Franklin Resources Inc. lessened its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 2.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 658,554 shares of the company's stock after selling 14,122 shares during the quarter. Franklin Resources Inc. owned approximately 0.14% of Coca-Cola Europacific Partners worth $51,604,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of CCEP. Whittier Trust Co. of Nevada Inc. increased its holdings in Coca-Cola Europacific Partners by 38.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company's stock valued at $40,000 after purchasing an additional 139 shares during the period. Janney Capital Management LLC grew 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. Signaturefd LLC grew its holdings in shares of Coca-Cola Europacific Partners by 2.6% during the second quarter. Signaturefd LLC now owns 5,735 shares of the company's stock valued at $418,000 after buying an additional 147 shares during the last quarter. CWM LLC increased its holdings in Coca-Cola Europacific Partners by 14.5% during the 3rd quarter. CWM LLC now owns 1,318 shares of the company's stock worth $104,000 after purchasing an additional 167 shares in the last quarter. Finally, Legacy Financial Advisors Inc. raised its position in Coca-Cola Europacific Partners by 3.8% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 4,605 shares of the company's stock valued at $336,000 after buying an additional 168 shares during the last quarter. Institutional investors own 31.35% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on CCEP. Evercore ISI boosted their price target 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 objective on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a "buy" rating in a research report on Monday, September 9th. JPMorgan Chase & Co. downgraded Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th. 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, Barclays upped their price objective on shares of Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Coca-Cola Europacific Partners presently has a consensus rating of "Moderate Buy" and an average target price of $84.44.
Read Our Latest Stock Analysis on CCEP
Coca-Cola Europacific Partners Trading Down 2.7 %
Shares of CCEP stock traded down $2.06 during mid-day trading on Wednesday, reaching $75.49. 1,608,971 shares of the company's stock traded hands, compared to its average volume of 1,410,016. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. The company's 50-day moving average price is $77.43 and its 200-day moving average price is $76.62. Coca-Cola Europacific Partners PLC has a 12 month low of $64.25 and a 12 month high of $82.32.
Coca-Cola Europacific Partners Increases Dividend
The company also recently announced a semi-annual dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th were issued a $1.34 dividend. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from Coca-Cola Europacific Partners's previous semi-annual dividend of $0.79. This represents a yield of 2.6%.
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.
Read More
Before you consider Coca-Cola Europacific Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coca-Cola Europacific Partners wasn't on the list.
While Coca-Cola Europacific Partners currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
