ING Groep NV Has $2.73 Million Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

ING Groep NV cut its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 25.0% during the third quarter, Holdings Channel.com reports. The fund owned 34,634 shares of the company’s stock after selling 11,518 shares during the period. ING Groep NV’s holdings in Coca-Cola Europacific Partners were worth $2,727,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CCEP. New Covenant Trust Company N.A. bought a new stake in Coca-Cola Europacific Partners during the 1st quarter worth approximately $36,000. Crewe Advisors LLC bought a new stake in Coca-Cola Europacific Partners in the 1st quarter valued at $36,000. New Millennium Group LLC bought a new position in Coca-Cola Europacific Partners in the 2nd quarter valued at about $37,000. 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 acquiring an additional 139 shares during the period. Finally, Mather Group LLC. increased its stake in Coca-Cola Europacific Partners by 142.0% during the 2nd quarter. Mather Group LLC. now owns 668 shares of the company’s stock worth $47,000 after acquiring an additional 392 shares during the period. 31.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on CCEP shares. Deutsche Bank Aktiengesellschaft boosted their price target on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Evercore ISI upped their target price 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. Citigroup upgraded shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. Barclays raised their price objective on Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, BNP Paribas lowered shares of 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. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.22.

Coca-Cola Europacific Partners Trading Down 2.1 %

NASDAQ:CCEP opened at $75.76 on Friday. 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 twelve month low of $59.31 and a twelve month high of $82.32. The company has a fifty day moving average of $78.24 and a 200-day moving average of $75.88.

Coca-Cola Europacific Partners Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be issued a dividend of $1.34 per share. 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. This represents a dividend yield of 2.6%.

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.