US Asset Management LLC Acquires Shares of 4,057 Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

US Asset Management LLC acquired a new stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,057 shares of the company’s stock, valued at approximately $271,000.

Several other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC raised its position in Coca-Cola Europacific Partners by 24.1% during the fourth quarter. Global Retirement Partners LLC now owns 799 shares of the company’s stock valued at $54,000 after purchasing an additional 155 shares in the last quarter. New York Life Investment Management LLC grew its stake in shares of Coca-Cola Europacific Partners by 4.0% during the fourth quarter. New York Life Investment Management LLC now owns 4,096 shares of the company’s stock worth $273,000 after buying an additional 158 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in shares of Coca-Cola Europacific Partners by 2.6% during the fourth quarter. Verdence Capital Advisors LLC now owns 8,945 shares of the company’s stock worth $597,000 after buying an additional 230 shares during the last quarter. Huntington National Bank grew its stake in shares of Coca-Cola Europacific Partners by 7.6% during the third quarter. Huntington National Bank now owns 3,319 shares of the company’s stock worth $207,000 after buying an additional 235 shares during the last quarter. Finally, Janney Capital Management LLC grew its stake in shares of Coca-Cola Europacific Partners by 3.7% during the third quarter. Janney Capital Management LLC now owns 6,967 shares of the company’s stock worth $435,000 after buying an additional 248 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Performance

CCEP traded up $0.12 during trading on Thursday, reaching $73.64. 1,021,922 shares of the stock traded hands, compared to its average volume of 1,502,897. The stock’s 50-day moving average is $70.08 and its 200 day moving average is $66.49. Coca-Cola Europacific Partners PLC has a 12 month low of $56.28 and a 12 month high of $73.67. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.72 and a current ratio of 0.91.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last announced its quarterly earnings data on Friday, February 23rd. The company reported $1.85 earnings per share for the quarter, meeting the consensus estimate of $1.85. On average, equities analysts predict 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. Stockholders of record on Friday, May 10th will be issued a dividend of $0.79 per share. The ex-dividend date is Thursday, May 9th. This represents a dividend yield of 5.6%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Argus boosted their target price on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Barclays boosted their price objective on shares of Coca-Cola Europacific Partners from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Monday, April 29th. UBS Group boosted their price objective on shares of 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. StockNews.com raised shares of Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Finally, BNP Paribas raised shares of Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price objective on the stock in a research note on Friday, January 12th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $75.78.

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.