Fiduciary Trust Co Grows Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Fiduciary Trust Co grew its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 10.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,908 shares of the company’s stock after acquiring an additional 563 shares during the period. Fiduciary Trust Co’s holdings in Coca-Cola Europacific Partners were worth $454,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter valued at approximately $27,000. Optiver Holding B.V. purchased a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter valued at approximately $29,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Coca-Cola Europacific Partners by 85.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock valued at $33,000 after acquiring an additional 197 shares during the period. Summit Securities Group LLC purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter worth approximately $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter worth approximately $52,000. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Trading Down 0.4%

NASDAQ CCEP opened at $89.44 on Monday. The firm has a 50 day moving average of $86.50 and a two-hundred day moving average of $81.35. Coca-Cola Europacific Partners PLC has a 52 week low of $70.82 and a 52 week high of $91.37. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $41.23 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 4.89 and a beta of 0.77.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th will be issued a $0.8993 dividend. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, May 16th. Coca-Cola Europacific Partners’s payout ratio is 16.26%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CCEP. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Barclays upped their target price on shares of Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. UBS Group upped their target price on shares of Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Finally, Evercore ISI upped their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and a consensus target price of $88.50.

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.