Massachusetts Financial Services Co. MA boosted its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,757,976 shares of the company's stock after purchasing an additional 32,776 shares during the quarter. Massachusetts Financial Services Co. MA's holdings in Coca-Cola Europacific Partners were worth $217,191,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in CCEP. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 38.1% in the third 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 during the period. Janney Capital Management LLC grew its holdings in shares of Coca-Cola Europacific Partners by 4.4% during the third quarter. Janney Capital Management LLC now owns 3,417 shares of the company's stock valued at $269,000 after buying an additional 145 shares during the last quarter. Signaturefd LLC raised its position in Coca-Cola Europacific Partners by 2.6% during the 2nd quarter. Signaturefd LLC now owns 5,735 shares of the company's stock worth $418,000 after buying an additional 147 shares during the last quarter. Waverly Advisors LLC raised its position in Coca-Cola Europacific Partners by 1.0% during the first quarter. Waverly Advisors LLC now owns 14,856 shares of the company's stock valued at $1,039,000 after acquiring an additional 151 shares in the last quarter. Finally, CWM LLC increased its holdings in Coca-Cola Europacific Partners by 14.5% in the third quarter. CWM LLC now owns 1,318 shares of the company's stock valued at $104,000 after buying an additional 167 shares in the last quarter. Institutional investors own 31.35% of the company's stock.
Coca-Cola Europacific Partners Stock Up 0.1 %
Shares of NASDAQ:CCEP traded up $0.10 on Friday, reaching $78.21. 1,005,332 shares of the company's stock were exchanged, compared to its average volume of 1,262,075. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. The business's 50-day moving average is $77.87 and its two-hundred day moving average is $76.06. Coca-Cola Europacific Partners PLC has a fifty-two week low of $59.31 and a fifty-two week high of $82.32.
Coca-Cola Europacific Partners Increases Dividend
The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be issued a $1.34 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Coca-Cola Europacific Partners's previous semi-annual dividend of $0.79. This represents a dividend yield of 2.6%.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on CCEP. BNP Paribas cut shares of 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. Barclays increased their target price on shares of Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the stock an "overweight" rating in a research note on Thursday, November 7th. Evercore ISI boosted their price objective on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Citigroup upgraded shares of Coca-Cola Europacific Partners to a "strong-buy" rating in a report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective 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. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Coca-Cola Europacific Partners has an average rating of "Moderate Buy" and a consensus target price of $81.22.
Read Our Latest Report on CCEP
Coca-Cola Europacific Partners Company Profile
(
Free Report)
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.
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