Swiss National Bank Boosts Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Swiss National Bank boosted its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 0.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 619,014 shares of the company’s stock after purchasing an additional 3,200 shares during the period. Swiss National Bank owned about 0.14% of Coca-Cola Europacific Partners worth $48,747,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. State Board of Administration of Florida Retirement System raised its holdings in shares of Coca-Cola Europacific Partners by 16.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 13,881 shares of the company’s stock valued at $971,000 after acquiring an additional 2,000 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Coca-Cola Europacific Partners by 6.2% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 36,869 shares of the company’s stock worth $2,579,000 after purchasing an additional 2,137 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Coca-Cola Europacific Partners by 436.7% in the 1st quarter. Bessemer Group Inc. now owns 19,514 shares of the company’s stock worth $1,365,000 after purchasing an additional 15,878 shares during the period. Lake Street Advisors Group LLC boosted its stake in shares of Coca-Cola Europacific Partners by 6.7% during the 1st quarter. Lake Street Advisors Group LLC now owns 4,777 shares of the company’s stock valued at $334,000 after purchasing an additional 299 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its position in shares of Coca-Cola Europacific Partners by 8.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 273,836 shares of the company’s stock valued at $19,174,000 after buying an additional 21,894 shares during the period. Institutional investors own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. BNP Paribas downgraded Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective for the company. in a report on Tuesday, September 10th. Barclays boosted 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 increased 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 research note on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of 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. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola Europacific Partners currently has an average rating of “Moderate Buy” and an average price target of $81.22.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP opened at $75.99 on Thursday. Coca-Cola Europacific Partners PLC has a 12-month low of $59.31 and a 12-month high of $82.32. 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 business’s 50 day moving average is $77.98 and its 200 day moving average is $76.00.

Coca-Cola Europacific Partners Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a dividend yield of 2.6%.

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.