MML Investors Services LLC Grows Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

MML Investors Services LLC increased its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 6.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,390 shares of the company’s stock after buying an additional 384 shares during the period. MML Investors Services LLC’s holdings in Coca-Cola Europacific Partners were worth $503,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. increased its stake in Coca-Cola Europacific Partners by 38.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock worth $40,000 after acquiring an additional 139 shares during the last quarter. Plato Investment Management Ltd bought a new position in shares of Coca-Cola Europacific Partners in the third quarter worth approximately $50,000. Brown Brothers Harriman & Co. raised its stake in Coca-Cola Europacific Partners by 1,604.0% in the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock valued at $67,000 after purchasing an additional 802 shares in the last quarter. Blue Trust Inc. lifted its position in Coca-Cola Europacific Partners by 21.5% during the third quarter. Blue Trust Inc. now owns 1,023 shares of the company’s stock valued at $75,000 after purchasing an additional 181 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Coca-Cola Europacific Partners in the 2nd quarter worth approximately $81,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Up 0.6 %

NASDAQ:CCEP opened at $75.17 on Monday. The firm has a market capitalization of $34.34 billion, a P/E ratio of 16.78, a P/E/G ratio of 3.85 and a beta of 0.90. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. The company has a fifty day moving average of $77.31 and a 200 day moving average of $76.64. Coca-Cola Europacific Partners PLC has a 52 week low of $64.25 and a 52 week high of $82.32.

Coca-Cola Europacific Partners Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were paid a dividend of $1.34 per share. This represents a dividend yield of 2.6%. This is an increase from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. The ex-dividend date was Friday, November 15th. Coca-Cola Europacific Partners’s dividend payout ratio is 35.27%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Citigroup raised shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Sanford C. Bernstein began coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price objective for the company. BNP Paribas cut Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a report on Tuesday, September 10th. JPMorgan Chase & Co. downgraded 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. Finally, Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and a consensus price target of $84.44.

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.