Cyndeo Wealth Partners LLC Boosts Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Cyndeo Wealth Partners LLC increased its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 3.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 121,706 shares of the company’s stock after buying an additional 4,314 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in Coca-Cola Europacific Partners were worth $9,348,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Coca-Cola Europacific Partners by 85.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock worth $33,000 after buying an additional 197 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Coca-Cola Europacific Partners by 38.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock valued at $40,000 after purchasing an additional 139 shares during the period. Plato Investment Management Ltd purchased a new stake in Coca-Cola Europacific Partners in the third quarter valued at $50,000. Brown Brothers Harriman & Co. lifted its stake in shares of Coca-Cola Europacific Partners by 1,604.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock valued at $67,000 after purchasing an additional 802 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Coca-Cola Europacific Partners by 21.5% during the 3rd quarter. Blue Trust Inc. now owns 1,023 shares of the company’s stock worth $75,000 after purchasing an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ:CCEP opened at $76.78 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners PLC has a fifty-two week low of $65.77 and a fifty-two week high of $82.32. The firm’s 50 day moving average price is $76.80 and its 200 day moving average price is $76.99.

Coca-Cola Europacific Partners Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were paid a dividend of $1.34 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a dividend yield of 2.6%. This is an increase from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. UBS Group upped their price objective on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Barclays dropped their target price on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, Evercore ISI lifted their price objective on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.11.

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.