Savant Capital LLC Raises Position in Coca-Cola Europacific Partners $CCEP

Savant Capital LLC lifted its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 39.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,962 shares of the company’s stock after purchasing an additional 2,808 shares during the quarter. Savant Capital LLC’s holdings in Coca-Cola Europacific Partners were worth $924,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Bleakley Financial Group LLC lifted its position in Coca-Cola Europacific Partners by 2.0% in the first quarter. Bleakley Financial Group LLC now owns 11,326 shares of the company’s stock worth $986,000 after buying an additional 222 shares during the last quarter. Apollon Wealth Management LLC raised its stake in shares of Coca-Cola Europacific Partners by 23.5% in the first quarter. Apollon Wealth Management LLC now owns 3,595 shares of the company’s stock valued at $313,000 after acquiring an additional 684 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in shares of Coca-Cola Europacific Partners by 204.2% in the 1st quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company’s stock worth $32,000 after acquiring an additional 245 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of Coca-Cola Europacific Partners during the 1st quarter worth about $215,000. Finally, Csenge Advisory Group purchased a new position in shares of Coca-Cola Europacific Partners during the 1st quarter worth about $228,000. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP stock opened at $91.65 on Friday. The company has a market capitalization of $42.25 billion, a P/E ratio of 17.34, a P/E/G ratio of 2.54 and a beta of 0.74. The company’s 50-day simple moving average is $89.63 and its two-hundred day simple moving average is $91.40. Coca-Cola Europacific Partners has a one year low of $73.40 and a one year high of $100.67. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65.

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 given a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a yield of 273.0%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Barclays decreased their price objective on shares of 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. Morgan Stanley downgraded Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Friday, August 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Coca-Cola Europacific Partners has an average rating of “Hold” and a consensus target price of $92.40.

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.