Orion Portfolio Solutions LLC Has $1.86 Million Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Orion Portfolio Solutions LLC decreased its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 29.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,582 shares of the company's stock after selling 9,700 shares during the period. Orion Portfolio Solutions LLC's holdings in Coca-Cola Europacific Partners were worth $1,857,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 38.1% in the 3rd 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 in the last quarter. New Millennium Group LLC purchased a new position in shares of Coca-Cola Europacific Partners in the 2nd quarter worth approximately $37,000. Plato Investment Management Ltd bought a new stake in shares of Coca-Cola Europacific Partners during the 3rd quarter worth $50,000. Family Firm Inc. bought a new stake in Coca-Cola Europacific Partners in the second quarter worth about $56,000. Finally, Brown Brothers Harriman & Co. increased its holdings in Coca-Cola Europacific Partners by 1,604.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company's stock worth $67,000 after acquiring an additional 802 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on CCEP shares. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research note on Monday. Barclays increased their target price on shares of Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and cut their price target for the company from $85.00 to $82.00 in a report on Wednesday, November 27th. BNP Paribas cut shares of Coca-Cola Europacific Partners from an "outperform" rating to a "neutral" rating and set a $81.00 target price for the company. in a research report on Tuesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a "buy" rating in a report on Monday, September 9th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $84.44.

Coca-Cola Europacific Partners Stock Performance

CCEP traded down $0.25 during trading on Friday, hitting $78.86. The stock had a trading volume of 988,995 shares, compared to its average volume of 1,406,710. Coca-Cola Europacific Partners PLC has a 12 month low of $63.80 and a 12 month 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. The company has a 50 day simple moving average of $77.44 and a 200-day simple moving average of $76.46.

Coca-Cola Europacific Partners Increases Dividend

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

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.