Brown Advisory Inc. Sells 171 Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP)

Brown Advisory Inc. trimmed its stake in Coca-Cola Europacific Partners (NASDAQ:CCEPFree Report) by 6.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,558 shares of the company’s stock after selling 171 shares during the period. Brown Advisory Inc.’s holdings in Coca-Cola Europacific Partners were worth $223,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Coca-Cola Europacific Partners during the fourth quarter worth approximately $14,999,000. Envestnet Portfolio Solutions Inc. increased its position in shares of Coca-Cola Europacific Partners by 1.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,936 shares of the company’s stock worth $840,000 after acquiring an additional 174 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of Coca-Cola Europacific Partners by 37.8% during the fourth quarter. Corient Private Wealth LLC now owns 4,413 shares of the company’s stock worth $339,000 after acquiring an additional 1,211 shares during the period. Cibc World Markets Corp boosted its holdings in Coca-Cola Europacific Partners by 1.4% during the fourth quarter. Cibc World Markets Corp now owns 10,200 shares of the company’s stock worth $783,000 after purchasing an additional 139 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of Coca-Cola Europacific Partners by 6.2% during the 4th quarter. Signaturefd LLC now owns 6,349 shares of the company’s stock worth $488,000 after purchasing an additional 372 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CCEP. UBS Group raised their price target on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Barclays restated an “overweight” rating and issued a $104.00 price target (up previously from $101.00) on shares of Coca-Cola Europacific Partners in a research report on Tuesday. Finally, Wall Street Zen lowered shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.57.

Check Out Our Latest Stock Analysis on Coca-Cola Europacific Partners

Coca-Cola Europacific Partners Price Performance

CCEP opened at $95.45 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.62. The company has a market capitalization of $44.00 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 4.73 and a beta of 0.77. The firm’s fifty day moving average price is $91.89 and its two-hundred day moving average price is $86.20. Coca-Cola Europacific Partners has a 1 year low of $71.49 and a 1 year high of $97.23.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were given a dividend of $0.8993 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a yield of 2.4%.

Coca-Cola Europacific Partners 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

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

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