Coca-Cola Europacific Partners PLC (CCEP) To Go Ex-Dividend on May 16th

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) announced a semi-annual dividend on Wednesday, April 30th, Wall Street Journal reports. Investors of record on Friday, May 16th will be given a dividend of 0.8993 per share on Tuesday, May 27th. This represents a yield of 2.4%. The ex-dividend date of this dividend is Friday, May 16th.

Coca-Cola Europacific Partners has raised its dividend payment by an average of 8.9% per year over the last three years. Coca-Cola Europacific Partners has a dividend payout ratio of 49.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Coca-Cola Europacific Partners to earn $4.72 per share next year, which means the company should continue to be able to cover its $2.58 annual dividend with an expected future payout ratio of 54.7%.

Coca-Cola Europacific Partners Trading Down 1.3 %

Shares of Coca-Cola Europacific Partners stock opened at $89.54 on Friday. The company has a 50-day moving average of $86.07 and a two-hundred day moving average of $80.77. The stock has a market cap of $41.27 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners has a 12-month low of $70.82 and a 12-month high of $91.29.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CCEP shares. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. Barclays boosted their price objective on shares of Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the stock an “overweight” rating in a research report on Thursday. Evercore ISI lifted their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Finally, UBS Group increased their price target on shares of Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and a consensus price target of $88.50.

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.