Sanctuary Advisors LLC Raises Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Sanctuary Advisors LLC lifted its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 5.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,190 shares of the company’s stock after buying an additional 1,567 shares during the quarter. Sanctuary Advisors LLC’s holdings in Coca-Cola Europacific Partners were worth $2,518,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CCEP. Lombard Odier Asset Management Europe Ltd grew its holdings in Coca-Cola Europacific Partners by 103.4% in 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 during the period. Diversified Trust Co purchased a new stake in Coca-Cola Europacific Partners in the third quarter valued at approximately $2,513,000. Marshall Wace LLP purchased a new stake in Coca-Cola Europacific Partners in the second quarter valued at approximately $1,846,000. Vontobel Holding Ltd. grew its holdings in Coca-Cola Europacific Partners by 2,575.0% in the third quarter. Vontobel Holding Ltd. now owns 256,029 shares of the company’s stock valued at $20,244,000 after purchasing an additional 246,458 shares during the period. Finally, Scientech Research LLC grew its holdings in Coca-Cola Europacific Partners by 82.8% in the second quarter. Scientech Research LLC now owns 18,833 shares of the company’s stock valued at $1,372,000 after purchasing an additional 8,533 shares during the period. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

NASDAQ CCEP opened at $77.55 on Wednesday. The company’s fifty day simple moving average is $77.48 and its 200-day simple moving average is $76.63. Coca-Cola Europacific Partners PLC has a 52 week low of $64.02 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.

Coca-Cola Europacific Partners Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were given a dividend of $1.34 per share. This is a boost from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, November 15th.

Analysts Set New Price Targets

CCEP has been the subject of a number of recent analyst reports. BNP Paribas downgraded shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price for the company. in a report on Tuesday, September 10th. Sanford C. Bernstein initiated coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted 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 research report on Monday, September 9th. UBS Group lifted their price target on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Citigroup raised shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. Four investment 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. According to data from MarketBeat, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and a consensus price target 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.