Ballentine Partners LLC Buys 1,549 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Ballentine Partners LLC grew its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 21.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,764 shares of the company’s stock after acquiring an additional 1,549 shares during the quarter. Ballentine Partners LLC’s holdings in Coca-Cola Europacific Partners were worth $613,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CCEP. GAMMA Investing LLC bought a new stake in Coca-Cola Europacific Partners in the 4th quarter worth about $28,000. Voisard Asset Management Group Inc. bought a new stake in Coca-Cola Europacific Partners in the 4th quarter worth about $33,000. Benjamin F. Edwards & Company Inc. increased its holdings in Coca-Cola Europacific Partners by 220.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the company’s stock worth $34,000 after buying an additional 352 shares in the last quarter. Global Retirement Partners LLC increased its holdings in Coca-Cola Europacific Partners by 24.1% in the 4th 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. Finally, China Universal Asset Management Co. Ltd. bought a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter valued at about $61,000. 31.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock traded up $0.48 during mid-day trading on Monday, hitting $75.34. The company’s stock had a trading volume of 120,985 shares, compared to its average volume of 1,428,199. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.72 and a current ratio of 0.91. The company has a 50 day moving average of $72.47 and a 200-day moving average of $69.57. Coca-Cola Europacific Partners PLC has a one year low of $56.28 and a one year high of $75.75.

Coca-Cola Europacific Partners Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, May 23rd. Shareholders of record on Friday, May 10th were given a dividend of $0.79 per share. This represents a yield of 5.6%. The ex-dividend date was Thursday, May 9th.

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.