Quantbot Technologies LP Boosts Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Quantbot Technologies LP grew its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 617.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,660 shares of the company’s stock after buying an additional 38,433 shares during the period. Quantbot Technologies LP’s holdings in Coca-Cola Europacific Partners were worth $3,517,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CCEP. Price T Rowe Associates Inc. MD raised its position in shares of Coca-Cola Europacific Partners by 13.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 40,442 shares of the company’s stock valued at $2,829,000 after buying an additional 4,741 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of Coca-Cola Europacific Partners during the 1st quarter worth $8,663,000. California State Teachers Retirement System boosted its holdings in shares of Coca-Cola Europacific Partners by 13.5% during the first quarter. California State Teachers Retirement System now owns 221,119 shares of the company’s stock worth $15,467,000 after purchasing an additional 26,217 shares during the last quarter. iA Global Asset Management Inc. grew its position in shares of Coca-Cola Europacific Partners by 4.5% in the first quarter. iA Global Asset Management Inc. now owns 42,921 shares of the company’s stock valued at $3,002,000 after purchasing an additional 1,839 shares during the period. Finally, New Covenant Trust Company N.A. purchased a new stake in shares of Coca-Cola Europacific Partners in the first quarter valued at $36,000. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Performance

CCEP opened at $77.63 on Thursday. The firm’s 50 day moving average is $77.67 and its 200-day moving average is $76.17. 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 PLC has a 52-week low of $59.31 and a 52-week high of $82.32.

Coca-Cola Europacific Partners Increases Dividend

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

Analyst Ratings Changes

Several analysts have commented on CCEP shares. BNP Paribas cut Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price target for the company. in a report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft boosted 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 report on Monday, September 9th. Barclays increased 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 note on Thursday, November 7th. Evercore ISI boosted their price objective on shares of 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. Finally, JPMorgan Chase & Co. lowered Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $85.00 to $82.00 in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $81.78.

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.