Coca-Cola Europacific Partners (NASDAQ:CCEP) Plans Dividend of €1.42

Coca-Cola Europacific Partners (NASDAQ:CCEP) announced a dividend on Tuesday, November 3rd. Investors of record on Friday, November 20th will be given a dividend of €1.42 per share on Thursday, December 3rd. This represents a yield of 286.0%. The ex-dividend date is Friday, November 20th.

Coca-Cola Europacific Partners has raised its dividend payment by an average of 0.2% annually over the last three years. Coca-Cola Europacific Partners has a dividend payout ratio of 24.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Coca-Cola Europacific Partners to earn $5.47 per share next year, which means the company should continue to be able to cover its $1.25 annual dividend with an expected future payout ratio of 22.9%.

Coca-Cola Europacific Partners Price Performance

NASDAQ CCEP traded down $4.02 during trading hours on Tuesday, reaching $111.56. 2,199,896 shares of the company’s stock were exchanged, compared to its average volume of 1,849,065. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.89 and a quick ratio of 0.68. The company’s 50-day moving average is $106.20 and its two-hundred day moving average is $100.74. Coca-Cola Europacific Partners has a one year low of $84.65 and a one year high of $116.01.

Analysts Set New Price Targets

Several research firms have recently weighed in on CCEP. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $114.00 price target (up from $110.00) on shares of Coca-Cola Europacific Partners in a report on Wednesday, September 16th. UBS Group restated a “neutral” rating and set a $107.00 price objective (down from $109.00) on shares of Coca-Cola Europacific Partners in a report on Monday, October 5th. Sanford C. Bernstein restated a “market perform” rating and set a $106.00 price objective on shares of Coca-Cola Europacific Partners in a report on Wednesday, August 5th. JPMorgan Chase & Co. assumed coverage on shares of Coca-Cola Europacific Partners in a research report on Friday, September 4th. They issued an “underweight” rating and a $92.00 price objective on the stock. Finally, ING Group lowered shares of Coca-Cola Europacific Partners to a “hold” rating in a research note on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $107.11.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners plc (NASDAQ: CCEP) is a consumer beverage company and one of the world’s largest Coca-Cola bottlers. The company manufactures, distributes and sells a broad portfolio of branded beverages, including Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Fuze Tea, Powerade, Monster Energy and Costa Coffee products, depending on the market.

CCEP serves customers across Europe and the Asia-Pacific region. Its territories include Great Britain, France, Germany, Spain, Portugal, Belgium, the Netherlands, Norway, Sweden and Iceland, as well as Australia, New Zealand, Indonesia, Papua New Guinea and several Pacific island markets.