Legacy Wealth Asset Management LLC Has $2.25 Million Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Legacy Wealth Asset Management LLC reduced its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,259 shares of the company’s stock after selling 259 shares during the quarter. Coca-Cola Europacific Partners accounts for about 0.6% of Legacy Wealth Asset Management LLC’s holdings, making the stock its 29th biggest position. Legacy Wealth Asset Management LLC’s holdings in Coca-Cola Europacific Partners were worth $2,247,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. lifted its stake in Coca-Cola Europacific Partners by 38.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock valued at $40,000 after acquiring an additional 139 shares in the last quarter. Janney Capital Management LLC boosted its holdings in Coca-Cola Europacific Partners by 4.4% during the third quarter. Janney Capital Management LLC now owns 3,417 shares of the company’s stock worth $269,000 after purchasing an additional 145 shares during the last quarter. CWM LLC boosted its holdings in Coca-Cola Europacific Partners by 14.5% during the third quarter. CWM LLC now owns 1,318 shares of the company’s stock worth $104,000 after purchasing an additional 167 shares during the last quarter. Legacy Financial Advisors Inc. grew its position in Coca-Cola Europacific Partners by 3.8% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 4,605 shares of the company’s stock worth $336,000 after purchasing an additional 168 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in Coca-Cola Europacific Partners by 0.4% in the 3rd quarter. HighTower Advisors LLC now owns 41,187 shares of the company’s stock valued at $3,242,000 after buying an additional 177 shares during the last quarter. 31.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CCEP shares. Citigroup raised Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Barclays lifted their target price on Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Evercore ISI raised their price objective on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $85.00 to $82.00 in a research note on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and an average price target of $84.44.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock opened at $75.96 on Friday. The company’s fifty day simple moving average is $76.87 and its two-hundred day simple moving average is $76.85. Coca-Cola Europacific Partners PLC has a 1 year low of $65.74 and a 1 year high of $82.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63.

Coca-Cola Europacific Partners Increases Dividend

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

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.