Mitchell Mcleod Pugh & Williams Inc. Purchases Shares of 2,737 Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Mitchell Mcleod Pugh & Williams Inc. purchased a new stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,737 shares of the company’s stock, valued at approximately $216,000.

Several other large investors have also recently bought and sold shares of CCEP. Legacy Capital Wealth Partners LLC grew its position in shares of Coca-Cola Europacific Partners by 87.7% during the 3rd 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 in the last quarter. Asset Management One Co. Ltd. grew its position in shares of Coca-Cola Europacific Partners by 3.3% during the 3rd 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 in the last quarter. National Pension Service grew its position in shares of Coca-Cola Europacific Partners by 7.9% during the 3rd 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 in the last quarter. Janney Capital Management LLC grew its position in shares of Coca-Cola Europacific Partners by 4.4% during the 3rd quarter. Janney Capital Management LLC now owns 3,417 shares of the company’s stock worth $269,000 after purchasing an additional 145 shares in the last quarter. Finally, US Bancorp DE grew its position in shares of Coca-Cola Europacific Partners by 1.5% during the 3rd quarter. US Bancorp DE now owns 63,675 shares of the company’s stock worth $5,014,000 after purchasing an additional 931 shares in the last quarter. 31.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Coca-Cola Europacific Partners Trading Up 0.8 %

Shares of CCEP stock traded up $0.63 during trading hours on Friday, hitting $77.89. 1,925,259 shares of the company’s stock traded hands, compared to its average volume of 1,135,852. The stock’s 50 day simple moving average is $78.60 and its 200 day simple moving average is $75.65. Coca-Cola Europacific Partners PLC has a 12 month low of $59.31 and a 12 month high of $82.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63.

Coca-Cola Europacific Partners Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be paid a dividend of $1.34 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a dividend yield of 2.6%. This is an increase from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79.

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.