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

SG Americas Securities LLC lifted its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 120.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 433,121 shares of the company's stock after buying an additional 236,917 shares during the period. SG Americas Securities LLC owned approximately 0.09% of Coca-Cola Europacific Partners worth $33,268,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CCEP. Whittier Trust Co. of Nevada Inc. boosted 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 worth $40,000 after acquiring an additional 139 shares during the period. Janney Capital Management LLC lifted its position in shares of Coca-Cola Europacific Partners by 4.4% during the third quarter. Janney Capital Management LLC now owns 3,417 shares of the company's stock worth $269,000 after purchasing an additional 145 shares in the last quarter. CWM LLC boosted its stake in shares of Coca-Cola Europacific Partners by 14.5% in the third quarter. CWM LLC now owns 1,318 shares of the company's stock valued at $104,000 after purchasing an additional 167 shares during the period. HighTower Advisors LLC grew its holdings in Coca-Cola Europacific Partners by 0.4% during the 3rd quarter. HighTower Advisors LLC now owns 41,187 shares of the company's stock valued at $3,242,000 after purchasing an additional 177 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Coca-Cola Europacific Partners by 0.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 47,496 shares of the company's stock worth $3,740,000 after buying an additional 177 shares during the period. Institutional investors and hedge funds own 31.35% of the company's stock.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock traded down $0.75 on Thursday, hitting $76.31. 1,717,856 shares of the stock traded hands, compared to its average volume of 1,600,633. The company's fifty day moving average is $76.83 and its 200 day moving average is $76.97. 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 PLC has a 1-year low of $65.77 and a 1-year high of $82.32.

Coca-Cola Europacific Partners Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CCEP. Evercore ISI upped their price objective on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. UBS Group boosted their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Citigroup upgraded Coca-Cola Europacific Partners to a "strong-buy" rating in a research note on Thursday, October 3rd. Morgan Stanley raised Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research report on Monday, December 9th. Finally, Sanford C. Bernstein initiated coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a "market perform" rating and a $82.00 price target for the company. Four 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 company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $84.11.

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.