Elevation Point Wealth Partners LLC Purchases 469 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Elevation Point Wealth Partners LLC raised its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 2.8% in the 1st quarter, Holdings Channel reports. The firm owned 17,078 shares of the company’s stock after buying an additional 469 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Coca-Cola Europacific Partners were worth $1,486,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CCEP. Norges Bank bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth $190,999,000. Invesco Ltd. increased its position in shares of Coca-Cola Europacific Partners by 26.3% during the fourth quarter. Invesco Ltd. now owns 10,119,928 shares of the company’s stock worth $777,312,000 after acquiring an additional 2,105,019 shares in the last quarter. Barclays PLC increased its position in shares of Coca-Cola Europacific Partners by 236.4% during the fourth quarter. Barclays PLC now owns 1,804,855 shares of the company’s stock worth $138,631,000 after acquiring an additional 1,268,401 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Coca-Cola Europacific Partners by 43.3% during the fourth quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company’s stock worth $221,835,000 after acquiring an additional 872,060 shares in the last quarter. Finally, Jane Street Group LLC increased its position in shares of Coca-Cola Europacific Partners by 842.4% during the fourth quarter. Jane Street Group LLC now owns 714,988 shares of the company’s stock worth $54,918,000 after acquiring an additional 639,119 shares in the last quarter. Institutional investors own 31.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Barclays increased their price objective on shares of 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. Evercore ISI increased their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Finally, Kepler Capital Markets downgraded 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 given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.50.

Coca-Cola Europacific Partners Stock Down 0.7%

Coca-Cola Europacific Partners stock opened at $92.85 on Friday. The company has a market cap of $42.80 billion, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 4.89 and a beta of 0.78. Coca-Cola Europacific Partners PLC has a 1-year low of $71.49 and a 1-year high of $93.75. The company has a fifty day simple moving average of $89.27 and a 200 day simple moving average of $83.60. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11.

Coca-Cola Europacific Partners Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th were paid a $0.8993 dividend. This represents a yield of 2.4%. The ex-dividend date of this dividend was Friday, May 16th. Coca-Cola Europacific Partners’s dividend payout ratio is currently 16.26%.

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.