Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Stock Holdings Decreased by Natixis Advisors LLC

Natixis Advisors LLC lessened its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 4.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 398,759 shares of the company’s stock after selling 19,100 shares during the quarter. Natixis Advisors LLC’s holdings in Coca-Cola Europacific Partners were worth $31,402,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of CCEP. New Covenant Trust Company N.A. bought a new position in Coca-Cola Europacific Partners during the 1st quarter worth approximately $36,000. Crewe Advisors LLC bought a new position in Coca-Cola Europacific Partners during the first quarter worth $36,000. New Millennium Group LLC acquired a new position in Coca-Cola Europacific Partners in the second quarter worth $37,000. Whittier Trust Co. of Nevada Inc. increased its stake in Coca-Cola Europacific Partners by 38.1% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock valued at $40,000 after purchasing an additional 139 shares during the last quarter. Finally, Mather Group LLC. raised its holdings in shares of Coca-Cola Europacific Partners by 142.0% during the second quarter. Mather Group LLC. now owns 668 shares of the company’s stock worth $47,000 after purchasing an additional 392 shares during the period. Institutional investors own 31.35% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CCEP shares. Barclays boosted their price objective on shares of Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Citigroup raised Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft raised their price target on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Evercore ISI upped their price objective on 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, BNP Paribas cut Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price on the stock. in a research note on Tuesday, September 10th. Two 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 data from MarketBeat, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and an average target price of $81.22.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP opened at $75.76 on Monday. 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 firm has a 50-day moving average price of $78.24 and a 200 day moving average price of $75.94. Coca-Cola Europacific Partners PLC has a 52-week low of $59.31 and a 52-week high of $82.32.

Coca-Cola Europacific Partners Increases Dividend

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

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.