PNC Financial Services Group Inc. Boosts Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

PNC Financial Services Group Inc. boosted its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 6.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,394 shares of the company’s stock after acquiring an additional 815 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Coca-Cola Europacific Partners were worth $1,134,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pathstone Holdings LLC raised its position in shares of Coca-Cola Europacific Partners by 1.6% during the 3rd quarter. Pathstone Holdings LLC now owns 47,473 shares of the company’s stock valued at $3,738,000 after buying an additional 756 shares in the last quarter. Swiss National Bank raised its position in Coca-Cola Europacific Partners by 0.5% during the third quarter. Swiss National Bank now owns 619,014 shares of the company’s stock valued at $48,747,000 after purchasing an additional 3,200 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Coca-Cola Europacific Partners by 3.8% during the third quarter. CIBC Asset Management Inc now owns 101,404 shares of the company’s stock worth $7,986,000 after purchasing an additional 3,742 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Coca-Cola Europacific Partners by 4.7% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,949 shares of the company’s stock worth $547,000 after purchasing an additional 314 shares in the last quarter. Finally, Zions Bancorporation N.A. increased its position in shares of Coca-Cola Europacific Partners by 7.9% during the 3rd quarter. Zions Bancorporation N.A. now owns 7,064 shares of the company’s stock valued at $556,000 after purchasing an additional 520 shares during the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Down 0.4 %

Coca-Cola Europacific Partners stock opened at $77.63 on Thursday. 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 1-year low of $59.31 and a 1-year high of $82.32. The firm has a 50-day moving average of $77.67 and a 200-day moving average of $76.17.

Coca-Cola Europacific Partners Increases Dividend

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

Analyst Ratings Changes

A number of research firms recently weighed in on CCEP. JPMorgan Chase & Co. downgraded Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $85.00 to $82.00 in a research report on Wednesday. Evercore ISI boosted 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 report on Wednesday, November 6th. Citigroup raised shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Barclays boosted 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. Finally, 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. Three research 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 stock. According to MarketBeat, Coca-Cola Europacific Partners currently has an average rating of “Moderate Buy” and an average target price of $81.78.

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.