Healthcare of Ontario Pension Plan Trust Fund Increases Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Healthcare of Ontario Pension Plan Trust Fund raised its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 13.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 275,294 shares of the company’s stock after buying an additional 32,138 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Coca-Cola Europacific Partners were worth $21,679,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CCEP. Lombard Odier Asset Management Europe Ltd lifted its holdings in Coca-Cola Europacific Partners by 103.4% during the second quarter. Lombard Odier Asset Management Europe Ltd now owns 92,770 shares of the company’s stock valued at $6,760,000 after purchasing an additional 47,165 shares in the last quarter. Cetera Advisors LLC lifted its position in shares of Coca-Cola Europacific Partners by 234.1% in the first quarter. Cetera Advisors LLC now owns 10,325 shares of the company’s stock valued at $722,000 after acquiring an additional 7,235 shares in the last quarter. Diversified Trust Co acquired a new stake in shares of Coca-Cola Europacific Partners in the third quarter worth approximately $2,513,000. Manning & Napier Advisors LLC purchased a new stake in shares of Coca-Cola Europacific Partners during the second quarter worth approximately $3,068,000. Finally, Marshall Wace LLP acquired a new position in Coca-Cola Europacific Partners in the 2nd quarter valued at $1,846,000. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Down 0.4 %

CCEP stock opened at $77.63 on Friday. Coca-Cola Europacific Partners PLC has a 52-week low of $59.31 and a 52-week high of $82.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. The business has a fifty day moving average of $77.59 and a two-hundred day moving average of $76.18.

Coca-Cola Europacific Partners Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CCEP. Barclays lifted their target price on shares of Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Evercore ISI boosted their price target on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. downgraded shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $85.00 to $82.00 in a report on Wednesday. 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 report on Tuesday, September 10th. Finally, Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. Three research 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.78.

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.