Diversified Trust Co Has $4.63 Million Stock Holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP)

Diversified Trust Co lifted its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 107.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,163 shares of the company’s stock after purchasing an additional 27,547 shares during the quarter. Diversified Trust Co’s holdings in Coca-Cola Europacific Partners were worth $4,627,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

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

Coca-Cola Europacific Partners Trading Down 0.3%

Shares of NASDAQ:CCEP opened at $91.27 on Friday. The company’s 50-day moving average price is $90.36 and its two-hundred day moving average price is $84.47. Coca-Cola Europacific Partners has a one year low of $71.49 and a one year high of $94.74. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.62. The stock has a market capitalization of $42.07 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 4.93 and a beta of 0.78.

Coca-Cola Europacific Partners Cuts Dividend

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

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.