Public Employees Retirement System of Ohio Makes New Investment in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Public Employees Retirement System of Ohio bought a new position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 47,625 shares of the company's stock, valued at approximately $3,750,000.

Several other hedge funds have also recently bought and sold shares of CCEP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of 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 worth $191,984,000 after buying an additional 1,839,321 shares during the period. Point72 Asset Management L.P. raised its holdings in shares of Coca-Cola Europacific Partners by 144.1% in the second quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company's stock valued at $87,788,000 after purchasing an additional 711,121 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Coca-Cola Europacific Partners in the third quarter worth $52,364,000. Point72 Europe London LLP acquired a new position in Coca-Cola Europacific Partners during the second quarter worth $26,341,000. Finally, Samlyn Capital LLC grew its position in 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 in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CCEP has been the subject of a number of recent research reports. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. Citigroup upgraded Coca-Cola Europacific Partners to a "strong-buy" rating in a research note on Thursday, October 3rd. UBS Group upped 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. Barclays raised their target price on shares of 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. Finally, Evercore ISI increased their price target on shares of 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. 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 stock. According to data from MarketBeat, Coca-Cola Europacific Partners has a consensus rating of "Moderate Buy" and an average target price of $84.44.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock traded down $1.43 during mid-day trading on Monday, reaching $77.43. 1,742,657 shares of the stock traded hands, compared to its average volume of 1,408,101. The stock's fifty day simple moving average is $77.47 and its two-hundred day simple moving average is $76.60. Coca-Cola Europacific Partners PLC has a 1-year low of $64.02 and a 1-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 declared a semi-annual dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were paid a dividend of $1.34 per share. The ex-dividend date was Friday, November 15th. This represents a dividend yield of 2.6%. This is an increase from Coca-Cola Europacific Partners's previous semi-annual dividend of $0.79.

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.