Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Acquired by Investment Management Corp of Ontario

Investment Management Corp of Ontario grew its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 18.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,660 shares of the company’s stock after purchasing an additional 2,100 shares during the period. Investment Management Corp of Ontario’s holdings in Coca-Cola Europacific Partners were worth $1,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in CCEP. Massachusetts Financial Services Co. MA boosted its position in shares of Coca-Cola Europacific Partners by 1.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company’s stock valued at $217,191,000 after acquiring an additional 32,776 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings 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 purchasing an additional 1,839,321 shares during the last quarter. Samlyn Capital LLC grew its stake 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 valued at $135,155,000 after buying an additional 349,466 shares during the period. Millennium Management LLC increased its holdings in shares of Coca-Cola Europacific Partners by 7.6% during the 2nd quarter. Millennium Management LLC now owns 1,636,023 shares of the company’s stock worth $119,217,000 after buying an additional 115,604 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its position in shares of Coca-Cola Europacific Partners by 144.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company’s stock valued at $87,788,000 after buying an additional 711,121 shares during the period. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Price Performance

NASDAQ:CCEP opened at $78.39 on Friday. Coca-Cola Europacific Partners PLC has a 12-month low of $62.00 and a 12-month high of $82.32. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12. The stock has a fifty day moving average price of $77.37 and a 200 day moving average price of $76.28.

Coca-Cola Europacific Partners Increases Dividend

The company also recently announced 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 dividend yield of 2.6%. 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.

Analysts Set New Price Targets

Several research firms have issued reports on CCEP. Deutsche Bank Aktiengesellschaft raised their target price on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a research note 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 target price on the stock. in a research report on Tuesday, September 10th. Sanford C. Bernstein initiated coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday. They set a “market perform” rating and a $82.00 price target for the company. Citigroup upgraded shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, Evercore ISI lifted their target price on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.11.

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.