Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEPFree Report) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,457 shares of the company’s stock after selling 231 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Coca-Cola Europacific Partners were worth $1,632,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. FMR LLC grew its position in shares of Coca-Cola Europacific Partners by 3.7% during the third quarter. FMR LLC now owns 6,359,772 shares of the company’s stock worth $397,359,000 after buying an additional 225,744 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Coca-Cola Europacific Partners by 1.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,525,434 shares of the company’s stock worth $157,789,000 after buying an additional 47,501 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Coca-Cola Europacific Partners by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 2,221,296 shares of the company’s stock worth $138,787,000 after buying an additional 168,420 shares in the last quarter. Northern Trust Corp lifted its stake in Coca-Cola Europacific Partners by 24.6% during the third quarter. Northern Trust Corp now owns 1,413,900 shares of the company’s stock worth $88,340,000 after purchasing an additional 279,218 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Coca-Cola Europacific Partners by 4.2% during the third quarter. Ameriprise Financial Inc. now owns 1,383,485 shares of the company’s stock worth $86,060,000 after purchasing an additional 55,808 shares during the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CCEP shares. UBS Group upped their price target on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Barclays upped their price objective on Coca-Cola Europacific Partners from $78.00 to $84.00 and gave the stock an “overweight” rating in a report on Tuesday, May 14th. Deutsche Bank Aktiengesellschaft upped their target price on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Argus upped their target price on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Finally, StockNews.com downgraded Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Sunday, May 19th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and an average target price of $76.44.

Check Out Our Latest Analysis on Coca-Cola Europacific Partners

Coca-Cola Europacific Partners Stock Up 0.2 %

NASDAQ CCEP opened at $73.08 on Tuesday. The business’s 50-day moving average price is $70.97 and its 200 day moving average price is $67.87. Coca-Cola Europacific Partners PLC has a twelve month low of $56.28 and a twelve month high of $75.43. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27.

Coca-Cola Europacific Partners (NASDAQ:CCEPGet Free Report) last released its quarterly earnings data on Friday, February 23rd. The company reported $1.85 EPS for the quarter, hitting analysts’ consensus estimates of $1.85. Research analysts expect 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 company also recently disclosed a semi-annual dividend, which was paid on Thursday, May 23rd. Stockholders of record on Friday, May 10th were issued a $0.79 dividend. The ex-dividend date was Thursday, May 9th. This represents a dividend yield of 5.6%.

Coca-Cola Europacific Partners Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Coca-Cola Europacific Partners (NASDAQ:CCEP)

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