Charles Schwab Investment Management Inc. Trims Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Charles Schwab Investment Management Inc. decreased its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 3.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 250,664 shares of the company’s stock after selling 9,239 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Coca-Cola Europacific Partners were worth $19,740,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Cetera Investment Advisers lifted its holdings in shares of Coca-Cola Europacific Partners by 96.4% in the 1st quarter. Cetera Investment Advisers now owns 25,343 shares of the company’s stock worth $1,773,000 after buying an additional 12,438 shares during the period. Cetera Advisors LLC grew its holdings in Coca-Cola Europacific Partners by 234.1% during the 1st quarter. Cetera Advisors LLC now owns 10,325 shares of the company’s stock worth $722,000 after acquiring an additional 7,235 shares in the last quarter. Mather Group LLC. increased its position in Coca-Cola Europacific Partners by 142.0% during the 2nd quarter. Mather Group LLC. now owns 668 shares of the company’s stock valued at $47,000 after purchasing an additional 392 shares during the period. Park Avenue Securities LLC increased its position in Coca-Cola Europacific Partners by 7.4% during the 2nd quarter. Park Avenue Securities LLC now owns 15,433 shares of the company’s stock valued at $1,125,000 after purchasing an additional 1,067 shares during the period. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Coca-Cola Europacific Partners in the 2nd quarter valued at about $3,068,000. Institutional investors own 31.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CCEP. Evercore ISI lifted their price objective on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. lowered Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and cut their target price for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. Sanford C. Bernstein assumed coverage on shares of Coca-Cola Europacific Partners in a report on Tuesday. They issued a “market perform” rating and a $82.00 price target on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Finally, BNP Paribas downgraded shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price for the company. in a research note on Tuesday, September 10th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $83.11.

Coca-Cola Europacific Partners Trading Down 0.9 %

NASDAQ CCEP opened at $77.68 on Friday. Coca-Cola Europacific Partners PLC has a 12-month low of $62.93 and a 12-month high of $82.32. The company has a fifty day simple moving average of $77.37 and a two-hundred day simple moving average of $76.28. 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 Increases Dividend

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

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.