Moran Wealth Management LLC Boosts Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Moran Wealth Management LLC lifted its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,217 shares of the company’s stock after purchasing an additional 460 shares during the quarter. Moran Wealth Management LLC’s holdings in Coca-Cola Europacific Partners were worth $3,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Coca-Cola Europacific Partners in the 3rd quarter worth about $482,000. PNC Financial Services Group Inc. increased its holdings in Coca-Cola Europacific Partners by 6.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 14,394 shares of the company’s stock worth $1,134,000 after buying an additional 815 shares in the last quarter. Pathstone Holdings LLC increased its holdings in Coca-Cola Europacific Partners by 1.6% in the 3rd quarter. Pathstone Holdings LLC now owns 47,473 shares of the company’s stock worth $3,738,000 after buying an additional 756 shares in the last quarter. Swiss National Bank increased its holdings in Coca-Cola Europacific Partners by 0.5% in the 3rd quarter. Swiss National Bank now owns 619,014 shares of the company’s stock worth $48,747,000 after buying an additional 3,200 shares in the last quarter. Finally, CIBC Asset Management Inc increased its holdings in Coca-Cola Europacific Partners by 3.8% in the 3rd quarter. CIBC Asset Management Inc now owns 101,404 shares of the company’s stock worth $7,986,000 after buying an additional 3,742 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CCEP has been the subject of several research analyst reports. Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. BNP Paribas downgraded Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price target for the company. in a research note on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft boosted their price target on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Barclays boosted their price target on Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Evercore ISI boosted their price target 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. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.22.

Coca-Cola Europacific Partners Stock Down 0.1 %

Shares of NASDAQ:CCEP opened at $75.99 on Thursday. The stock has a 50 day moving average of $77.98 and a 200 day moving average of $76.00. 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 12-month low of $59.31 and a 12-month high of $82.32.

Coca-Cola Europacific Partners Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be issued a dividend of $1.34 per share. This is a positive change from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. This represents a yield of 2.6%. The ex-dividend date is 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.