Coca-Cola Europacific Partners (LON:CCEP) Shares Down 1.7% – Here’s What Happened

Coca-Cola Europacific Partners PLC (LON:CCEP)’s stock price was down 1.7% during mid-day trading on Tuesday . The company traded as low as GBX 6,160 ($77.44) and last traded at GBX 6,176.35 ($77.64). Approximately 54,092 shares changed hands during trading, an increase of 1,431% from the average daily volume of 3,532 shares. The stock had previously closed at GBX 6,280 ($78.94).

Coca-Cola Europacific Partners Price Performance

The stock’s 50 day moving average is GBX 3,090.30 and its two-hundred day moving average is GBX 1,132.89. The company has a debt-to-equity ratio of 137.04, a current ratio of 0.85 and a quick ratio of 0.66. The stock has a market capitalization of £28.47 billion, a PE ratio of 1,764.67, a price-to-earnings-growth ratio of 1.94 and a beta of 0.75.

Coca-Cola Europacific Partners Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, December 3rd. Investors of record on Thursday, November 14th will be paid a dividend of €1.23 ($1.29) per share. This represents a dividend yield of 1.72%. This is a positive change from Coca-Cola Europacific Partners’s previous dividend of $0.74. The ex-dividend date is Thursday, November 14th. Coca-Cola Europacific Partners’s dividend payout ratio is presently 5,457.14%.

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.