Dynasty Wealth Management LLC Raises Stock Position in Coca-Cola Europacific Partners $CCEP

Dynasty Wealth Management LLC increased its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 82.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,298 shares of the company’s stock after purchasing an additional 6,472 shares during the period. Dynasty Wealth Management LLC’s holdings in Coca-Cola Europacific Partners were worth $1,293,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Coca-Cola Europacific Partners during the second quarter worth about $381,335,000. Massachusetts Financial Services Co. MA boosted its holdings in Coca-Cola Europacific Partners by 138.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,835,583 shares of the company’s stock worth $527,595,000 after acquiring an additional 3,392,680 shares during the period. Invesco Ltd. grew its position in Coca-Cola Europacific Partners by 14.7% in the second quarter. Invesco Ltd. now owns 11,858,949 shares of the company’s stock valued at $1,099,562,000 after acquiring an additional 1,523,055 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Coca-Cola Europacific Partners by 8.1% during the second quarter. Vanguard Group Inc. now owns 10,682,027 shares of the company’s stock valued at $984,804,000 after purchasing an additional 798,427 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Coca-Cola Europacific Partners by 32.8% during the second quarter. Bank of America Corp DE now owns 2,870,553 shares of the company’s stock valued at $266,158,000 after purchasing an additional 709,723 shares during the period. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Price Performance

Shares of Coca-Cola Europacific Partners stock opened at $90.29 on Wednesday. The business has a 50-day moving average price of $90.37 and a 200 day moving average price of $91.17. Coca-Cola Europacific Partners has a fifty-two week low of $76.04 and a fifty-two week high of $100.67. 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 Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, December 3rd. Investors of record on Friday, November 14th were paid a dividend of $1.25 per share. The ex-dividend date was Friday, November 14th. This represents a yield of 277.0%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CCEP. Bank of America reaffirmed a “neutral” rating and set a $96.00 price target (down previously from $102.00) on shares of Coca-Cola Europacific Partners in a research note on Wednesday, January 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, October 30th. Citigroup reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $114.00 price objective on shares of Coca-Cola Europacific Partners in a report on Thursday, January 8th. Finally, Barclays reaffirmed an “overweight” rating and issued a $101.00 target price on shares of Coca-Cola Europacific Partners in a research report on Friday. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $100.80.

Coca-Cola Europacific Partners Profile

Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.

The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.