Pathstone Holdings LLC Boosts Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Pathstone Holdings LLC raised its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 1.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,473 shares of the company’s stock after purchasing an additional 756 shares during the quarter. Pathstone Holdings LLC’s holdings in Coca-Cola Europacific Partners were worth $3,738,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Coca-Cola Europacific Partners by 13.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 40,442 shares of the company’s stock valued at $2,829,000 after buying an additional 4,741 shares during the period. Waverly Advisors LLC lifted its position in shares of Coca-Cola Europacific Partners by 1.0% during the first quarter. Waverly Advisors LLC now owns 14,856 shares of the company’s stock worth $1,039,000 after purchasing an additional 151 shares in the last quarter. L1 Capital International Pty Ltd increased its stake in Coca-Cola Europacific Partners by 2.7% during the 1st quarter. L1 Capital International Pty Ltd now owns 120,740 shares of the company’s stock worth $8,366,000 after buying an additional 3,212 shares during the period. Janus Henderson Group PLC acquired a new stake in Coca-Cola Europacific Partners during the 1st quarter worth approximately $8,663,000. Finally, Dynasty Wealth Management LLC purchased a new position in Coca-Cola Europacific Partners in the 1st quarter valued at approximately $579,000. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CCEP. BNP Paribas cut Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a research note on Tuesday, September 10th. Citigroup raised Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft boosted their price objective on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Evercore ISI raised their target price on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, Barclays lifted their price target on shares of 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. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.22.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock opened at $78.21 on Friday. The stock’s 50-day moving average is $77.87 and its two-hundred day moving average is $76.08. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners PLC has a 1 year low of $59.31 and a 1 year high of $82.32.

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 dividend of $1.34 per share. This represents a yield of 2.6%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79.

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.