Transform Wealth LLC Buys Shares of 112,723 Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Transform Wealth LLC bought a new stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 112,723 shares of the company’s stock, valued at approximately $7,885,000.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC bought a new position in Coca-Cola Europacific Partners in the fourth quarter valued at about $28,000. Voisard Asset Management Group Inc. bought a new position in Coca-Cola Europacific Partners in the fourth quarter valued at about $33,000. Benjamin F. Edwards & Company Inc. increased its position in Coca-Cola Europacific Partners by 220.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the company’s stock worth $34,000 after buying an additional 352 shares in the last quarter. Global Retirement Partners LLC increased its position in Coca-Cola Europacific Partners by 24.1% in the fourth quarter. Global Retirement Partners LLC now owns 799 shares of the company’s stock worth $54,000 after buying an additional 155 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. purchased a new stake in Coca-Cola Europacific Partners in the fourth quarter worth about $61,000. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Down 0.8 %

Shares of NASDAQ CCEP traded down $0.62 during trading on Friday, reaching $73.12. 460,298 shares of the company traded hands, compared to its average volume of 1,423,704. The firm’s fifty day simple moving average is $72.99 and its 200 day simple moving average is $69.77. Coca-Cola Europacific Partners PLC has a 12-month low of $56.28 and a 12-month high of $76.44. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.72 and a current ratio of 0.91.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, May 23rd. Shareholders of record on Friday, May 10th were paid a dividend of $0.79 per share. The ex-dividend date was Thursday, May 9th. This represents a dividend yield of 5.6%.

Analysts Set New Price Targets

Several research firms recently issued reports on CCEP. Deutsche Bank Aktiengesellschaft increased their target price on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Barclays increased their price objective on shares of Coca-Cola Europacific Partners from $78.00 to $84.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 14th. Argus increased their price target on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Finally, StockNews.com downgraded Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a report on Sunday, May 19th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $76.44.

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.