Verde Servicos Internacionais S.A. Buys New Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Verde Servicos Internacionais S.A. purchased a new stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the fourth quarter, HoldingsChannel reports. The fund purchased 183,883 shares of the company’s stock, valued at approximately $14,124,000. Coca-Cola Europacific Partners accounts for approximately 6.1% of Verde Servicos Internacionais S.A.’s portfolio, making the stock its 5th largest holding.

Other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its position 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 valued at $217,191,000 after buying an additional 32,776 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Coca-Cola Europacific Partners by 307.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock valued at $191,984,000 after purchasing an additional 1,839,321 shares during the period. Geode Capital Management LLC lifted its stake 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 during the last quarter. Point72 Asset Management L.P. increased its position in shares of Coca-Cola Europacific Partners by 144.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company’s stock valued at $87,788,000 after purchasing an additional 711,121 shares during the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in Coca-Cola Europacific Partners during the 3rd quarter valued at $52,364,000. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Up 1.9 %

Shares of Coca-Cola Europacific Partners stock opened at $78.23 on Tuesday. Coca-Cola Europacific Partners PLC has a 12-month low of $65.77 and a 12-month high of $82.32. The firm’s 50 day simple moving average is $76.80 and its two-hundred day simple moving average is $77.06. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85.

Coca-Cola Europacific Partners Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were paid a $1.34 dividend. 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 was Friday, November 15th. This represents a yield of 2.6%.

Wall Street Analysts Forecast Growth

CCEP has been the topic of a number of analyst reports. Citigroup upgraded shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. Barclays cut their price target on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Sanford C. Bernstein initiated coverage on shares of Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price target on the stock. Finally, JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $85.00 to $82.00 in a report on Wednesday, November 27th. Four equities research 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 currently has an average rating of “Moderate Buy” and a consensus target price of $84.11.

Coca-Cola Europacific Partners Company 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.