Coca-Cola Europacific Partners (CCEP) to Distribute Dividend of €1.42 on December 3rd

Coca-Cola Europacific Partners (NASDAQ:CCEP) declared a dividend on Tuesday, November 3rd. Investors 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 is Friday, November 20th.

Coca-Cola Europacific Partners has increased its dividend payment by an average of 0.2% annually over the last three years. Coca-Cola Europacific Partners has a dividend 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

Coca-Cola Europacific Partners stock opened at $115.84 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.68 and a debt-to-equity ratio of 1.20. The business’s 50-day simple moving average is $106.35 and its two-hundred day simple moving average is $100.99. Coca-Cola Europacific Partners has a fifty-two week low of $84.65 and a fifty-two week high of $116.92.

Key Coca-Cola Europacific Partners News

Here are the key news stories impacting Coca-Cola Europacific Partners this week:

• Positive Sentiment: CCEP exceeded third-quarter revenue expectations as volumes rose, and it kept its full-year guidance unchanged. This points to continued demand, although the unchanged outlook may limit the significance of the results. CCEP beats Q3 revenue forecasts, guidance unchanged
• Positive Sentiment: Wells Fargo raised its price target from $115 to $120 and reiterated an “overweight” rating, signaling modest upside from the cited share price. Wells Fargo price-target update
• Positive Sentiment: UBS also lifted its target, from $107 to $115, though it retained a “neutral” rating; its revised target is slightly below the cited share price. UBS analyst recommendations
• Neutral Sentiment: The company declared a €1.42-per-share dividend, payable December 3 to shareholders of record November 20. This may appeal to income-focused investors but is not a change to operating performance.
• Negative Sentiment: Management flagged cost pressures. While it maintained its full-year outlook, rising costs could weigh on margins if they intensify. Reuters report on cost pressures and outlook

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.