Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 120.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 433,121 shares of the company’s stock after purchasing an additional 236,917 shares during the quarter. SG Americas Securities LLC owned about 0.09% of Coca-Cola Europacific Partners worth $33,268,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CCEP. MassMutual Private Wealth & Trust FSB lifted its holdings in 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 acquiring an additional 197 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in 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 acquiring an additional 139 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in Coca-Cola Europacific Partners in the 3rd quarter valued at about $50,000. Brown Brothers Harriman & Co. lifted its holdings in 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 acquiring an additional 802 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in 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 acquiring an additional 181 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CCEP shares. Evercore ISI upped their price target on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. UBS Group boosted their price objective 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. Barclays cut their price objective 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. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. Finally, Sanford C. Bernstein initiated coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price objective on the stock. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.11.

Coca-Cola Europacific Partners Trading Down 0.7 %

NASDAQ:CCEP opened at $77.06 on Thursday. The stock’s 50 day moving average price is $76.85 and its 200 day moving average price is $76.97. Coca-Cola Europacific Partners PLC has a 52 week low of $65.77 and a 52 week 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 disclosed a semi-annual dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were issued a $1.34 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a yield of 2.6%. This is an increase from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79.

About Coca-Cola Europacific Partners

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.