Vise Technologies Inc. Purchases Shares of 7,296 Coca-Cola Europacific Partners $CCEP

Vise Technologies Inc. acquired a new position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 7,296 shares of the company’s stock, valued at approximately $676,000.

Several other large investors have also recently added to or reduced their stakes in the business. Assetmark Inc. raised its stake in Coca-Cola Europacific Partners by 107.3% during the 1st quarter. Assetmark Inc. now owns 284 shares of the company’s stock valued at $25,000 after acquiring an additional 147 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of Coca-Cola Europacific Partners by 204.2% during the first quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company’s stock valued at $32,000 after purchasing an additional 245 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in Coca-Cola Europacific Partners by 61.3% in the second quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $34,000 after purchasing an additional 138 shares during the period. Motco increased its stake in Coca-Cola Europacific Partners by 285.7% during the 1st quarter. Motco now owns 405 shares of the company’s stock valued at $35,000 after buying an additional 300 shares during the period. Finally, Quarry LP increased its stake in Coca-Cola Europacific Partners by 115.8% during the 1st quarter. Quarry LP now owns 436 shares of the company’s stock valued at $38,000 after buying an additional 234 shares during the period. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Barclays lowered 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 note on Friday, August 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, October 30th. Finally, Morgan Stanley cut shares of Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 7th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners has a consensus rating of “Hold” and an average price target of $92.40.

Coca-Cola Europacific Partners Stock Down 1.8%

CCEP stock opened at $91.65 on Friday. The company’s 50 day simple moving average is $89.63 and its 200-day simple moving average is $91.40. 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 current ratio of 0.83 and a quick ratio of 0.65. The firm has a market capitalization of $42.25 billion, a P/E ratio of 17.34, a P/E/G ratio of 2.54 and a beta of 0.74.

Coca-Cola Europacific Partners Dividend Announcement

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

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.