Patton Albertson Miller Group LLC Lowers Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Patton Albertson Miller Group LLC lowered its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 14.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,475 shares of the company’s stock after selling 745 shares during the period. Patton Albertson Miller Group LLC’s holdings in Coca-Cola Europacific Partners were worth $299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new position in Coca-Cola Europacific Partners during the 4th quarter valued at about $28,000. Benjamin F. Edwards & Company Inc. increased its holdings in Coca-Cola Europacific Partners by 220.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the company’s stock valued at $34,000 after buying an additional 352 shares during the period. Global Retirement Partners LLC raised its stake in Coca-Cola Europacific Partners by 24.1% in the fourth quarter. Global Retirement Partners LLC now owns 799 shares of the company’s stock worth $54,000 after buying an additional 155 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in Coca-Cola Europacific Partners during the fourth quarter worth $61,000. Finally, NBC Securities Inc. purchased a new stake in Coca-Cola Europacific Partners during the third quarter worth $73,000. 31.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Argus boosted their price target on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Barclays increased their price target on shares of Coca-Cola Europacific Partners from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. UBS Group increased their target price on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Finally, StockNews.com raised shares of Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $75.78.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ CCEP traded up $0.12 during midday trading on Thursday, reaching $73.64. The company had a trading volume of 1,021,922 shares, compared to its average volume of 1,502,897. Coca-Cola Europacific Partners PLC has a 1 year low of $56.28 and a 1 year high of $73.67. The business’s 50-day simple moving average is $70.08 and its 200 day simple moving average is $66.49. 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:CCEP) last issued its earnings results on Friday, February 23rd. The company reported $1.85 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.85. On average, equities research analysts expect that Coca-Cola Europacific Partners PLC will post 4.15 earnings per share for the current year.

Coca-Cola Europacific Partners Cuts Dividend

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

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.