Virtu Financial LLC Increases Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Virtu Financial LLC lifted its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 133.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,139 shares of the company’s stock after buying an additional 8,661 shares during the quarter. Virtu Financial LLC’s holdings in Coca-Cola Europacific Partners were worth $1,192,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of Coca-Cola Europacific Partners by 0.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 46,994 shares of the company’s stock valued at $3,424,000 after purchasing an additional 186 shares during the period. Raymond James & Associates grew its position in shares of Coca-Cola Europacific Partners by 10.4% during the second quarter. Raymond James & Associates now owns 217,161 shares of the company’s stock worth $15,825,000 after acquiring an additional 20,443 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Coca-Cola Europacific Partners by 8.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 13,202 shares of the company’s stock valued at $962,000 after acquiring an additional 996 shares during the period. &PARTNERS raised its position in Coca-Cola Europacific Partners by 175.7% in the 2nd quarter. &PARTNERS now owns 8,138 shares of the company’s stock valued at $593,000 after purchasing an additional 5,186 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in Coca-Cola Europacific Partners by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 36,500 shares of the company’s stock worth $2,660,000 after purchasing an additional 700 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Down 0.3 %

NASDAQ:CCEP opened at $78.86 on Friday. Coca-Cola Europacific Partners PLC has a 1 year low of $63.80 and a 1 year high of $82.32. The stock has a fifty day moving average price of $77.46 and a two-hundred day moving average price of $76.50. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12.

Coca-Cola Europacific Partners Increases Dividend

The business 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 a boost from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. The ex-dividend date of this dividend was Friday, November 15th. This represents a dividend yield of 2.6%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. UBS Group boosted their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research report on Thursday. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Sanford C. Bernstein started coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 target price on the stock. Finally, BNP Paribas downgraded Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price target for the company. in a report on Tuesday, September 10th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and an average price target 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.