Janney Montgomery Scott LLC Sells 6,700 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Janney Montgomery Scott LLC reduced its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 29.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,906 shares of the company's stock after selling 6,700 shares during the period. Janney Montgomery Scott LLC's holdings in Coca-Cola Europacific Partners were worth $1,253,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Janney Capital Management LLC boosted its stake in Coca-Cola Europacific Partners by 4.4% in the third quarter. Janney Capital Management LLC now owns 3,417 shares of the company's stock valued at $269,000 after acquiring an additional 145 shares during the period. US Bancorp DE boosted its position in Coca-Cola Europacific Partners by 1.5% during the 3rd quarter. US Bancorp DE now owns 63,675 shares of the company's stock valued at $5,014,000 after purchasing an additional 931 shares during the period. China Universal Asset Management Co. Ltd. boosted its position in Coca-Cola Europacific Partners by 111.0% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 5,825 shares of the company's stock valued at $459,000 after purchasing an additional 3,064 shares during the period. Custom Index Systems LLC acquired a new stake in Coca-Cola Europacific Partners in the third quarter worth $234,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Coca-Cola Europacific Partners by 0.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 47,319 shares of the company's stock valued at $3,726,000 after buying an additional 325 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Price Performance

NASDAQ CCEP traded down $3.01 on Friday, reaching $75.76. The company's stock had a trading volume of 1,935,932 shares, compared to its average volume of 1,399,193. Coca-Cola Europacific Partners PLC has a twelve month low of $59.31 and a twelve month high of $82.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. The firm's 50 day moving average is $78.33 and its two-hundred day moving average is $75.85.

Coca-Cola Europacific Partners Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be issued a $1.34 dividend. The ex-dividend date of this dividend is Friday, November 15th. 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.

Wall Street Analyst Weigh In

CCEP has been the topic of a number of analyst reports. Evercore ISI increased their price objective on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, September 9th. BNP Paribas downgraded Coca-Cola Europacific Partners from an "outperform" rating to a "neutral" rating and set a $81.00 price objective for the company. in a research report on Tuesday, September 10th. Citigroup upgraded Coca-Cola Europacific Partners to a "strong-buy" rating in a research report on Thursday, October 3rd. Finally, Barclays boosted their price target on Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.22.

Coca-Cola Europacific Partners Company 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.