OneDigital Investment Advisors LLC Decreases Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

OneDigital Investment Advisors LLC reduced its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 29.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,241 shares of the company’s stock after selling 1,327 shares during the period. OneDigital Investment Advisors LLC’s holdings in Coca-Cola Europacific Partners were worth $255,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Samlyn Capital LLC grew its position 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 last quarter. Millennium Management LLC grew its holdings in shares of Coca-Cola Europacific Partners by 7.6% during the second quarter. Millennium Management LLC now owns 1,636,023 shares of the company’s stock worth $119,217,000 after purchasing an additional 115,604 shares during the last quarter. Point72 Asset Management L.P. increased its position in shares of 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 purchasing an additional 711,121 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Coca-Cola Europacific Partners by 3.4% in the 2nd 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 last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Coca-Cola Europacific Partners by 60.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 556,862 shares of the company’s stock valued at $40,567,000 after purchasing an additional 209,300 shares during the period. 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 $78.21 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. The stock has a 50 day simple moving average of $77.87 and a 200-day simple moving average of $76.06. 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 firm also recently announced a semi-annual dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be issued a $1.34 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a yield of 2.6%. This is an increase from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CCEP shares. Barclays lifted their price target on Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Citigroup upgraded shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. BNP Paribas downgraded shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a research report on Tuesday, September 10th. Evercore ISI increased their target price 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. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.22.

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.