Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Bought by Principal Street Partners LLC

Principal Street Partners LLC grew its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 98.0% during the third quarter, Holdings Channel.com reports. The firm owned 14,753 shares of the company’s stock after buying an additional 7,303 shares during the quarter. Principal Street Partners LLC’s holdings in Coca-Cola Europacific Partners were worth $1,076,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of CCEP. Massachusetts Financial Services Co. MA increased its stake in 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 during the period. Samlyn Capital LLC raised its holdings in Coca-Cola Europacific Partners by 23.2% during the second quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company’s stock worth $135,155,000 after purchasing an additional 349,466 shares in the last quarter. Millennium Management LLC lifted its position in Coca-Cola Europacific Partners by 7.6% in 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 period. Point72 Asset Management L.P. boosted its stake in 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 in the last quarter. Finally, Public Sector Pension Investment Board raised its stake 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 worth $64,637,000 after buying an additional 29,181 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CCEP has been the subject of several research reports. Evercore ISI raised their target price on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Citigroup raised shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft increased their target price 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. Barclays lifted their price target on shares of 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. Finally, 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 research report on Tuesday, September 10th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $81.22.

Coca-Cola Europacific Partners Price Performance

NASDAQ:CCEP opened at $78.20 on Tuesday. The firm’s fifty day simple moving average is $77.79 and its 200 day simple moving average is $76.13. Coca-Cola Europacific Partners PLC has a 1 year low of $59.31 and a 1 year high of $82.32. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12.

Coca-Cola Europacific Partners Increases Dividend

The company 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. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. This represents a yield of 2.6%.

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.