Cetera Investment Advisers Grows Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Cetera Investment Advisers boosted its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 12.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,339 shares of the company's stock after purchasing 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 filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its holdings in shares of Coca-Cola Europacific Partners by 1.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 19,851 shares of the company's stock valued at $1,525,000 after acquiring an additional 260 shares during the period. Park Avenue Securities LLC increased its holdings in shares of Coca-Cola Europacific Partners by 16.4% in the 4th quarter. Park Avenue Securities LLC now owns 18,056 shares of the company's stock valued at $1,387,000 after acquiring an additional 2,548 shares during the period. HB Wealth Management LLC increased its holdings in shares of Coca-Cola Europacific Partners by 7.0% in the 4th quarter. HB Wealth Management LLC now owns 3,690 shares of the company's stock valued at $283,000 after acquiring an additional 243 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Coca-Cola Europacific Partners by 85.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock valued at $33,000 after acquiring an additional 197 shares during the period. Finally, Transform Wealth LLC increased its holdings in shares of Coca-Cola Europacific Partners by 7.7% in the 4th quarter. Transform Wealth LLC now owns 138,691 shares of the company's stock valued at $10,653,000 after acquiring an additional 9,864 shares during the period. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP opened at $88.30 on Monday. The stock has a 50-day moving average of $86.94 and a two-hundred day moving average of $81.72. Coca-Cola Europacific Partners PLC has a one year low of $70.82 and a one year high of $91.37. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. The stock has a market cap of $40.70 billion, a P/E ratio of 18.17, a P/E/G ratio of 4.89 and a beta of 0.77.

Coca-Cola Europacific Partners Cuts Dividend

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

Analyst Ratings Changes

CCEP has been the topic of a number of analyst reports. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. Barclays raised their price objective on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. UBS Group raised their price objective on Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Finally, Evercore ISI raised their price objective on 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. One equities research analyst has rated the stock with a sell rating, four have issued 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $88.50.

Coca-Cola Europacific Partners Company Profile

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.

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