Waverly Advisors LLC reduced its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 18.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,067 shares of the company's stock after selling 2,797 shares during the quarter. Waverly Advisors LLC's holdings in Coca-Cola Europacific Partners were worth $927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of CCEP. Assenagon Asset Management S.A. grew its position in Coca-Cola Europacific Partners by 1.3% during the fourth 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 last quarter. HB Wealth Management LLC boosted its holdings in Coca-Cola Europacific Partners by 7.0% in the fourth 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 in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Coca-Cola Europacific Partners by 85.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock valued at $33,000 after buying an additional 197 shares during the period. FCG Investment Co lifted its position in Coca-Cola Europacific Partners by 10.3% during the fourth quarter. FCG Investment Co now owns 5,649 shares of the company's stock valued at $434,000 after buying an additional 526 shares during the period. Finally, Cyndeo Wealth Partners LLC lifted its position in Coca-Cola Europacific Partners by 3.7% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 121,706 shares of the company's stock valued at $9,348,000 after buying an additional 4,314 shares during the period. 31.35% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. Evercore ISI lifted their price target 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. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. UBS Group lifted their price objective on Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Finally, Barclays boosted their price target on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $88.50.
Get Our Latest Stock Analysis on CCEP
Coca-Cola Europacific Partners Stock Performance
Shares of NASDAQ:CCEP traded up $0.25 during mid-day trading on Thursday, reaching $89.67. 385,437 shares of the company traded hands, compared to its average volume of 1,752,725. The company's 50 day moving average price is $87.68 and its 200-day moving average price is $82.33. The firm has a market cap of $41.33 billion, a PE ratio of 18.45, a PEG ratio of 4.89 and a beta of 0.77. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. Coca-Cola Europacific Partners PLC has a 52 week low of $70.82 and a 52 week high of $91.37.
Coca-Cola Europacific Partners Cuts Dividend
The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were paid a dividend of $0.8993 per share. The ex-dividend date was Friday, May 16th. This represents a dividend yield of 2.4%. Coca-Cola Europacific Partners's dividend payout ratio (DPR) is presently 16.26%.
Coca-Cola Europacific Partners Company Profile
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Free Report)
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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