Transform Wealth LLC Has $10.65 Million Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Transform Wealth LLC grew its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 7.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 138,691 shares of the company's stock after buying an additional 9,864 shares during the period. Transform Wealth LLC's holdings in Coca-Cola Europacific Partners were worth $10,653,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Lombard Odier Asset Management Europe Ltd boosted its holdings in Coca-Cola Europacific Partners by 103.4% during the second quarter. Lombard Odier Asset Management Europe Ltd now owns 92,770 shares of the company's stock valued at $6,760,000 after acquiring an additional 47,165 shares during the period. World Investment Advisors LLC acquired a new position in shares of Coca-Cola Europacific Partners during the 3rd quarter worth about $6,975,000. Diversified Trust Co bought a new stake in Coca-Cola Europacific Partners during the 3rd quarter valued at approximately $2,513,000. Marshall Wace LLP acquired a new stake in Coca-Cola Europacific Partners in the 2nd quarter valued at approximately $1,846,000. Finally, Vontobel Holding Ltd. lifted its holdings in shares of Coca-Cola Europacific Partners by 2,575.0% during the third quarter. Vontobel Holding Ltd. now owns 256,029 shares of the company's stock worth $20,244,000 after buying an additional 246,458 shares during the last quarter. Institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Trading Up 0.5 %

Coca-Cola Europacific Partners stock traded up $0.38 during trading hours on Tuesday, reaching $77.45. 848,865 shares of the company's stock traded hands, compared to its average volume of 1,546,050. Coca-Cola Europacific Partners PLC has a fifty-two week low of $65.77 and a fifty-two week high of $82.32. The firm's 50 day moving average is $76.83 and its 200-day moving average is $76.95. 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 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 dividend yield of 2.6%.

Analysts Set New Price Targets

Several equities analysts recently commented on CCEP shares. JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and cut their target price for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. Citigroup raised Coca-Cola Europacific Partners to a "strong-buy" rating in a report on Thursday, October 3rd. UBS Group lifted their target price on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They issued a "market perform" rating and a $82.00 target price for the company. Finally, Evercore ISI upped their price objective 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. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $84.11.

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.