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

HB Wealth Management LLC increased its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 7.0% in the 4th quarter, Holdings Channel reports. The firm owned 3,690 shares of the company’s stock after buying an additional 243 shares during the period. HB Wealth Management LLC’s holdings in Coca-Cola Europacific Partners were worth $283,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Redhawk Wealth Advisors Inc. lifted its holdings in shares of Coca-Cola Europacific Partners by 39.9% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 6,423 shares of the company’s stock valued at $493,000 after purchasing an additional 1,832 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 16.4% in the 4th quarter. Park Avenue Securities LLC now owns 18,056 shares of the company’s stock valued at $1,387,000 after purchasing an additional 2,548 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Coca-Cola Europacific Partners by 1.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 19,851 shares of the company’s stock valued at $1,525,000 after purchasing an additional 260 shares during the last quarter. Miracle Mile Advisors LLC purchased a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter valued at about $455,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Coca-Cola Europacific Partners by 0.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 47,496 shares of the company’s stock valued at $3,740,000 after acquiring an additional 177 shares during the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the company. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price objective for the company. Citigroup raised Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. downgraded Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. Finally, Barclays reduced their price objective on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $84.11.

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP opened at $76.78 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. The business’s 50 day moving average is $76.78 and its two-hundred day moving average is $76.97. Coca-Cola Europacific Partners PLC has a 12-month low of $65.77 and a 12-month high of $82.32.

Coca-Cola Europacific Partners Increases Dividend

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

Coca-Cola Europacific Partners Company 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.