Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by Independent Advisor Alliance

Independent Advisor Alliance lessened its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEPFree Report) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,502 shares of the company’s stock after selling 788 shares during the quarter. Independent Advisor Alliance’s holdings in Coca-Cola Europacific Partners were worth $1,101,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Yousif Capital Management LLC acquired a new stake in Coca-Cola Europacific Partners during the third quarter valued at $571,000. M&T Bank Corp raised its holdings in Coca-Cola Europacific Partners by 3.9% in the 3rd quarter. M&T Bank Corp now owns 10,469 shares of the company’s stock worth $654,000 after purchasing an additional 393 shares during the period. FDx Advisors Inc. purchased a new position in Coca-Cola Europacific Partners during the third quarter worth approximately $284,000. Principal Financial Group Inc. grew its holdings in Coca-Cola Europacific Partners by 8.6% in the third quarter. Principal Financial Group Inc. now owns 28,312 shares of the company’s stock valued at $1,769,000 after purchasing an additional 2,253 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of Coca-Cola Europacific Partners by 3.5% during the 3rd quarter. California Public Employees Retirement System now owns 409,855 shares of the company’s stock worth $25,608,000 after buying an additional 13,937 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. StockNews.com cut shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Sunday. Barclays raised their price target on shares of Coca-Cola Europacific Partners from $78.00 to $84.00 and gave the company an “overweight” rating in a research note on Tuesday, May 14th. Argus lifted their price objective on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft lifted their price target on 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. Finally, UBS Group increased their target price on shares of 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 research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.44.

View Our Latest Stock Report on CCEP

Coca-Cola Europacific Partners Price Performance

Shares of CCEP opened at $74.51 on Monday. The firm has a 50-day simple moving average of $70.75 and a two-hundred day simple moving average of $67.33. Coca-Cola Europacific Partners PLC has a 1-year low of $56.28 and a 1-year high of $75.43. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27.

Coca-Cola Europacific Partners (NASDAQ:CCEPGet Free Report) last released its quarterly earnings results on Friday, February 23rd. The company reported $1.85 EPS for the quarter, hitting analysts’ consensus estimates of $1.85. On average, analysts anticipate that Coca-Cola Europacific Partners PLC will post 4.15 EPS for the current year.

Coca-Cola Europacific Partners Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, May 23rd. Stockholders of record on Friday, May 10th will be paid a $0.79 dividend. This represents a dividend yield of 5.6%. The ex-dividend date is Thursday, May 9th.

Coca-Cola Europacific Partners Company Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Coca-Cola Europacific Partners (NASDAQ:CCEP)

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