Coca-Cola Europacific Partners (NASDAQ:CCEP) Shareholders to Get €1.42 Dividend

Coca-Cola Europacific Partners (NASDAQ:CCEP) declared a dividend on Tuesday, November 3rd. Shareholders of record on Friday, November 20th will be given a dividend of €1.42 per share on Thursday, December 3rd. This represents a yield of 286.0%. The ex-dividend date is Friday, November 20th.

Coca-Cola Europacific Partners has raised its dividend payment by an average of 0.2% per year over the last three years. Coca-Cola Europacific Partners has a payout ratio of 24.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Coca-Cola Europacific Partners to earn $5.47 per share next year, which means the company should continue to be able to cover its $1.25 annual dividend with an expected future payout ratio of 22.9%.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock traded down $4.02 during trading hours on Tuesday, hitting $111.56. 2,199,896 shares of the company’s stock were exchanged, compared to its average volume of 1,849,065. The stock’s 50-day moving average is $106.20 and its 200-day moving average is $100.74. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.89 and a quick ratio of 0.68. Coca-Cola Europacific Partners has a 52 week low of $84.65 and a 52 week high of $116.01.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. began coverage on shares of Coca-Cola Europacific Partners in a research report on Friday, September 4th. They issued an “underweight” rating and a $92.00 price objective for the company. UBS Group reiterated a “neutral” rating and set a $107.00 target price (down from $109.00) on shares of Coca-Cola Europacific Partners in a research report on Monday, October 5th. Weiss Ratings raised shares of Coca-Cola Europacific Partners from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, October 15th. Sanford C. Bernstein reissued a “market perform” rating and set a $106.00 price target on shares of Coca-Cola Europacific Partners in a research note on Wednesday, August 5th. Finally, Wells Fargo & Company lowered their price target on shares of Coca-Cola Europacific Partners from $120.00 to $115.00 and set an “overweight” rating for the company in a report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and an average price target of $107.11.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners plc (NASDAQ: CCEP) is a consumer beverage company and one of the world’s largest Coca-Cola bottlers. The company manufactures, distributes and sells a broad portfolio of branded beverages, including Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Fuze Tea, Powerade, Monster Energy and Costa Coffee products, depending on the market.

CCEP serves customers across Europe and the Asia-Pacific region. Its territories include Great Britain, France, Germany, Spain, Portugal, Belgium, the Netherlands, Norway, Sweden and Iceland, as well as Australia, New Zealand, Indonesia, Papua New Guinea and several Pacific island markets.