Simplicity Wealth LLC Invests $684,000 in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Simplicity Wealth LLC purchased a new position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,778 shares of the company’s stock, valued at approximately $684,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. raised its position in Coca-Cola Europacific Partners by 12.9% during the fourth quarter. NBC Securities Inc. now owns 1,326 shares of the company’s stock worth $88,000 after acquiring an additional 152 shares in the last quarter. AustralianSuper Pty Ltd bought a new stake in Coca-Cola Europacific Partners during the fourth quarter worth $1,467,000. Pacer Advisors Inc. raised its position in Coca-Cola Europacific Partners by 1,120.3% during the fourth quarter. Pacer Advisors Inc. now owns 23,332 shares of the company’s stock worth $1,557,000 after acquiring an additional 21,420 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Coca-Cola Europacific Partners during the third quarter worth $685,000. Finally, International Assets Investment Management LLC bought a new stake in Coca-Cola Europacific Partners during the fourth quarter worth $5,876,000. 31.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on CCEP shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Barclays upped their price objective on shares of Coca-Cola Europacific Partners from $78.00 to $84.00 and gave the company an “overweight” rating in a report on Tuesday, May 14th. UBS Group upped their price objective on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a “buy” rating in a report on Monday, February 26th. StockNews.com downgraded shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Argus upped their price target on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and a consensus target price of $76.44.

Coca-Cola Europacific Partners Stock Performance

Coca-Cola Europacific Partners stock traded down $0.56 during trading hours on Monday, reaching $73.95. 716,488 shares of the stock were exchanged, compared to its average volume of 1,460,006. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27. Coca-Cola Europacific Partners PLC has a twelve month low of $56.28 and a twelve month high of $75.43. The stock has a 50 day moving average of $70.80 and a two-hundred day moving average of $67.43.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last announced its quarterly earnings data on Friday, February 23rd. The company reported $1.85 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.85. Sell-side analysts expect that Coca-Cola Europacific Partners PLC will post 4.15 EPS for the current fiscal year.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Friday, May 10th will be issued a $0.79 dividend. The ex-dividend date is Thursday, May 9th. This represents a dividend yield of 5.6%.

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.