Transform Wealth LLC Has $10.65 Million Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Transform Wealth LLC boosted its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 138,691 shares of the company’s stock after purchasing an additional 9,864 shares during the quarter. Transform Wealth LLC’s holdings in Coca-Cola Europacific Partners were worth $10,653,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lombard Odier Asset Management Europe Ltd increased its position in Coca-Cola Europacific Partners by 103.4% in the 2nd quarter. Lombard Odier Asset Management Europe Ltd now owns 92,770 shares of the company’s stock valued at $6,760,000 after buying an additional 47,165 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Coca-Cola Europacific Partners in the 3rd quarter valued at $6,975,000. Diversified Trust Co acquired a new stake in Coca-Cola Europacific Partners in the 3rd quarter valued at $2,513,000. Marshall Wace LLP bought a new stake in Coca-Cola Europacific Partners during the 2nd quarter valued at $1,846,000. Finally, Vontobel Holding Ltd. lifted its stake in shares of Coca-Cola Europacific Partners by 2,575.0% in the third quarter. Vontobel Holding Ltd. now owns 256,029 shares of the company’s stock valued at $20,244,000 after buying an additional 246,458 shares in the last quarter. 31.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CCEP shares. JPMorgan Chase & Co. downgraded shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $85.00 to $82.00 in a research report on Wednesday, November 27th. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. UBS Group lifted their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Barclays decreased their price target on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a report on Friday. Finally, Sanford C. Bernstein began 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 on the stock. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.11.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock opened at $77.07 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners PLC has a 52 week low of $65.74 and a 52 week high of $82.32. The firm’s 50-day simple moving average is $76.83 and its two-hundred day simple moving average is $76.95.

Coca-Cola Europacific Partners Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were paid a $1.34 dividend. This is an increase 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.