Icon Wealth Advisors LLC Invests $424,000 in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Icon Wealth Advisors LLC purchased a new stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 5,384 shares of the company’s stock, valued at approximately $424,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Citigroup Inc. boosted its position in shares of Coca-Cola Europacific Partners by 9.8% in the third quarter. Citigroup Inc. now owns 630,779 shares of the company’s stock valued at $49,674,000 after acquiring an additional 56,551 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Coca-Cola Europacific Partners by 1.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company’s stock valued at $217,191,000 after purchasing an additional 32,776 shares during the period. Moran Wealth Management LLC grew its position in shares of Coca-Cola Europacific Partners by 1.1% during the 3rd quarter. Moran Wealth Management LLC now owns 44,217 shares of the company’s stock worth $3,482,000 after purchasing an additional 460 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Coca-Cola Europacific Partners during the third quarter worth approximately $482,000. Finally, PNC Financial Services Group Inc. raised its position in shares of Coca-Cola Europacific Partners by 6.0% in the third quarter. PNC Financial Services Group Inc. now owns 14,394 shares of the company’s stock valued at $1,134,000 after buying an additional 815 shares in the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CCEP has been the topic of a number of recent research reports. Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft increased 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. Evercore ISI boosted their target price on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. BNP Paribas cut shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a research note on Tuesday, September 10th. Finally, Barclays boosted their price objective on shares of Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $81.22.

Coca-Cola Europacific Partners Stock Up 0.1 %

Shares of CCEP opened at $78.21 on Friday. 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 52 week low of $59.31 and a 52 week high of $82.32. The stock has a fifty day moving average of $77.87 and a 200-day moving average of $76.08.

Coca-Cola Europacific Partners Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be given a $1.34 dividend. The ex-dividend date is Friday, November 15th. This is an increase from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. This represents a yield of 2.6%.

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.