1,635 Shares in Coca-Cola Europacific Partners $CCEP Acquired by AlphaCore Capital LLC

AlphaCore Capital LLC bought a new position in Coca-Cola Europacific Partners (NASDAQ:CCEP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,635 shares of the company’s stock, valued at approximately $152,000.

Several other large investors have also recently made changes to their positions in the business. Franklin Resources Inc. lifted its holdings in shares of Coca-Cola Europacific Partners by 1.7% in the 2nd quarter. Franklin Resources Inc. now owns 743,057 shares of the company’s stock worth $68,896,000 after acquiring an additional 12,126 shares during the last quarter. Mediolanum International Funds Ltd raised its position in Coca-Cola Europacific Partners by 9.7% in the 2nd quarter. Mediolanum International Funds Ltd now owns 135,181 shares of the company’s stock worth $12,315,000 after purchasing an additional 11,958 shares during the period. Legal & General Group Plc lifted its stake in Coca-Cola Europacific Partners by 6.4% in the second quarter. Legal & General Group Plc now owns 3,620,199 shares of the company’s stock worth $334,220,000 after purchasing an additional 218,093 shares during the last quarter. MAI Capital Management lifted its stake in Coca-Cola Europacific Partners by 113.4% in the second quarter. MAI Capital Management now owns 414 shares of the company’s stock worth $38,000 after purchasing an additional 220 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in Coca-Cola Europacific Partners during the second quarter valued at about $401,000. 31.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CCEP has been the subject of a number of recent research reports. Morgan Stanley lowered Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, October 30th. Barclays decreased their target price on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Coca-Cola Europacific Partners currently has a consensus rating of “Hold” and an average target price of $92.40.

Coca-Cola Europacific Partners Price Performance

CCEP stock opened at $91.26 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65. Coca-Cola Europacific Partners has a 1 year low of $73.40 and a 1 year high of $100.67. The firm has a 50-day moving average of $89.73 and a 200 day moving average of $91.45. The company has a market cap of $42.07 billion, a P/E ratio of 17.34, a PEG ratio of 2.54 and a beta of 0.74.

Coca-Cola Europacific Partners Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Friday, November 14th will be paid a $1.25 dividend. This represents a dividend yield of 277.0%. The ex-dividend date is Friday, November 14th.

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.