Cyndeo Wealth Partners LLC Increases Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Cyndeo Wealth Partners LLC boosted its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 121,706 shares of the company's stock after buying an additional 4,314 shares during the period. Cyndeo Wealth Partners LLC's holdings in Coca-Cola Europacific Partners were worth $9,348,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of CCEP. Massachusetts Financial Services Co. MA boosted its position in Coca-Cola Europacific Partners by 1.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company's stock worth $217,191,000 after purchasing an additional 32,776 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Coca-Cola Europacific Partners by 307.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company's stock worth $191,984,000 after buying an additional 1,839,321 shares during the period. Geode Capital Management LLC raised its stake in shares of Coca-Cola Europacific Partners by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company's stock worth $160,138,000 after buying an additional 58,247 shares during the period. Millennium Management LLC raised its stake in shares of Coca-Cola Europacific Partners by 7.6% during the 2nd quarter. Millennium Management LLC now owns 1,636,023 shares of the company's stock worth $119,217,000 after buying an additional 115,604 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in shares of Coca-Cola Europacific Partners by 144.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company's stock worth $87,788,000 after buying an additional 711,121 shares during the period. Hedge funds and other institutional investors own 31.35% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. UBS Group upped their target price 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. Evercore ISI upped their target price on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Barclays reduced their target price on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Morgan Stanley raised Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. downgraded Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $84.11.

Coca-Cola Europacific Partners Trading Up 0.6 %

Shares of CCEP traded up $0.47 during midday trading on Friday, reaching $76.78. The company had a trading volume of 1,381,916 shares, compared to its average volume of 1,243,324. Coca-Cola Europacific Partners PLC has a 1-year low of $65.77 and a 1-year high of $82.32. The firm has a 50 day simple moving average of $76.80 and a 200-day simple moving average of $76.99. 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 business also recently announced a semi-annual dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th were paid a $1.34 dividend. 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. This represents a dividend yield of 2.6%.

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.