Savant Capital LLC Acquires 2,808 Shares of Coca-Cola Europacific Partners $CCEP

Savant Capital LLC lifted its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 39.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 9,962 shares of the company’s stock after acquiring an additional 2,808 shares during the quarter. Savant Capital LLC’s holdings in Coca-Cola Europacific Partners were worth $924,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Bleakley Financial Group LLC raised its stake in Coca-Cola Europacific Partners by 2.0% in the first quarter. Bleakley Financial Group LLC now owns 11,326 shares of the company’s stock worth $986,000 after buying an additional 222 shares in the last quarter. Apollon Wealth Management LLC boosted its position in Coca-Cola Europacific Partners by 23.5% during the 1st quarter. Apollon Wealth Management LLC now owns 3,595 shares of the company’s stock valued at $313,000 after acquiring an additional 684 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in shares of Coca-Cola Europacific Partners by 204.2% in the 1st quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company’s stock valued at $32,000 after acquiring an additional 245 shares during the period. Private Advisor Group LLC bought a new position in shares of Coca-Cola Europacific Partners in the 1st quarter worth $215,000. Finally, Csenge Advisory Group bought a new position in shares of Coca-Cola Europacific Partners in the 1st quarter worth $228,000. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

CCEP opened at $91.65 on Friday. The company has a market cap of $42.25 billion, a P/E ratio of 17.34, a price-to-earnings-growth ratio of 2.54 and a beta of 0.74. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 1.15. The firm’s 50-day moving average price is $89.63 and its 200-day moving average price is $91.40. Coca-Cola Europacific Partners has a 52-week low of $73.40 and a 52-week high of $100.67.

Coca-Cola Europacific Partners Dividend Announcement

The business also recently declared a dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Friday, November 14th will be paid a dividend of $1.25 per share. The ex-dividend date is Friday, November 14th. This represents a yield of 273.0%.

Wall Street Analysts Forecast Growth

CCEP has been the topic of several analyst reports. Morgan Stanley lowered Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 7th. Barclays cut their price objective on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Friday, August 8th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $92.40.

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.