GAMMA Investing LLC Purchases Shares of 412 Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

GAMMA Investing LLC bought a new position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 412 shares of the company’s stock, valued at approximately $28,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Global Retirement Partners LLC increased its position in shares of Coca-Cola Europacific Partners by 24.1% during the fourth quarter. Global Retirement Partners LLC now owns 799 shares of the company’s stock worth $54,000 after acquiring an additional 155 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth about $61,000. NBC Securities Inc. bought a new stake in shares of Coca-Cola Europacific Partners during the third quarter worth about $73,000. ZRC Wealth Management LLC bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth about $85,000. Finally, Private Trust Co. NA increased its position in shares of Coca-Cola Europacific Partners by 275.2% during the fourth quarter. Private Trust Co. NA now owns 1,827 shares of the company’s stock worth $120,000 after acquiring an additional 1,340 shares in the last quarter. 31.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Argus boosted their target price on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Barclays boosted their price target on shares of Coca-Cola Europacific Partners from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. StockNews.com upgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a report on Monday, February 26th. UBS Group boosted their price target on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $75.78.

Coca-Cola Europacific Partners Price Performance

CCEP opened at $71.36 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27. Coca-Cola Europacific Partners PLC has a twelve month low of $56.28 and a twelve month high of $72.67. The company’s 50-day moving average price is $69.95 and its two-hundred day moving average price is $66.33.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last released its earnings results on Friday, February 23rd. The company reported $1.85 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.85. As a group, equities analysts predict that Coca-Cola Europacific Partners PLC will post 4.15 EPS for the current year.

Coca-Cola Europacific Partners Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, May 23rd. Investors of record on Friday, May 10th will be paid a dividend of $0.79 per share. This represents a dividend yield of 5.6%. The ex-dividend date is Thursday, May 9th.

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.