Ibex Wealth Advisors Buys New Shares in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Ibex Wealth Advisors bought a new position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEPFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 96,233 shares of the company’s stock, valued at approximately $7,392,000.

Other institutional investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Coca-Cola Europacific Partners by 85.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock valued at $33,000 after purchasing an additional 197 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake 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 buying an additional 139 shares during the last quarter. Plato Investment Management Ltd acquired a new position in Coca-Cola Europacific Partners in the 3rd quarter valued at about $50,000. Brown Brothers Harriman & Co. raised 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 period. Finally, Blue Trust Inc. lifted its position in Coca-Cola Europacific Partners by 21.5% during the third quarter. Blue Trust Inc. now owns 1,023 shares of the company’s stock worth $75,000 after acquiring an additional 181 shares during the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. lowered Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $85.00 to $82.00 in a research note on Wednesday, November 27th. UBS Group increased 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 initiated coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price target for the company. Finally, 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. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $84.11.

Get Our Latest Stock Report on Coca-Cola Europacific Partners

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP traded up $0.58 during trading on Wednesday, hitting $78.14. 106,912 shares of the company’s stock were exchanged, compared to its average volume of 1,547,579. The stock’s 50 day moving average price is $76.87 and its two-hundred day moving average price is $77.11. Coca-Cola Europacific Partners PLC has a fifty-two week low of $65.77 and a fifty-two week 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 company also recently declared a semi-annual dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were paid a $1.34 dividend. This represents a dividend yield of 2.6%. This is a boost from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. The ex-dividend date of this dividend was Friday, November 15th.

About Coca-Cola Europacific Partners

(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.

Featured Stories

Want to see what other hedge funds are holding CCEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola Europacific Partners PLC (NASDAQ:CCEPFree Report).

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

Receive News & Ratings for Coca-Cola Europacific Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Europacific Partners and related companies with MarketBeat.com's FREE daily email newsletter.