Barclays PLC Sells 164,584 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Barclays PLC cut its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 23.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 536,454 shares of the company’s stock after selling 164,584 shares during the quarter. Barclays PLC’s holdings in Coca-Cola Europacific Partners were worth $42,245,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of 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 valued at $40,000 after purchasing an additional 139 shares during the last quarter. Janney Capital Management LLC lifted its position in shares of Coca-Cola Europacific Partners by 4.4% in the third quarter. Janney Capital Management LLC now owns 3,417 shares of the company’s stock worth $269,000 after buying an additional 145 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Coca-Cola Europacific Partners by 2.6% during the 2nd quarter. Signaturefd LLC now owns 5,735 shares of the company’s stock worth $418,000 after acquiring an additional 147 shares in the last quarter. CWM LLC boosted its stake in shares of Coca-Cola Europacific Partners by 14.5% during the 3rd quarter. CWM LLC now owns 1,318 shares of the company’s stock worth $104,000 after acquiring an additional 167 shares in the last quarter. Finally, Legacy Financial Advisors Inc. increased its holdings in shares of Coca-Cola Europacific Partners by 3.8% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 4,605 shares of the company’s stock valued at $336,000 after acquiring an additional 168 shares during the last quarter. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Stock Up 0.3 %

CCEP stock opened at $79.11 on Friday. Coca-Cola Europacific Partners PLC has a twelve month low of $63.80 and a twelve 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 company has a market cap of $36.14 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 3.79 and a beta of 0.90. The business’s 50-day simple moving average is $77.39 and its 200 day simple moving average is $76.44.

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 issued a dividend of $1.34 per share. This represents a dividend yield of 2.6%. The ex-dividend date was Friday, November 15th. This is a positive change from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. Coca-Cola Europacific Partners’s dividend payout ratio (DPR) is presently 35.11%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday. Citigroup upgraded shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. downgraded shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $85.00 to $82.00 in a report on Wednesday, November 27th. BNP Paribas lowered shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price for the company. in a research report on Tuesday, September 10th. Finally, Sanford C. Bernstein started coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price target on the stock. Four research 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.44.

Coca-Cola Europacific Partners 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.