Caisse DE Depot ET Placement DU Quebec Lowers Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Caisse DE Depot ET Placement DU Quebec cut its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 82.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,800 shares of the company’s stock after selling 40,600 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Coca-Cola Europacific Partners were worth $693,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. increased its stake in Coca-Cola Europacific Partners by 38.1% during the 3rd 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. New Millennium Group LLC purchased a new stake in shares of Coca-Cola Europacific Partners during the second quarter worth $37,000. Plato Investment Management Ltd acquired a new stake in shares of Coca-Cola Europacific Partners in the third quarter valued at $50,000. Mather Group LLC. boosted its holdings in Coca-Cola Europacific Partners by 142.0% in the second quarter. Mather Group LLC. now owns 668 shares of the company’s stock valued at $47,000 after purchasing an additional 392 shares during the period. Finally, Family Firm Inc. acquired a new position in Coca-Cola Europacific Partners during the 2nd quarter worth $56,000. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock opened at $78.05 on Wednesday. The stock’s 50-day moving average is $77.41 and its two-hundred day moving average is $76.25. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners PLC has a 1 year low of $60.90 and a 1 year high of $82.32.

Coca-Cola Europacific Partners Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CCEP shares. Sanford C. Bernstein initiated coverage on Coca-Cola Europacific Partners in a research report on Tuesday. They issued a “market perform” rating and a $82.00 price target on the stock. Barclays lifted their price target 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. Deutsche Bank Aktiengesellschaft increased their price objective 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. BNP Paribas cut shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective for the company. in a research report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. lowered 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 report on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola Europacific Partners currently has a consensus rating of “Moderate Buy” and an average target price of $81.80.

Coca-Cola Europacific Partners 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.