Miracle Mile Advisors LLC Makes New Investment in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Miracle Mile Advisors LLC acquired a new position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,917 shares of the company's stock, valued at approximately $455,000.

Several other institutional investors have also modified their holdings of CCEP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Coca-Cola Europacific Partners by 307.3% in 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 valued at $191,984,000 after buying an additional 1,839,321 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in Coca-Cola Europacific Partners by 144.1% in the second quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company's stock valued at $87,788,000 after acquiring an additional 711,121 shares in the last quarter. Janus Henderson Group PLC purchased a new position in shares of Coca-Cola Europacific Partners during the third quarter worth about $52,364,000. Point72 Europe London LLP acquired a new stake in shares of Coca-Cola Europacific Partners during the second quarter worth about $26,341,000. Finally, Samlyn Capital LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 23.2% in the 2nd quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company's stock valued at $135,155,000 after purchasing an additional 349,466 shares during the last quarter. Hedge funds and other institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Stock Performance

Shares of Coca-Cola Europacific Partners stock traded up $0.27 on Thursday, reaching $75.96. 1,747,276 shares of the stock were exchanged, compared to its average volume of 1,570,188. Coca-Cola Europacific Partners PLC has a 1-year low of $65.74 and a 1-year high of $82.32. The business has a fifty day moving average price of $76.87 and a two-hundred day moving average price of $76.85. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12.

Coca-Cola Europacific Partners Increases Dividend

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

Analyst Upgrades and Downgrades

CCEP has been the topic of a number of research reports. JPMorgan Chase & Co. downgraded Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $85.00 to $82.00 in a research note on Wednesday, November 27th. Sanford C. Bernstein began 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 target price on the stock. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research report on Monday, December 9th. Evercore ISI increased 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 research note on Wednesday, November 6th. Finally, Citigroup upgraded shares of Coca-Cola Europacific Partners to a "strong-buy" rating in a research note on Thursday, October 3rd. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.44.

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.