Coca-Cola Europacific Partners $CCEP Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC increased its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 9.1% in the second quarter, HoldingsChannel.com reports. The firm owned 7,036 shares of the company’s stock after buying an additional 589 shares during the quarter. Metis Global Partners LLC’s holdings in Coca-Cola Europacific Partners were worth $652,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. lifted its position in shares of Coca-Cola Europacific Partners by 107.3% during the 1st quarter. Assetmark Inc. now owns 284 shares of the company’s stock valued at $25,000 after buying an additional 147 shares in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in Coca-Cola Europacific Partners by 204.2% during the first quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company’s stock valued at $32,000 after purchasing an additional 245 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of Coca-Cola Europacific Partners by 61.3% in 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 during the period. Motco increased its stake in shares of Coca-Cola Europacific Partners by 285.7% during the first quarter. Motco now owns 405 shares of the company’s stock worth $35,000 after purchasing an additional 300 shares in the last quarter. Finally, Quarry LP raised its position in shares of Coca-Cola Europacific Partners by 115.8% during the 1st 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. 31.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Barclays cut their price objective on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, October 30th. Morgan Stanley downgraded Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research note 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 research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Coca-Cola Europacific Partners presently has a consensus rating of “Hold” and an average target price of $92.40.

Coca-Cola Europacific Partners Stock Up 0.2%

NASDAQ CCEP opened at $93.30 on Thursday. Coca-Cola Europacific Partners has a 52 week low of $73.40 and a 52 week 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. The business’s fifty day simple moving average is $89.55 and its 200-day simple moving average is $91.40. The firm has a market cap of $43.01 billion, a PE ratio of 17.34, a P/E/G ratio of 2.54 and a beta of 0.74.

Coca-Cola Europacific Partners Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Friday, November 14th will be issued a $1.25 dividend. This represents a yield of 283.0%. The ex-dividend date is Friday, November 14th.

Coca-Cola Europacific Partners Company 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.