Legacy Wealth Asset Management LLC Has $2.25 Million Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Legacy Wealth Asset Management LLC lessened its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,259 shares of the company’s stock after selling 259 shares during the quarter. Coca-Cola Europacific Partners makes up 0.6% of Legacy Wealth Asset Management LLC’s holdings, making the stock its 29th biggest holding. Legacy Wealth Asset Management LLC’s holdings in Coca-Cola Europacific Partners were worth $2,247,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its position in Coca-Cola Europacific Partners by 1.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company’s stock worth $217,191,000 after acquiring an additional 32,776 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Coca-Cola Europacific Partners by 307.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock worth $191,984,000 after purchasing an additional 1,839,321 shares during the last quarter. Geode Capital Management LLC raised its holdings in Coca-Cola Europacific Partners by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock valued at $160,138,000 after buying an additional 58,247 shares during the last quarter. Samlyn Capital LLC boosted its position in Coca-Cola Europacific Partners by 23.2% during the 2nd quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company’s stock worth $135,155,000 after buying an additional 349,466 shares during the period. Finally, Millennium Management LLC grew its holdings in Coca-Cola Europacific Partners by 7.6% during the 2nd quarter. Millennium Management LLC now owns 1,636,023 shares of the company’s stock worth $119,217,000 after acquiring an additional 115,604 shares during the last quarter. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Up 0.4 %

NASDAQ:CCEP opened at $75.96 on Friday. The firm has a fifty day simple moving average of $76.87 and a two-hundred day simple moving average of $76.85. Coca-Cola Europacific Partners PLC has a 12 month low of $65.74 and a 12 month high of $82.32. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85.

Coca-Cola Europacific Partners Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Evercore ISI lifted their price target 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. UBS Group lifted their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price objective for the company. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. Finally, Citigroup upgraded shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and a consensus target price of $84.44.

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.