Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. cut its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 18.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,879 shares of the company’s stock after selling 884 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Coca-Cola Europacific Partners were worth $305,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC increased its position in Coca-Cola Europacific Partners by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock worth $160,138,000 after purchasing an additional 58,247 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Coca-Cola Europacific Partners during the third quarter worth approximately $3,750,000. Nomura Asset Management Co. Ltd. increased its position in shares of Coca-Cola Europacific Partners by 4.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 76,449 shares of the company’s stock worth $6,020,000 after acquiring an additional 3,131 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Coca-Cola Europacific Partners in the 3rd quarter valued at $618,000. Finally, MML Investors Services LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 6.4% during the 3rd quarter. MML Investors Services LLC now owns 6,390 shares of the company’s stock valued at $503,000 after acquiring an additional 384 shares in the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Trading Down 0.3 %

Shares of NASDAQ:CCEP opened at $78.86 on Monday. The company has a fifty day simple moving average of $77.46 and a 200 day simple moving average of $76.56. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. Coca-Cola Europacific Partners PLC has a 12-month low of $63.80 and a 12-month high of $82.32.

Coca-Cola Europacific Partners Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were given a $1.34 dividend. The ex-dividend date was Friday, November 15th. 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.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CCEP shares. Barclays increased their price target 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. BNP Paribas downgraded 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. Deutsche Bank Aktiengesellschaft upped their price target on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Evercore ISI lifted 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, 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 note on Thursday. Four 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’s stock. According to MarketBeat.com, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and a consensus target price of $84.44.

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.