Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,048,176 shares of the company's stock after purchasing an additional 58,247 shares during the period. Geode Capital Management LLC's holdings in Coca-Cola Europacific Partners were worth $160,138,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Coca-Cola Europacific Partners by 307.3% during 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 period. Point72 Asset Management L.P. boosted its stake in Coca-Cola Europacific Partners by 144.1% during the second quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company's stock worth $87,788,000 after buying an additional 711,121 shares during the period. Janus Henderson Group PLC bought a new position in Coca-Cola Europacific Partners during the third quarter valued at $52,364,000. Point72 Europe London LLP purchased a new stake in shares of Coca-Cola Europacific Partners in the second quarter valued at $26,341,000. Finally, Samlyn Capital LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 23.2% in the 2nd quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company's stock worth $135,155,000 after acquiring an additional 349,466 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CCEP has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a "buy" rating in a research report on Monday, September 9th. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research report on Monday, December 9th. JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $85.00 to $82.00 in a research note on Wednesday, November 27th. BNP Paribas downgraded 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 report on Tuesday, September 10th. Finally, Evercore ISI upped their price target on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Four equities 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $84.44.

Coca-Cola Europacific Partners Price Performance

CCEP stock traded down $1.43 during mid-day trading on Monday, reaching $77.43. The company had a trading volume of 1,742,657 shares, compared to its average volume of 1,408,101. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. The firm has a fifty day simple moving average of $77.46 and a 200 day simple moving average of $76.56. Coca-Cola Europacific Partners PLC has a fifty-two week low of $64.02 and a fifty-two week 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. Stockholders 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. This represents a dividend yield of 2.6%. 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.