Ibex Wealth Advisors Purchases Shares of 96,233 Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Ibex Wealth Advisors purchased a new stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 96,233 shares of the company's stock, valued at approximately $7,392,000.

Several other large investors have also recently bought and sold shares of CCEP. Massachusetts Financial Services Co. MA lifted its stake in shares of Coca-Cola Europacific Partners by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company's stock worth $217,191,000 after buying an additional 32,776 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Coca-Cola Europacific Partners by 307.3% in the third 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 last quarter. Geode Capital Management LLC lifted its stake in shares of Coca-Cola Europacific Partners by 2.9% in the third 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 last quarter. Janus Henderson Group PLC acquired a new stake in shares of Coca-Cola Europacific Partners in the third quarter worth $52,364,000. Finally, Citigroup Inc. lifted its stake in shares of Coca-Cola Europacific Partners by 9.8% in the third quarter. Citigroup Inc. now owns 630,779 shares of the company's stock worth $49,674,000 after buying an additional 56,551 shares during the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CCEP. JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $85.00 to $82.00 in a research report on Wednesday, November 27th. Barclays dropped their target price on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. 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. Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They issued a "market perform" rating and a $82.00 price target on the stock. Finally, UBS Group boosted their price target on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $84.11.

Coca-Cola Europacific Partners Stock Performance

Shares of Coca-Cola Europacific Partners stock traded up $1.14 on Thursday, hitting $79.32. 1,039,355 shares of the company's stock traded hands, compared to its average volume of 1,567,574. The firm's 50-day moving average price is $76.92 and its two-hundred day moving average price is $77.12. Coca-Cola Europacific Partners PLC has a one year low of $65.77 and a one year high of $82.32. 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 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 issued a $1.34 dividend. This is a positive change from Coca-Cola Europacific Partners's previous semi-annual dividend of $0.79. The ex-dividend date was Friday, November 15th. This represents a dividend yield of 2.6%.

About Coca-Cola Europacific Partners

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.