Newbridge Financial Services Group Inc. Buys 5,700 Shares of Coca-Cola Europacific Partners $CCEP

Newbridge Financial Services Group Inc. raised its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 931.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 6,312 shares of the company’s stock after buying an additional 5,700 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Coca-Cola Europacific Partners were worth $585,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in CCEP. Townsquare Capital LLC boosted its holdings in Coca-Cola Europacific Partners by 5.2% in the first quarter. Townsquare Capital LLC now owns 4,647 shares of the company’s stock valued at $405,000 after acquiring an additional 230 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Coca-Cola Europacific Partners by 2.5% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,177 shares of the company’s stock valued at $538,000 after purchasing an additional 150 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Coca-Cola Europacific Partners by 10.7% in the 1st quarter. Russell Investments Group Ltd. now owns 180,852 shares of the company’s stock valued at $15,726,000 after purchasing an additional 17,486 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its position in shares of Coca-Cola Europacific Partners by 100.4% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 7,726 shares of the company’s stock worth $672,000 after buying an additional 3,871 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Coca-Cola Europacific Partners during the 1st quarter worth approximately $690,000. Institutional investors own 31.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CCEP shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday, November 28th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Coca-Cola Europacific Partners currently has an average rating of “Moderate Buy” and a consensus price target of $99.33.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ CCEP opened at $90.80 on Monday. Coca-Cola Europacific Partners has a 52-week low of $73.40 and a 52-week high of $100.67. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83. The firm has a 50 day moving average price of $90.13 and a 200 day moving average price of $91.67.

Coca-Cola Europacific Partners Announces Dividend

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

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.