Fiduciary Management Inc. WI Purchases 365,820 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Fiduciary Management Inc. WI boosted its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 25.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,785,320 shares of the company’s stock after buying an additional 365,820 shares during the quarter. Fiduciary Management Inc. WI’s holdings in Coca-Cola Europacific Partners were worth $119,152,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CCEP. J.P. Morgan Private Wealth Advisors LLC bought a new stake in Coca-Cola Europacific Partners during the 3rd quarter worth about $982,000. Janney Montgomery Scott LLC raised its holdings in Coca-Cola Europacific Partners by 16.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 24,688 shares of the company’s stock worth $1,543,000 after purchasing an additional 3,478 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Coca-Cola Europacific Partners by 21.6% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 8,912 shares of the company’s stock worth $557,000 after purchasing an additional 1,584 shares during the last quarter. Pathstone Family Office LLC raised its holdings in Coca-Cola Europacific Partners by 8.8% during the 3rd quarter. Pathstone Family Office LLC now owns 40,182 shares of the company’s stock worth $2,511,000 after purchasing an additional 3,235 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in Coca-Cola Europacific Partners by 1.9% during the 3rd quarter. HighTower Advisors LLC now owns 59,735 shares of the company’s stock worth $3,724,000 after purchasing an additional 1,128 shares during the last quarter. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Price Performance

NASDAQ CCEP traded down $0.12 during trading hours on Monday, reaching $74.31. 1,267,496 shares of the company’s stock were exchanged, compared to its average volume of 1,429,210. The company’s 50-day moving average is $71.48 and its two-hundred day moving average is $68.75. Coca-Cola Europacific Partners PLC has a one year low of $56.28 and a one year high of $75.43. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.72.

Coca-Cola Europacific Partners Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Argus boosted 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. StockNews.com cut Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research note on Sunday, May 19th. Deutsche Bank Aktiengesellschaft upped their price target on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. UBS Group upped their price target on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Finally, Barclays upped 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. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $76.44.

About Coca-Cola Europacific Partners

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.