Apollon Wealth Management LLC Sells 442 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Apollon Wealth Management LLC lowered its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 14.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,683 shares of the company’s stock after selling 442 shares during the quarter. Apollon Wealth Management LLC’s holdings in Coca-Cola Europacific Partners were worth $211,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CCEP. State of New Jersey Common Pension Fund D increased its holdings in shares of Coca-Cola Europacific Partners by 4.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 87,965 shares of the company’s stock worth $6,927,000 after purchasing an additional 3,500 shares during the period. Mitchell Mcleod Pugh & Williams Inc. acquired a new position in Coca-Cola Europacific Partners in the 3rd quarter valued at approximately $216,000. Legacy Capital Wealth Partners LLC lifted its position in shares of Coca-Cola Europacific Partners by 87.7% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 10,481 shares of the company’s stock worth $825,000 after acquiring an additional 4,898 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of Coca-Cola Europacific Partners by 3.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 74,088 shares of the company’s stock worth $5,834,000 after purchasing an additional 2,361 shares in the last quarter. Finally, National Pension Service increased its position in shares of Coca-Cola Europacific Partners by 7.9% during the third quarter. National Pension Service now owns 449,656 shares of the company’s stock valued at $35,410,000 after purchasing an additional 33,082 shares during the period. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Trading Up 0.4 %

Shares of CCEP opened at $76.03 on Tuesday. The stock’s fifty day simple moving average is $78.12 and its 200-day simple moving average is $75.97. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $34.73 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 3.64 and a beta of 0.90. Coca-Cola Europacific Partners PLC has a 12-month low of $59.31 and a 12-month high of $82.32.

Coca-Cola Europacific Partners Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be paid a $1.34 dividend. This represents a dividend yield of 2.6%. The ex-dividend date is Friday, November 15th. This is a positive change from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. Coca-Cola Europacific Partners’s dividend payout ratio (DPR) is 35.03%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CCEP. BNP Paribas cut Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price for the company. in a report on Tuesday, September 10th. Citigroup raised shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Evercore ISI raised their price target on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, Barclays boosted their price objective on 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. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.22.

About Coca-Cola Europacific Partners

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.