Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC lowered its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 3.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,578 shares of the company’s stock after selling 269 shares during the quarter. Metis Global Partners LLC’s holdings in Coca-Cola Europacific Partners were worth $518,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. raised its stake in Coca-Cola Europacific Partners by 38.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock worth $40,000 after acquiring an additional 139 shares in the last quarter. Janney Capital Management LLC grew its holdings in shares of Coca-Cola Europacific Partners by 4.4% during 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 last quarter. Signaturefd LLC increased its position in shares of Coca-Cola Europacific Partners by 2.6% during the second quarter. Signaturefd LLC now owns 5,735 shares of the company’s stock worth $418,000 after purchasing an additional 147 shares in the last quarter. Waverly Advisors LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 1.0% in the 1st quarter. Waverly Advisors LLC now owns 14,856 shares of the company’s stock valued at $1,039,000 after purchasing an additional 151 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Coca-Cola Europacific Partners by 14.5% in the 3rd quarter. CWM LLC now owns 1,318 shares of the company’s stock valued at $104,000 after purchasing an additional 167 shares during the period. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP opened at $76.03 on Tuesday. The firm has a market capitalization of $34.73 billion, a PE ratio of 16.86, a P/E/G ratio of 3.64 and a beta of 0.90. The stock’s 50 day moving average is $78.12 and its two-hundred day moving average is $75.97. Coca-Cola Europacific Partners PLC has a twelve month low of $59.31 and a twelve month high of $82.32. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12.

Coca-Cola Europacific Partners Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be issued a dividend of $1.34 per share. This represents a yield of 2.6%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. Coca-Cola Europacific Partners’s dividend payout ratio is currently 35.03%.

Analyst Upgrades and Downgrades

CCEP has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on 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. Barclays upped their price target on shares of Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Citigroup raised shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research 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 target price for the company. in a report on Tuesday, September 10th. Finally, Evercore ISI raised their price target on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Two equities 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.