Manning & Napier Advisors LLC Has $3.12 Million Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Manning & Napier Advisors LLC reduced its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 4.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 40,605 shares of the company’s stock after selling 1,685 shares during the period. Manning & Napier Advisors LLC’s holdings in Coca-Cola Europacific Partners were worth $3,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Coca-Cola Europacific Partners by 307.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock valued at $191,984,000 after purchasing an additional 1,839,321 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Coca-Cola Europacific Partners during the 3rd quarter worth approximately $52,364,000. Vontobel Holding Ltd. boosted its stake in Coca-Cola Europacific Partners by 2,575.0% in the 3rd quarter. Vontobel Holding Ltd. now owns 256,029 shares of the company’s stock valued at $20,244,000 after purchasing an additional 246,458 shares during the period. SG Americas Securities LLC grew its holdings in Coca-Cola Europacific Partners by 120.8% in the 4th quarter. SG Americas Securities LLC now owns 433,121 shares of the company’s stock valued at $33,268,000 after buying an additional 236,917 shares in the last quarter. Finally, Verde Servicos Internacionais S.A. bought a new position in Coca-Cola Europacific Partners during the 4th quarter worth $14,124,000. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP opened at $78.18 on Thursday. The firm has a 50 day simple moving average of $76.87 and a two-hundred day simple moving average of $77.11. Coca-Cola Europacific Partners PLC has a one year low of $65.77 and a one year 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.

Coca-Cola Europacific Partners Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were given a dividend of $1.34 per share. This is an increase from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. This represents a dividend yield of 2.6%. The ex-dividend date was Friday, November 15th.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CCEP. Citigroup raised shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 target price on the stock. JPMorgan Chase & Co. downgraded shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, UBS Group raised their price objective on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Four investment 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $84.11.

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.