International Assets Investment Management LLC Makes New Investment in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

International Assets Investment Management LLC bought a new stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 88,038 shares of the company’s stock, valued at approximately $5,876,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Global Retirement Partners LLC raised its holdings in Coca-Cola Europacific Partners by 24.1% in the 4th quarter. Global Retirement Partners LLC now owns 799 shares of the company’s stock worth $54,000 after purchasing an additional 155 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new position in Coca-Cola Europacific Partners in the fourth quarter worth $61,000. NBC Securities Inc. bought a new position in Coca-Cola Europacific Partners in the third quarter worth $73,000. ZRC Wealth Management LLC purchased a new position in Coca-Cola Europacific Partners during the fourth quarter valued at $85,000. Finally, Private Trust Co. NA boosted its holdings in shares of Coca-Cola Europacific Partners by 275.2% during the 4th quarter. Private Trust Co. NA now owns 1,827 shares of the company’s stock valued at $120,000 after buying an additional 1,340 shares in the last quarter. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Up 2.7 %

Shares of CCEP stock opened at $73.30 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27. The stock has a fifty day simple moving average of $70.00 and a two-hundred day simple moving average of $66.44. Coca-Cola Europacific Partners PLC has a 52-week low of $56.28 and a 52-week high of $73.47.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last released its earnings results on Friday, February 23rd. The company reported $1.85 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.85. As a group, analysts forecast that Coca-Cola Europacific Partners PLC will post 4.15 earnings per share for the current fiscal year.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Friday, May 10th will be issued a dividend of $0.79 per share. This represents a yield of 5.6%. The ex-dividend date is Thursday, May 9th.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CCEP. UBS Group boosted their price target on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Barclays upped their target price on shares of Coca-Cola Europacific Partners from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Argus increased their price objective on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Finally, BNP Paribas upgraded Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price target for the company in a research note on Friday, January 12th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of “Buy” and a consensus price target of $75.78.

Coca-Cola Europacific Partners 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.