Callan Capital LLC Acquires Shares of 3,063 Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Callan Capital LLC acquired a new stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,063 shares of the company’s stock, valued at approximately $214,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth $28,000. Voisard Asset Management Group Inc. purchased a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth $33,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of Coca-Cola Europacific Partners by 220.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the company’s stock worth $34,000 after acquiring an additional 352 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Coca-Cola Europacific Partners during the first quarter worth $42,000. Finally, Global Retirement Partners LLC lifted its position in shares of Coca-Cola Europacific Partners by 24.1% during the fourth quarter. Global Retirement Partners LLC now owns 799 shares of the company’s stock worth $54,000 after acquiring an additional 155 shares in the last quarter. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Price Performance

Shares of Coca-Cola Europacific Partners stock traded up $0.56 during trading on Wednesday, hitting $72.78. 997,468 shares of the company’s stock traded hands, compared to its average volume of 1,416,433. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27. The business has a 50-day simple moving average of $73.60 and a 200-day simple moving average of $70.33. Coca-Cola Europacific Partners PLC has a 1 year low of $56.28 and a 1 year high of $76.44.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, May 23rd. Stockholders of record on Friday, May 10th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a dividend yield of 5.6%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CCEP shares. Deutsche Bank Aktiengesellschaft increased their price objective on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Barclays increased their price objective on Coca-Cola Europacific Partners from $78.00 to $84.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 14th. Bank of America increased their price objective on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday. Argus raised their price target on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Finally, StockNews.com downgraded Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Sunday, May 19th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.00.

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.