Mitchell Mcleod Pugh & Williams Inc. Makes New $216,000 Investment in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Mitchell Mcleod Pugh & Williams Inc. purchased a new position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,737 shares of the company’s stock, valued at approximately $216,000.

A number of other large investors have also bought and sold shares of the stock. Legacy Capital Wealth Partners LLC grew its holdings in Coca-Cola Europacific Partners by 87.7% in the third quarter. Legacy Capital Wealth Partners LLC now owns 10,481 shares of the company’s stock worth $825,000 after purchasing an additional 4,898 shares during the period. Asset Management One Co. Ltd. grew its holdings in Coca-Cola Europacific Partners by 3.3% in the third quarter. Asset Management One Co. Ltd. now owns 74,088 shares of the company’s stock worth $5,834,000 after purchasing an additional 2,361 shares during the period. National Pension Service grew its holdings in Coca-Cola Europacific Partners by 7.9% in the third quarter. National Pension Service now owns 449,656 shares of the company’s stock worth $35,410,000 after purchasing an additional 33,082 shares during the period. Janney Capital Management LLC grew its holdings in Coca-Cola Europacific Partners by 4.4% in the third quarter. Janney Capital Management LLC now owns 3,417 shares of the company’s stock worth $269,000 after purchasing an additional 145 shares during the period. Finally, US Bancorp DE grew its holdings in Coca-Cola Europacific Partners by 1.5% in the third quarter. US Bancorp DE now owns 63,675 shares of the company’s stock worth $5,014,000 after purchasing an additional 931 shares during the period. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Trading Up 0.8 %

CCEP stock traded up $0.63 during mid-day trading on Friday, hitting $77.89. The company had a trading volume of 1,925,259 shares, compared to its average volume of 1,135,852. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. Coca-Cola Europacific Partners PLC has a 12 month low of $59.31 and a 12 month high of $82.32. The stock’s fifty day moving average price is $78.60 and its two-hundred day moving average price is $75.65.

Coca-Cola Europacific Partners Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be given a $1.34 dividend. This is a positive change from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. The ex-dividend date of this dividend is Friday, November 15th. This represents a yield of 2.6%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CCEP shares. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 9th. Barclays lifted their price objective on shares of Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup upgraded shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. BNP Paribas cut shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective for the company. in a report on Tuesday, September 10th. Finally, Evercore ISI lifted their price objective on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $81.22.

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.