2,097 Shares in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB purchased a new stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,097 shares of the company’s stock, valued at approximately $165,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. World Investment Advisors LLC purchased a new stake in shares of Coca-Cola Europacific Partners during the third quarter worth approximately $6,975,000. Sanctuary Advisors LLC grew its holdings in Coca-Cola Europacific Partners by 5.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 32,190 shares of the company’s stock worth $2,518,000 after acquiring an additional 1,567 shares in the last quarter. Virtu Financial LLC increased its position in shares of Coca-Cola Europacific Partners by 133.7% in the 3rd quarter. Virtu Financial LLC now owns 15,139 shares of the company’s stock valued at $1,192,000 after purchasing an additional 8,661 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Coca-Cola Europacific Partners by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock valued at $160,138,000 after purchasing an additional 58,247 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Coca-Cola Europacific Partners during the 3rd quarter worth $3,750,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on CCEP. JPMorgan Chase & Co. downgraded Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $85.00 to $82.00 in a report on Wednesday, November 27th. UBS Group boosted their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. BNP Paribas downgraded Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price target for the company. in a report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft raised 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 report on Monday, September 9th. Finally, Evercore ISI upped 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 investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.44.

Coca-Cola Europacific Partners Trading Down 2.7 %

NASDAQ:CCEP opened at $75.49 on Thursday. 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’s 50 day simple moving average is $77.43 and its 200-day simple moving average is $76.62. Coca-Cola Europacific Partners PLC has a 12-month low of $64.25 and a 12-month high of $82.32. The firm has a market cap of $34.48 billion, a P/E ratio of 16.85, a PEG ratio of 3.85 and a beta of 0.90.

Coca-Cola Europacific Partners Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th were given a dividend of $1.34 per share. The ex-dividend date was 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. Coca-Cola Europacific Partners’s dividend payout ratio is presently 35.27%.

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.