Transform Wealth LLC Purchases 9,864 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Transform Wealth LLC grew its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 7.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 138,691 shares of the company’s stock after buying an additional 9,864 shares during the quarter. Transform Wealth LLC’s holdings in Coca-Cola Europacific Partners were worth $10,653,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CCEP. MassMutual Private Wealth & Trust FSB lifted its stake 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 worth $33,000 after purchasing an additional 197 shares during the last quarter. HB Wealth Management LLC raised its holdings in shares of Coca-Cola Europacific Partners by 7.0% during the 4th quarter. HB Wealth Management LLC now owns 3,690 shares of the company’s stock worth $283,000 after buying an additional 243 shares in the last quarter. Redhawk Wealth Advisors Inc. lifted its position in shares of Coca-Cola Europacific Partners by 39.9% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 6,423 shares of the company’s stock worth $493,000 after buying an additional 1,832 shares during the last quarter. Park Avenue Securities LLC boosted its stake in Coca-Cola Europacific Partners by 16.4% in the fourth quarter. Park Avenue Securities LLC now owns 18,056 shares of the company’s stock valued at $1,387,000 after buying an additional 2,548 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Coca-Cola Europacific Partners by 1.3% in 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. Institutional investors and hedge funds own 31.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CCEP shares. UBS Group raised their price target on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Citigroup upgraded shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. cut Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. Evercore ISI raised their price objective on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, Barclays dropped their target price on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.11.

Coca-Cola Europacific Partners Price Performance

NASDAQ:CCEP opened at $77.07 on Tuesday. Coca-Cola Europacific Partners PLC has a 52 week low of $65.74 and a 52 week high of $82.32. The firm’s fifty day moving average is $76.83 and its 200-day moving average is $76.95. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12.

Coca-Cola Europacific Partners Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were paid a $1.34 dividend. This represents a dividend yield of 2.6%. This is an increase from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. The ex-dividend date of this dividend was Friday, November 15th.

About Coca-Cola Europacific Partners

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.