Cerity Partners LLC Purchases 4,743 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Cerity Partners LLC boosted its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 33.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,822 shares of the company’s stock after acquiring an additional 4,743 shares during the quarter. Cerity Partners LLC’s holdings in Coca-Cola Europacific Partners were worth $1,482,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. increased its stake in Coca-Cola Europacific Partners by 38.1% in the third 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 during the last quarter. New Millennium Group LLC bought a new stake in shares of Coca-Cola Europacific Partners during the second quarter worth $37,000. Plato Investment Management Ltd bought a new stake in shares of Coca-Cola Europacific Partners during the third quarter worth $50,000. Mather Group LLC. grew its stake in shares of Coca-Cola Europacific Partners by 142.0% during the second quarter. Mather Group LLC. now owns 668 shares of the company’s stock worth $47,000 after buying an additional 392 shares during the last quarter. Finally, Family Firm Inc. bought a new stake in shares of Coca-Cola Europacific Partners during the second quarter worth $56,000. 31.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Citigroup raised shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. 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. JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $85.00 to $82.00 in a research note on Wednesday, November 27th. Evercore ISI boosted 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 research note on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft boosted 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. Four equities 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 has an average rating of “Moderate Buy” and a consensus price target of $81.80.

Coca-Cola Europacific Partners Trading Up 2.2 %

CCEP stock opened at $78.05 on Wednesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. Coca-Cola Europacific Partners PLC has a 12-month low of $60.90 and a 12-month high of $82.32. The company’s fifty day simple moving average is $77.41 and its 200 day simple moving average is $76.25.

Coca-Cola Europacific Partners Increases Dividend

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

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.