Point72 Hong Kong Ltd Takes $1.98 Million Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Point72 Hong Kong Ltd bought a new position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 25,117 shares of the company’s stock, valued at approximately $1,978,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCEP. Whittier Trust Co. of Nevada Inc. grew 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 worth $40,000 after buying an additional 139 shares during the period. New Millennium Group LLC purchased a new stake in Coca-Cola Europacific Partners during the 2nd quarter worth $37,000. Plato Investment Management Ltd acquired a new stake in Coca-Cola Europacific Partners in the 3rd quarter valued at $50,000. Mather Group LLC. raised its position in Coca-Cola Europacific Partners by 142.0% in the second quarter. Mather Group LLC. now owns 668 shares of the company’s stock valued at $47,000 after purchasing an additional 392 shares during the period. Finally, Family Firm Inc. purchased a new position in Coca-Cola Europacific Partners in the second quarter valued at about $56,000. Institutional investors and hedge funds own 31.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Evercore ISI increased their target price on 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. BNP Paribas downgraded shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective for the company. in a research report on Tuesday, September 10th. JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $85.00 to $82.00 in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft raised their price target 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. Finally, Barclays boosted their price objective on shares of Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $81.78.

Coca-Cola Europacific Partners Stock Down 0.1 %

NASDAQ CCEP opened at $77.58 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. Coca-Cola Europacific Partners PLC has a 12 month low of $59.31 and a 12 month high of $82.32. The company’s fifty day moving average price is $77.52 and its two-hundred day moving average price is $76.22.

Coca-Cola Europacific Partners Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be paid a $1.34 dividend. This represents a 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 is Friday, November 15th.

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.