Diversified Trust Co Has $1.97 Million Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Diversified Trust Co reduced its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 19.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 25,616 shares of the company’s stock after selling 6,298 shares during the quarter. Diversified Trust Co’s holdings in Coca-Cola Europacific Partners were worth $1,968,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Coca-Cola Europacific Partners by 307.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock valued at $191,984,000 after buying an additional 1,839,321 shares during the period. Point72 Asset Management L.P. raised its holdings in shares of Coca-Cola Europacific Partners by 144.1% during the second quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company’s stock worth $87,788,000 after acquiring an additional 711,121 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in Coca-Cola Europacific Partners during the third quarter valued at $52,364,000. Point72 Europe London LLP purchased a new position in Coca-Cola Europacific Partners in the second quarter valued at about $26,341,000. Finally, Samlyn Capital LLC increased its position in Coca-Cola Europacific Partners by 23.2% in the 2nd quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company’s stock worth $135,155,000 after purchasing an additional 349,466 shares during the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Up 0.2 %

Shares of CCEP stock opened at $75.84 on Wednesday. Coca-Cola Europacific Partners PLC has a 12 month low of $64.73 and a 12 month high of $82.32. 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 firm has a market cap of $34.96 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 3.85 and a beta of 0.90. The stock has a 50 day moving average of $77.03 and a 200-day moving average of $76.84.

Coca-Cola Europacific Partners Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CCEP shares. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Barclays increased their price target on shares of 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. JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $85.00 to $82.00 in a report on Wednesday, November 27th. Sanford C. Bernstein started coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 target price on the stock. Finally, Evercore ISI upped their price target on 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. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and an average target price 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.