Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Acquired by FCG Investment Co

FCG Investment Co boosted its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 10.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,649 shares of the company’s stock after acquiring an additional 526 shares during the period. FCG Investment Co’s holdings in Coca-Cola Europacific Partners were worth $434,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB grew its stake in shares of 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 valued at $33,000 after acquiring an additional 197 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Coca-Cola Europacific Partners by 38.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock valued at $40,000 after purchasing an additional 139 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in Coca-Cola Europacific Partners during the 3rd quarter worth approximately $50,000. Brown Brothers Harriman & Co. raised its position in shares of Coca-Cola Europacific Partners by 1,604.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock valued at $67,000 after purchasing an additional 802 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Coca-Cola Europacific Partners by 21.5% in the 3rd quarter. Blue Trust Inc. now owns 1,023 shares of the company’s stock valued at $75,000 after purchasing an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Analyst Ratings Changes

CCEP has been the subject of a number of research analyst reports. 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 research note on Wednesday, November 6th. Sanford C. Bernstein initiated coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 target price for the company. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Citigroup raised Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, Barclays reduced their target price 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. Four research 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $84.11.

Coca-Cola Europacific Partners Stock Down 1.0 %

Shares of Coca-Cola Europacific Partners stock opened at $76.31 on Friday. Coca-Cola Europacific Partners PLC has a twelve month low of $65.77 and a twelve month high of $82.32. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12. The business’s 50 day simple moving average is $76.83 and its 200-day simple moving average is $76.97.

Coca-Cola Europacific Partners Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th were given a $1.34 dividend. The ex-dividend date of this dividend 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 yield of 2.6%.

Coca-Cola Europacific Partners 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.