Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 4.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 76,449 shares of the company’s stock after buying an additional 3,131 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Coca-Cola Europacific Partners were worth $6,020,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CCEP. Massachusetts Financial Services Co. MA grew its holdings 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 worth $217,191,000 after purchasing an additional 32,776 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Coca-Cola Europacific Partners by 307.3% during 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 worth $191,984,000 after acquiring an additional 1,839,321 shares in the last quarter. Samlyn Capital LLC increased its holdings 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 buying an additional 349,466 shares during the last quarter. Millennium Management LLC raised its position 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 valued at $119,217,000 after acquiring an additional 115,604 shares in the last quarter. Finally, Point72 Asset Management L.P. lifted its position in shares of Coca-Cola Europacific Partners by 144.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company’s stock worth $87,788,000 after buying an additional 711,121 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP stock opened at $79.11 on Friday. 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 12 month low of $63.80 and a 12 month high of $82.32. The firm has a market cap of $36.14 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 3.79 and a beta of 0.90. The stock has a 50-day moving average price of $77.39 and a 200 day moving average price of $76.44.

Coca-Cola Europacific Partners Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were given a dividend of $1.34 per share. This is a positive change from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, November 15th. Coca-Cola Europacific Partners’s payout ratio is presently 35.11%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CCEP shares. Evercore ISI lifted their price target on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their price objective on 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. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday. Barclays upped their price target on 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, BNP Paribas cut shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price target on the stock. in a report on Tuesday, September 10th. Four research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $84.44.

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.