Wealth Enhancement Advisory Services LLC Purchases 1,097 Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP)

Wealth Enhancement Advisory Services LLC lifted its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 2.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,688 shares of the company’s stock after acquiring an additional 1,097 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Coca-Cola Europacific Partners were worth $4,063,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CCEP. SBI Securities Co. Ltd. bought a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth approximately $27,000. NBC Securities Inc. bought a new position in shares of Coca-Cola Europacific Partners in the 1st quarter worth approximately $28,000. Optiver Holding B.V. bought a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth approximately $29,000. Summit Securities Group LLC bought a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth approximately $34,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth approximately $52,000. Institutional investors own 31.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. UBS Group raised their price objective on Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. Barclays raised their price objective on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and an average target price of $88.50.

Coca-Cola Europacific Partners Stock Down 0.3%

Coca-Cola Europacific Partners stock opened at $91.27 on Friday. The firm has a market cap of $42.07 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 4.93 and a beta of 0.78. The stock has a fifty day simple moving average of $90.36 and a two-hundred day simple moving average of $84.47. Coca-Cola Europacific Partners has a 12 month low of $71.49 and a 12 month high of $94.74. The company has a current ratio of 0.81, a quick ratio of 0.62 and a debt-to-equity ratio of 1.11.

Coca-Cola Europacific Partners Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were paid a $0.8993 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a dividend yield of 2.4%.

About Coca-Cola Europacific Partners

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.