Cetera Investment Advisers Buys 3,435 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Cetera Investment Advisers grew its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,339 shares of the company's stock after acquiring an additional 3,435 shares during the quarter. Cetera Investment Advisers' holdings in Coca-Cola Europacific Partners were worth $2,407,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Cibc World Markets Corp raised its stake in Coca-Cola Europacific Partners by 1.4% during the fourth quarter. Cibc World Markets Corp now owns 10,200 shares of the company's stock worth $783,000 after acquiring an additional 139 shares in the last quarter. TIAA Trust National Association raised its stake in Coca-Cola Europacific Partners by 4.4% during the fourth quarter. TIAA Trust National Association now owns 3,420 shares of the company's stock worth $263,000 after acquiring an additional 145 shares in the last quarter. Moody Lynn & Lieberson LLC raised its stake in Coca-Cola Europacific Partners by 5.0% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company's stock worth $242,000 after acquiring an additional 150 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Coca-Cola Europacific Partners by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 53,142 shares of the company's stock worth $4,087,000 after acquiring an additional 155 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Coca-Cola Europacific Partners by 16.2% during the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company's stock worth $94,000 after acquiring an additional 166 shares in the last quarter. Institutional investors own 31.35% of the company's stock.

Analyst Upgrades and Downgrades

CCEP has been the subject of several recent research reports. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. Evercore ISI increased their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. UBS Group increased their target price 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, April 30th. Finally, Barclays increased their target price on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Coca-Cola Europacific Partners currently has an average rating of "Moderate Buy" and an average target price of $88.50.

Coca-Cola Europacific Partners Price Performance

CCEP stock traded up $0.86 during mid-day trading on Friday, reaching $89.45. 1,387,734 shares of the company traded hands, compared to its average volume of 1,745,837. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. The company has a market capitalization of $41.23 billion, a P/E ratio of 18.41, a P/E/G ratio of 4.89 and a beta of 0.77. Coca-Cola Europacific Partners PLC has a 52-week low of $70.82 and a 52-week high of $91.37. The company has a fifty day moving average price of $87.45 and a 200-day moving average price of $82.12.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.8993 per share. This represents a yield of 2.4%. The ex-dividend date is Friday, May 16th. Coca-Cola Europacific Partners's payout ratio is presently 16.26%.

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.