World Investment Advisors LLC Invests $6.98 Million in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

World Investment Advisors LLC bought a new position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 88,573 shares of the company's stock, valued at approximately $6,975,000.

Several other hedge funds also recently added to or reduced their stakes in CCEP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings 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 worth $191,984,000 after buying an additional 1,839,321 shares during the last quarter. Point72 Asset Management L.P. raised its stake in Coca-Cola Europacific Partners by 144.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company's stock worth $87,788,000 after acquiring an additional 711,121 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Coca-Cola Europacific Partners during the 3rd quarter worth about $52,364,000. Point72 Europe London LLP purchased a new stake in Coca-Cola Europacific Partners during the 2nd quarter valued at about $26,341,000. Finally, Samlyn Capital LLC increased its holdings in shares of Coca-Cola Europacific Partners by 23.2% in the second quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company's stock valued at $135,155,000 after purchasing an additional 349,466 shares during the period. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Trading Down 0.2 %

Shares of Coca-Cola Europacific Partners stock traded down $0.13 during trading hours on Friday, reaching $78.98. The stock had a trading volume of 329,310 shares, compared to its average volume of 1,403,923. The stock's 50 day moving average is $77.44 and its 200 day moving average is $76.46. 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 PLC has a twelve month low of $63.80 and a twelve month high of $82.32.

Coca-Cola Europacific Partners Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were issued 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 yield of 2.6%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Citigroup upgraded Coca-Cola Europacific Partners to a "strong-buy" rating in a research report on Thursday, October 3rd. Barclays upped their price objective on shares of Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Evercore ISI raised their target price on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. UBS Group boosted their target price on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a "buy" rating in a research report on Monday, September 9th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $84.44.

Coca-Cola Europacific Partners 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.