Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP raised its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 480,085 shares of the company’s stock after acquiring an additional 18,300 shares during the quarter. Wellington Management Group LLP owned approximately 0.10% of Coca-Cola Europacific Partners worth $36,919,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CCEP. SBI Securities Co. Ltd. acquired a new position in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $27,000. Optiver Holding B.V. acquired a new position in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $29,000. Summit Securities Group LLC acquired a new position in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $34,000. Whipplewood Advisors LLC acquired a new position in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $52,000. Finally, Blue Trust Inc. lifted its holdings in Coca-Cola Europacific Partners by 16.2% in the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock valued at $94,000 after acquiring an additional 166 shares during the period. 31.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CCEP. Evercore ISI boosted their price objective on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Barclays boosted their price objective on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Kepler Capital Markets cut Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. Finally, UBS Group boosted their price objective 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 given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.50.

Coca-Cola Europacific Partners Stock Up 1.6%

Shares of CCEP opened at $92.13 on Friday. The stock has a 50 day moving average price of $87.97 and a 200 day moving average price of $82.53. The stock has a market capitalization of $42.47 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 4.89 and a beta of 0.77. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. Coca-Cola Europacific Partners PLC has a one year low of $71.49 and a one year high of $92.73.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently disclosed 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 was Friday, May 16th. Coca-Cola Europacific Partners’s dividend payout ratio (DPR) is currently 16.26%.

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.