, Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $88.50.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ:CCEP opened at $88.59 on Friday. The stock has a market capitalization of $40.84 billion, a P/E ratio of 18.23, a P/E/G ratio of 4.89 and a beta of 0.77. The business has a 50-day moving average of $87.37 and a two-hundred day moving average of $82.00. Coca-Cola Europacific Partners PLC has a fifty-two week low of $70.82 and a fifty-two week high of $91.37. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 16th will be paid a $0.8993 dividend. This represents a dividend yield of 2.4%. The ex-dividend date is Friday, May 16th. Coca-Cola Europacific Partners’s payout ratio is 16.26%.

About Coca-Cola Europacific Partners

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.