Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 0.1% in the fourth quarter, Holdings Channel reports. The firm owned 2,008,727 shares of the company’s stock after acquiring an additional 2,305 shares during the period. Vanguard Group Inc.’s holdings in Coca-Cola Europacific Partners were worth $134,062,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 12.9% in the fourth quarter. NBC Securities Inc. now owns 1,326 shares of the company’s stock valued at $88,000 after acquiring an additional 152 shares during the period. Global Retirement Partners LLC grew its position in Coca-Cola Europacific Partners by 24.1% during the 4th quarter. Global Retirement Partners LLC now owns 799 shares of the company’s stock worth $54,000 after purchasing an additional 155 shares during the last quarter. New York Life Investment Management LLC increased its stake in Coca-Cola Europacific Partners by 4.0% in the fourth quarter. New York Life Investment Management LLC now owns 4,096 shares of the company’s stock valued at $273,000 after purchasing an additional 158 shares during the period. Verdence Capital Advisors LLC raised its holdings in shares of Coca-Cola Europacific Partners by 2.6% in the fourth quarter. Verdence Capital Advisors LLC now owns 8,945 shares of the company’s stock valued at $597,000 after buying an additional 230 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Coca-Cola Europacific Partners by 11.4% during the fourth quarter. Parallel Advisors LLC now owns 2,875 shares of the company’s stock worth $192,000 after buying an additional 295 shares during the period. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on CCEP shares. Deutsche Bank Aktiengesellschaft upped their price objective on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. StockNews.com cut Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research note on Sunday, May 19th. Argus lifted 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 report on Tuesday, March 19th. Finally, Barclays upped their price objective on shares of Coca-Cola Europacific Partners from $78.00 to $84.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and an average price target of $76.44.

Coca-Cola Europacific Partners Trading Up 1.2 %

Shares of CCEP stock opened at $73.59 on Friday. Coca-Cola Europacific Partners PLC has a 1-year low of $56.28 and a 1-year high of $76.44. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 1.27. The business’s fifty day moving average price is $73.47 and its 200 day moving average price is $70.07.

Coca-Cola Europacific Partners Cuts Dividend

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

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.