Cresset Asset Management LLC Has $400,000 Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Cresset Asset Management LLC reduced its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 85.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,212 shares of the company’s stock after selling 31,223 shares during the period. Cresset Asset Management LLC’s holdings in Coca-Cola Europacific Partners were worth $400,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter valued at $27,000. Optiver Holding B.V. acquired a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter valued at $29,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Coca-Cola Europacific Partners by 85.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock valued at $33,000 after buying an additional 197 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter valued at $34,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter valued at $52,000. 31.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Kepler Capital Markets cut Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Barclays lifted their price objective on Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. UBS Group lifted their price objective on Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Finally, Evercore ISI lifted their price objective on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and an average price target of $88.50.

Coca-Cola Europacific Partners Stock Up 1.4%

NASDAQ:CCEP opened at $87.81 on Friday. Coca-Cola Europacific Partners PLC has a 1 year low of $70.82 and a 1 year high of $91.37. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The stock has a market cap of $40.48 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 4.89 and a beta of 0.77. The stock has a 50-day moving average price of $86.84 and a two-hundred day moving average price of $81.57.

Coca-Cola Europacific Partners Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be issued a $0.8993 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a dividend yield of 2.4%. Coca-Cola Europacific Partners’s dividend payout ratio (DPR) is 16.26%.

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.