KBC Group NV Has $2.89 Million Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

KBC Group NV lifted its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 1.5% during the third quarter, Holdings Channel.com reports. The firm owned 36,638 shares of the company’s stock after purchasing an additional 554 shares during the period. KBC Group NV’s holdings in Coca-Cola Europacific Partners were worth $2,885,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CCEP. New Covenant Trust Company N.A. bought a new position in shares of Coca-Cola Europacific Partners in the first quarter valued at $36,000. Crewe Advisors LLC acquired a new position in Coca-Cola Europacific Partners during the 1st quarter valued at about $36,000. New Millennium Group LLC bought a new stake in Coca-Cola Europacific Partners during the 2nd quarter worth approximately $37,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Coca-Cola Europacific Partners by 38.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock worth $40,000 after purchasing an additional 139 shares during the last quarter. Finally, Mather Group LLC. lifted its holdings in shares of 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 in the last quarter. 31.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CCEP shares. Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Barclays increased 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 report on Thursday, November 7th. Evercore ISI boosted 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 report on Wednesday, November 6th. 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 note on Monday, September 9th. Finally, BNP Paribas downgraded 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 note on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $81.22.

Coca-Cola Europacific Partners Stock Down 3.8 %

NASDAQ:CCEP opened at $75.76 on Monday. Coca-Cola Europacific Partners PLC has a 1 year low of $59.31 and a 1 year high of $82.32. The business has a fifty day simple moving average of $78.24 and a two-hundred day simple moving average of $75.94. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63.

Coca-Cola Europacific Partners Increases Dividend

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

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.