Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by Gradient Investments LLC

Gradient Investments LLC lowered its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 8.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,880 shares of the company’s stock after selling 623 shares during the quarter. Gradient Investments LLC’s holdings in Coca-Cola Europacific Partners were worth $528,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. World Investment Advisors LLC acquired a new position in shares of Coca-Cola Europacific Partners during the third quarter valued at $6,975,000. Diversified Trust Co acquired a new position in Coca-Cola Europacific Partners during the 3rd quarter valued at about $2,513,000. Transform Wealth LLC grew its position in Coca-Cola Europacific Partners by 7.7% in the 4th quarter. Transform Wealth LLC now owns 138,691 shares of the company’s stock worth $10,653,000 after purchasing an additional 9,864 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Coca-Cola Europacific Partners in the second quarter valued at approximately $1,846,000. Finally, Vontobel Holding Ltd. raised its holdings in shares of Coca-Cola Europacific Partners by 2,575.0% during the third quarter. Vontobel Holding Ltd. now owns 256,029 shares of the company’s stock valued at $20,244,000 after buying an additional 246,458 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CCEP shares. Citigroup raised Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Barclays lowered their price target on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Evercore ISI upped their price objective on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, UBS Group upped their price target on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $84.11.

Coca-Cola Europacific Partners Stock Up 0.6 %

CCEP stock opened at $76.78 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. Coca-Cola Europacific Partners PLC has a 12 month low of $65.77 and a 12 month high of $82.32. The firm has a 50 day simple moving average of $76.80 and a 200 day simple moving average of $76.99.

Coca-Cola Europacific Partners Increases Dividend

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

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.