IHT Wealth Management LLC Acquires 1,232 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

IHT Wealth Management LLC raised its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 43.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,041 shares of the company’s stock after acquiring an additional 1,232 shares during the quarter. IHT Wealth Management LLC’s holdings in Coca-Cola Europacific Partners were worth $317,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. New Millennium Group LLC bought a new position in shares of Coca-Cola Europacific Partners during the 2nd quarter worth $37,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of Coca-Cola Europacific Partners by 38.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock worth $40,000 after buying an additional 139 shares in the last quarter. Plato Investment Management Ltd bought a new position in shares of Coca-Cola Europacific Partners during the 3rd quarter worth $50,000. Family Firm Inc. bought a new position in shares of Coca-Cola Europacific Partners during the 2nd quarter worth $56,000. Finally, Brown Brothers Harriman & Co. grew its position in shares of Coca-Cola Europacific Partners by 1,604.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock worth $67,000 after buying an additional 802 shares in the last quarter. Institutional investors own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CCEP. JPMorgan Chase & Co. downgraded 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 report on Wednesday, November 27th. Citigroup raised Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. Sanford C. Bernstein began coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price objective on the stock. Barclays raised their price objective on Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $83.11.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ:CCEP opened at $78.72 on Tuesday. Coca-Cola Europacific Partners PLC has a 52-week low of $62.93 and a 52-week high of $82.32. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. The business has a 50-day moving average price of $77.34 and a 200-day moving average price of $76.38.

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 paid a $1.34 dividend. This represents a dividend yield of 2.6%. 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.

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.