Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock to Pay Dividend of €1.42

Coca-Cola Europacific Partners (NASDAQ:CCEP) announced a dividend on Tuesday, November 3rd. Shareholders of record on Friday, November 20th will be paid a dividend of €1.42 per share on Thursday, December 3rd. This represents a yield of 286.0%. The ex-dividend date of this dividend is Friday, November 20th.

Coca-Cola Europacific Partners has raised its dividend by an average of 0.2% per year over the last three years. Coca-Cola Europacific Partners has a payout ratio of 24.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Coca-Cola Europacific Partners to earn $5.47 per share next year, which means the company should continue to be able to cover its $1.25 annual dividend with an expected future payout ratio of 22.9%.

Coca-Cola Europacific Partners Stock Performance

Shares of Coca-Cola Europacific Partners stock opened at $111.56 on Wednesday. Coca-Cola Europacific Partners has a 12-month low of $84.65 and a 12-month high of $116.01. The company has a quick ratio of 0.68, a current ratio of 0.89 and a debt-to-equity ratio of 1.20. The stock has a 50 day moving average price of $106.23 and a two-hundred day moving average price of $100.86.

Institutional Trading of Coca-Cola Europacific Partners

Large investors have recently bought and sold shares of the stock. Amundi raised its position in Coca-Cola Europacific Partners by 13.4% in the 1st quarter. Amundi now owns 3,399,052 shares of the company’s stock valued at $308,192,000 after buying an additional 401,683 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Coca-Cola Europacific Partners by 0.6% in the first quarter. Bank of America Corp DE now owns 2,692,575 shares of the company’s stock valued at $244,136,000 after purchasing an additional 17,036 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 14.5% in the first quarter. Bessemer Group Inc. now owns 2,289,254 shares of the company’s stock valued at $207,568,000 after purchasing an additional 289,080 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Coca-Cola Europacific Partners in the first quarter valued at approximately $97,058,000. Finally, Swiss National Bank lifted its position in shares of Coca-Cola Europacific Partners by 26.9% in the first quarter. Swiss National Bank now owns 719,614 shares of the company’s stock worth $65,247,000 after purchasing an additional 152,400 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners plc (NASDAQ: CCEP) is a consumer beverage company and one of the world’s largest Coca-Cola bottlers. The company manufactures, distributes and sells a broad portfolio of branded beverages, including Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Fuze Tea, Powerade, Monster Energy and Costa Coffee products, depending on the market.

CCEP serves customers across Europe and the Asia-Pacific region. Its territories include Great Britain, France, Germany, Spain, Portugal, Belgium, the Netherlands, Norway, Sweden and Iceland, as well as Australia, New Zealand, Indonesia, Papua New Guinea and several Pacific island markets.