Y Intercept Hong Kong Ltd purchased a new position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 7,850 shares of the company's stock, valued at approximately $618,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA increased its holdings in shares of Coca-Cola Europacific Partners by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company's stock valued at $217,191,000 after purchasing an additional 32,776 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Coca-Cola Europacific Partners by 307.3% in the 3rd 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 buying an additional 1,839,321 shares during the last quarter. Samlyn Capital LLC raised its holdings in 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 valued at $135,155,000 after acquiring an additional 349,466 shares during the period. Millennium Management LLC raised its holdings in Coca-Cola Europacific Partners by 7.6% in the 2nd quarter. Millennium Management LLC now owns 1,636,023 shares of the company's stock valued at $119,217,000 after acquiring an additional 115,604 shares during the period. Finally, Point72 Asset Management L.P. lifted its position 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 acquiring an additional 711,121 shares during the last quarter. Institutional investors own 31.35% of the company's stock.
Coca-Cola Europacific Partners Stock Down 0.3 %
Shares of NASDAQ CCEP traded down $0.25 during trading hours on Friday, hitting $78.86. 988,995 shares of the stock were exchanged, compared to its average volume of 1,406,710. The company's fifty day simple moving average is $77.46 and its two-hundred day simple moving average is $76.53. 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 1-year low of $63.80 and a 1-year 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 paid a $1.34 dividend. This is a positive change 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 dividend yield of 2.6%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on CCEP. Sanford C. Bernstein started coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a "market perform" rating and a $82.00 target price on the stock. Deutsche Bank Aktiengesellschaft increased their price objective 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. Barclays lifted their target price on Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the stock an "overweight" rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $85.00 to $82.00 in a research report on Wednesday, November 27th. Finally, 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. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $84.44.
Read Our Latest Analysis 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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