Verde Servicos Internacionais S.A. Takes $14.12 Million Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Verde Servicos Internacionais S.A. purchased a new position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 183,883 shares of the company’s stock, valued at approximately $14,124,000. Coca-Cola Europacific Partners comprises 6.1% of Verde Servicos Internacionais S.A.’s holdings, making the stock its 5th largest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. World Investment Advisors LLC purchased a new stake in shares of Coca-Cola Europacific Partners during the third quarter valued at approximately $6,975,000. Transform Wealth LLC boosted its stake in Coca-Cola Europacific Partners by 7.7% during the 4th quarter. Transform Wealth LLC now owns 138,691 shares of the company’s stock valued at $10,653,000 after purchasing an additional 9,864 shares during the last quarter. Diversified Trust Co bought a new stake in shares of Coca-Cola Europacific Partners in the 3rd quarter worth $2,513,000. Marshall Wace LLP purchased a new position in shares of Coca-Cola Europacific Partners in the second quarter worth $1,846,000. Finally, Vontobel Holding Ltd. increased its holdings in Coca-Cola Europacific Partners by 2,575.0% in the 3rd quarter. Vontobel Holding Ltd. now owns 256,029 shares of the company’s stock worth $20,244,000 after buying an additional 246,458 shares in the last quarter. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Up 1.9 %

Shares of CCEP stock opened at $78.23 on Tuesday. 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 has a fifty day simple moving average of $76.80 and a two-hundred day simple moving average of $77.06. Coca-Cola Europacific Partners PLC has a 52-week low of $65.77 and a 52-week high of $82.32.

Coca-Cola Europacific Partners Increases Dividend

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

Wall Street Analyst Weigh In

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

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.