Cerity Partners LLC Buys 4,743 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Cerity Partners LLC grew its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 33.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,822 shares of the company’s stock after acquiring an additional 4,743 shares during the period. Cerity Partners LLC’s holdings in Coca-Cola Europacific Partners were worth $1,482,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CCEP. New Millennium Group LLC bought a new position in shares of Coca-Cola Europacific Partners in the 2nd quarter valued at about $37,000. Whittier Trust Co. of Nevada Inc. grew its holdings in Coca-Cola Europacific Partners by 38.1% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock worth $40,000 after purchasing an additional 139 shares during the period. Mather Group LLC. grew its holdings in Coca-Cola Europacific Partners by 142.0% during the second quarter. Mather Group LLC. now owns 668 shares of the company’s stock worth $47,000 after purchasing an additional 392 shares during the period. Plato Investment Management Ltd bought a new position in Coca-Cola Europacific Partners during the third quarter worth about $50,000. Finally, Family Firm Inc. bought a new position in Coca-Cola Europacific Partners during the second quarter worth about $56,000. Institutional investors own 31.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CCEP shares. Deutsche Bank Aktiengesellschaft lifted their price target on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Barclays lifted their price target on Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Citigroup upgraded shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. Sanford C. Bernstein initiated coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday. They set a “market perform” rating and a $82.00 price objective for the company. Finally, BNP Paribas downgraded shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective for the company. in a research report on Tuesday, September 10th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.80.

Coca-Cola Europacific Partners Stock Up 2.2 %

NASDAQ CCEP opened at $78.05 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners PLC has a 1-year low of $60.90 and a 1-year high of $82.32. The company has a 50 day moving average of $77.41 and a 200-day moving average of $76.25.

Coca-Cola Europacific Partners Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were given a $1.34 dividend. 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. The ex-dividend date was Friday, November 15th.

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.