Wellington Management Group LLP Increases Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Wellington Management Group LLP increased its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 4.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 461,785 shares of the company's stock after acquiring an additional 18,133 shares during the period. Wellington Management Group LLP's holdings in Coca-Cola Europacific Partners were worth $36,366,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of CCEP. New Millennium Group LLC acquired a new stake in Coca-Cola Europacific Partners during the second quarter worth $37,000. Whittier Trust Co. of Nevada Inc. increased its position in Coca-Cola Europacific Partners by 38.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company's stock worth $40,000 after purchasing an additional 139 shares during the period. Plato Investment Management Ltd acquired a new stake in shares of Coca-Cola Europacific Partners in the 3rd quarter worth approximately $50,000. Family Firm Inc. acquired a new stake in shares of Coca-Cola Europacific Partners in the 2nd quarter worth approximately $56,000. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of 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 period. Hedge funds and other institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Trading Down 0.1 %

NASDAQ:CCEP traded down $0.09 on Friday, reaching $79.02. The stock had a trading volume of 339,547 shares, compared to its average volume of 1,403,962. Coca-Cola Europacific Partners PLC has a 1-year low of $63.80 and a 1-year high of $82.32. The stock has a fifty day moving average price of $77.44 and a 200-day moving average price of $76.46. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63.

Coca-Cola Europacific Partners Increases Dividend

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

Wall Street Analysts Forecast Growth

CCEP has been the topic of a number of recent research reports. UBS Group upped their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a "buy" rating in a research note on Thursday. JPMorgan Chase & Co. downgraded Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $85.00 to $82.00 in a report on Wednesday, November 27th. Citigroup upgraded Coca-Cola Europacific Partners to a "strong-buy" rating in a report on Thursday, October 3rd. Sanford C. Bernstein initiated coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a "market perform" rating and a $82.00 target price for the company. Finally, Barclays raised 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. 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's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average 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.