Newbridge Financial Services Group Inc. Has $585,000 Holdings in Coca-Cola Europacific Partners $CCEP

Newbridge Financial Services Group Inc. lifted its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 931.4% in the 2nd quarter, Holdings Channel reports. The fund owned 6,312 shares of the company’s stock after acquiring an additional 5,700 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Coca-Cola Europacific Partners were worth $585,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its stake in shares of Coca-Cola Europacific Partners by 61.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $34,000 after purchasing an additional 138 shares during the period. Westerkirk Capital Inc. bought a new position in shares of Coca-Cola Europacific Partners during the second quarter worth about $37,000. MAI Capital Management raised its position in Coca-Cola Europacific Partners by 113.4% in the 2nd quarter. MAI Capital Management now owns 414 shares of the company’s stock valued at $38,000 after buying an additional 220 shares during the last quarter. Quarry LP lifted its stake in Coca-Cola Europacific Partners by 115.8% in the 1st quarter. Quarry LP now owns 436 shares of the company’s stock valued at $38,000 after acquiring an additional 234 shares in the last quarter. Finally, Assetmark Inc. boosted its position in Coca-Cola Europacific Partners by 110.2% during the 2nd quarter. Assetmark Inc. now owns 597 shares of the company’s stock worth $55,000 after acquiring an additional 313 shares during the last quarter. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP opened at $90.80 on Monday. Coca-Cola Europacific Partners has a 12 month low of $73.40 and a 12 month 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. The stock has a 50 day moving average of $90.13 and a 200-day moving average of $91.67.

Coca-Cola Europacific Partners Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Friday, November 14th were given a $1.25 dividend. This represents a dividend yield of 277.0%. The ex-dividend date of this dividend was Friday, November 14th.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CCEP. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, November 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, October 30th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Coca-Cola Europacific Partners currently has an average rating of “Moderate Buy” and a consensus target price of $99.33.

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.