Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Bought by Transamerica Financial Advisors Inc.

Transamerica Financial Advisors Inc. boosted its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 2,217.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,483 shares of the company’s stock after buying an additional 1,419 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Coca-Cola Europacific Partners were worth $117,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its position in Coca-Cola Europacific Partners by 1.2% during 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 buying an additional 32,776 shares during the period. Samlyn Capital LLC grew its position 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. Millennium Management LLC grew its position in shares of Coca-Cola Europacific Partners by 7.6% in the second quarter. Millennium Management LLC now owns 1,636,023 shares of the company’s stock valued at $119,217,000 after purchasing an additional 115,604 shares during the period. Point72 Asset Management L.P. grew its position 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 period. Finally, Public Sector Pension Investment Board grew its position in shares of Coca-Cola Europacific Partners by 3.4% in the second quarter. Public Sector Pension Investment Board now owns 887,013 shares of the company’s stock valued at $64,637,000 after purchasing an additional 29,181 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Down 0.4 %

Shares of CCEP stock opened at $77.63 on Thursday. 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 firm’s 50-day moving average is $77.67 and its two-hundred day moving average is $76.17. Coca-Cola Europacific Partners PLC has a 12 month low of $59.31 and a 12 month high of $82.32.

Coca-Cola Europacific Partners Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be paid a dividend of $1.34 per share. The ex-dividend date is Friday, November 15th. This is an increase from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. This represents a yield of 2.6%.

Wall Street Analyst Weigh In

CCEP has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $85.00 to $82.00 in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of 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. Citigroup upgraded shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. Barclays lifted 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 report on Thursday, November 7th. Finally, Evercore ISI raised 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 note on Wednesday, November 6th. Three 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $81.78.

About Coca-Cola Europacific Partners

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.