Public Employees Retirement System of Ohio Makes New $3.75 Million Investment in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Public Employees Retirement System of Ohio bought a new position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the third quarter, according to its most recent disclosure with the SEC. The firm bought 47,625 shares of the company’s stock, valued at approximately $3,750,000.

Several other institutional investors have also modified their holdings of CCEP. Whittier Trust Co. of Nevada Inc. increased its position 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 worth $40,000 after purchasing an additional 139 shares during the last quarter. New Millennium Group LLC acquired a new stake in shares of Coca-Cola Europacific Partners during the 2nd quarter worth approximately $37,000. Plato Investment Management Ltd purchased a new stake in shares of Coca-Cola Europacific Partners during the 3rd quarter valued at approximately $50,000. Family Firm Inc. acquired a new position in Coca-Cola Europacific Partners in the second quarter valued at approximately $56,000. Finally, Brown Brothers Harriman & Co. grew its position in Coca-Cola Europacific Partners by 1,604.0% in the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock worth $67,000 after acquiring an additional 802 shares during the period. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on CCEP. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. UBS Group upped their target price on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft upped 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 lifted 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 assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.44.

Coca-Cola Europacific Partners Stock Down 0.3 %

Shares of CCEP opened at $78.86 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners PLC has a fifty-two week low of $63.80 and a fifty-two week high of $82.32. The firm’s 50 day moving average price is $77.46 and its 200 day moving average price is $76.56.

Coca-Cola Europacific Partners Increases Dividend

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

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.