DGS Capital Management LLC Lowers Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

DGS Capital Management LLC lowered its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 7.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,689 shares of the company’s stock after selling 276 shares during the quarter. DGS Capital Management LLC’s holdings in Coca-Cola Europacific Partners were worth $291,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in Coca-Cola Europacific Partners by 0.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 46,994 shares of the company’s stock valued at $3,424,000 after buying an additional 186 shares in the last quarter. Raymond James & Associates boosted its position in shares of Coca-Cola Europacific Partners by 10.4% during the second quarter. Raymond James & Associates now owns 217,161 shares of the company’s stock worth $15,825,000 after acquiring an additional 20,443 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Coca-Cola Europacific Partners by 8.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 13,202 shares of the company’s stock valued at $962,000 after acquiring an additional 996 shares during the last quarter. &PARTNERS lifted its stake in Coca-Cola Europacific Partners by 175.7% in the 2nd quarter. &PARTNERS now owns 8,138 shares of the company’s stock worth $593,000 after purchasing an additional 5,186 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its position in shares of Coca-Cola Europacific Partners by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 36,500 shares of the company’s stock valued at $2,660,000 after purchasing an additional 700 shares in the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ CCEP opened at $78.86 on Friday. Coca-Cola Europacific Partners PLC has a fifty-two week low of $63.80 and a fifty-two week high of $82.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. The business has a 50-day simple moving average of $77.46 and a two-hundred day simple moving average of $76.50.

Coca-Cola Europacific Partners Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were paid a $1.34 dividend. This is a positive change from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. The ex-dividend date was Friday, November 15th. This represents a yield of 2.6%.

Wall Street Analyst Weigh In

CCEP has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upped their price target on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 9th. BNP Paribas lowered Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price on the stock. in a research note on Tuesday, September 10th. Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 target price for the company. Barclays raised their price target on shares of Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $84.44.

Coca-Cola Europacific Partners Company 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.