BKM Wealth Management LLC Purchases 1,720 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

BKM Wealth Management LLC lifted its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 31.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,152 shares of the company’s stock after purchasing an additional 1,720 shares during the quarter. BKM Wealth Management LLC’s holdings in Coca-Cola Europacific Partners were worth $500,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CCEP. NBC Securities Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 12.9% in the fourth quarter. NBC Securities Inc. now owns 1,326 shares of the company’s stock valued at $88,000 after purchasing an additional 152 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 24.1% in the fourth quarter. Global Retirement Partners LLC now owns 799 shares of the company’s stock valued at $54,000 after purchasing an additional 155 shares during the period. New York Life Investment Management LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 4.0% in the fourth quarter. New York Life Investment Management LLC now owns 4,096 shares of the company’s stock valued at $273,000 after purchasing an additional 158 shares during the period. Verdence Capital Advisors LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 2.6% in the fourth quarter. Verdence Capital Advisors LLC now owns 8,945 shares of the company’s stock valued at $597,000 after purchasing an additional 230 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 11.4% in the fourth quarter. Parallel Advisors LLC now owns 2,875 shares of the company’s stock valued at $192,000 after purchasing an additional 295 shares during the period. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Trading Up 0.2 %

Shares of CCEP opened at $73.03 on Tuesday. Coca-Cola Europacific Partners PLC has a 12 month low of $56.28 and a 12 month high of $76.44. The stock has a fifty day moving average price of $73.24 and a 200-day moving average price of $69.93. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27.

Coca-Cola Europacific Partners Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Thursday, May 23rd. Stockholders of record on Friday, May 10th were issued 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 Analyst Weigh In

A number of brokerages recently issued reports on CCEP. StockNews.com lowered Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a report on Sunday, May 19th. Barclays upped their target price on Coca-Cola Europacific Partners from $78.00 to $84.00 and gave the stock an “overweight” rating in a report on Tuesday, May 14th. Deutsche Bank Aktiengesellschaft upped their target price on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, Argus upped their target price on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $76.44.

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.