Independent Advisor Alliance Trims Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Independent Advisor Alliance lowered its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEPFree Report) by 2.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,293 shares of the company’s stock after selling 300 shares during the quarter. Independent Advisor Alliance’s holdings in Coca-Cola Europacific Partners were worth $968,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. purchased a new stake in Coca-Cola Europacific Partners in the first quarter valued at $36,000. New Millennium Group LLC purchased a new stake in Coca-Cola Europacific Partners in the second quarter valued at $37,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 38.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock valued at $40,000 after buying an additional 139 shares during the period. Mather Group LLC. raised its holdings in shares of Coca-Cola Europacific Partners by 142.0% in the 2nd quarter. Mather Group LLC. now owns 668 shares of the company’s stock valued at $47,000 after buying an additional 392 shares during the period. Finally, Plato Investment Management Ltd purchased a new stake in shares of Coca-Cola Europacific Partners in the 3rd quarter valued at $50,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 9th. Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Evercore ISI boosted 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. BNP Paribas downgraded Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. downgraded Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $85.00 to $82.00 in a report on Wednesday. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $81.78.

Get Our Latest Report on CCEP

Coca-Cola Europacific Partners Stock Down 0.4 %

NASDAQ:CCEP opened at $77.63 on Thursday. The stock has a 50-day simple moving average of $77.67 and a 200-day simple moving average of $76.17. Coca-Cola Europacific Partners PLC has a 1 year low of $59.31 and a 1 year high of $82.32. 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 will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be given a dividend of $1.34 per share. This is a boost from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. This represents a dividend yield of 2.6%. The ex-dividend date is Friday, November 15th.

Coca-Cola Europacific Partners Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Coca-Cola Europacific Partners (NASDAQ:CCEP)

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