Thrivent Financial for Lutherans Trims Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Thrivent Financial for Lutherans trimmed its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 36.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 137,772 shares of the company’s stock after selling 80,120 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Coca-Cola Europacific Partners were worth $10,849,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CCEP. New Covenant Trust Company N.A. purchased a new position in Coca-Cola Europacific Partners during the first quarter valued at approximately $36,000. Crewe Advisors LLC purchased a new stake in shares of Coca-Cola Europacific Partners during the first quarter valued at about $36,000. New Millennium Group LLC bought a new stake in shares of Coca-Cola Europacific Partners in the 2nd quarter valued at about $37,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Coca-Cola Europacific Partners by 38.1% during the 3rd 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 in the last quarter. Finally, Mather Group LLC. grew its holdings in Coca-Cola Europacific Partners by 142.0% in the second quarter. Mather Group LLC. now owns 668 shares of the company’s stock worth $47,000 after purchasing an additional 392 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. BNP Paribas lowered Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price on the stock. in a research report on Tuesday, September 10th. Evercore ISI lifted their price objective on shares of 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. Barclays raised their target price on 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. Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.22.

Coca-Cola Europacific Partners Stock Up 2.8 %

NASDAQ:CCEP opened at $78.09 on Friday. The company has a fifty day moving average of $77.93 and a two-hundred day moving average of $76.01. Coca-Cola Europacific Partners PLC has a fifty-two week low of $59.31 and a fifty-two week high of $82.32. 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 Increases Dividend

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

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.