Point72 DIFC Ltd Invests $2.39 Million in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Point72 DIFC Ltd bought a new position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30,362 shares of the company's stock, valued at approximately $2,391,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lombard Odier Asset Management Europe Ltd lifted its position in shares of Coca-Cola Europacific Partners by 103.4% during 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. Cetera Advisors LLC lifted its position in shares of Coca-Cola Europacific Partners by 234.1% during the 1st quarter. Cetera Advisors LLC now owns 10,325 shares of the company's stock valued at $722,000 after buying an additional 7,235 shares in the last quarter. Diversified Trust Co purchased a new position in shares of Coca-Cola Europacific Partners during the 3rd quarter valued at about $2,513,000. Manning & Napier Advisors LLC purchased a new position in shares of Coca-Cola Europacific Partners during the 2nd quarter valued at about $3,068,000. Finally, Marshall Wace LLP purchased a new position in shares of Coca-Cola Europacific Partners during the 2nd quarter valued at about $1,846,000. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Trading Up 1.3 %

NASDAQ:CCEP traded up $1.03 during trading hours on Thursday, reaching $78.39. The stock had a trading volume of 1,445,418 shares, compared to its average volume of 1,404,030. 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 PLC has a 52 week low of $62.00 and a 52 week high of $82.32. The company has a 50 day moving average price of $77.37 and a two-hundred day moving average price of $76.28.

Coca-Cola Europacific Partners Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, December 3rd. Shareholders 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 of this dividend was Friday, November 15th. This represents a yield of 2.6%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CCEP shares. Barclays lifted their target price on Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the company an "overweight" rating in a research note on Thursday, November 7th. BNP Paribas downgraded Coca-Cola Europacific Partners from an "outperform" rating to a "neutral" rating and set a $81.00 target price on the stock. in a research note on Tuesday, September 10th. Evercore ISI lifted their target price on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. downgraded Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. Finally, Sanford C. Bernstein started coverage on Coca-Cola Europacific Partners in a research note on Tuesday. They set a "market perform" rating and a $82.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Coca-Cola Europacific Partners presently has an average rating of "Moderate Buy" and a consensus target price of $83.11.

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.