NBC Securities Inc. Sells 582 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

NBC Securities Inc. lessened its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 43.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 744 shares of the company’s stock after selling 582 shares during the period. NBC Securities Inc.’s holdings in Coca-Cola Europacific Partners were worth $52,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC bought a new stake in Coca-Cola Europacific Partners during the fourth quarter worth about $28,000. Voisard Asset Management Group Inc. purchased a new position in shares of Coca-Cola Europacific Partners during the fourth quarter valued at approximately $33,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of Coca-Cola Europacific Partners by 220.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the company’s stock worth $34,000 after purchasing an additional 352 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of Coca-Cola Europacific Partners by 24.1% in the 4th quarter. Global Retirement Partners LLC now owns 799 shares of the company’s stock worth $54,000 after buying an additional 155 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. purchased a new position in Coca-Cola Europacific Partners during the fourth quarter valued at $61,000. 31.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Barclays increased their target price on Coca-Cola Europacific Partners from $78.00 to $84.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 14th. Argus raised their price objective on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. StockNews.com downgraded shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Sunday, May 19th. Finally, UBS Group upped their price objective on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, February 26th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $76.44.

Coca-Cola Europacific Partners Stock Up 1.5 %

NASDAQ CCEP opened at $75.97 on Tuesday. Coca-Cola Europacific Partners PLC has a 1-year low of $56.28 and a 1-year high of $76.08. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.72. The business’s fifty day moving average price is $72.65 and its 200-day moving average price is $69.65.

Coca-Cola Europacific Partners Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, May 23rd. Shareholders of record on Friday, May 10th were issued a $0.79 dividend. This represents a yield of 5.6%. The ex-dividend date was Thursday, May 9th.

Coca-Cola Europacific Partners 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.