Foundry Partners LLC Reduces Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Foundry Partners LLC decreased its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 211,516 shares of the company’s stock after selling 1,347 shares during the period. Coca-Cola Europacific Partners comprises 0.8% of Foundry Partners LLC’s portfolio, making the stock its 29th largest holding. Foundry Partners LLC’s holdings in Coca-Cola Europacific Partners were worth $16,657,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCEP. Point72 Asset Management L.P. increased its position in shares of Coca-Cola Europacific Partners by 144.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company’s stock valued at $87,788,000 after purchasing an additional 711,121 shares during the last quarter. Point72 Europe London LLP bought a new position in Coca-Cola Europacific Partners in the second quarter worth approximately $26,341,000. Samlyn Capital LLC boosted its stake in shares of Coca-Cola Europacific Partners by 23.2% during the 2nd quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company’s stock worth $135,155,000 after acquiring an additional 349,466 shares during the last quarter. Vontobel Holding Ltd. grew its position in shares of Coca-Cola Europacific Partners by 2,575.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 256,029 shares of the company’s stock valued at $20,244,000 after acquiring an additional 246,458 shares during the period. Finally, Andra AP fonden purchased a new stake in shares of Coca-Cola Europacific Partners in the 2nd quarter worth $15,889,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Down 0.1 %

NASDAQ CCEP opened at $75.99 on Thursday. 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 1-year low of $59.31 and a 1-year high of $82.32. The business has a 50 day simple moving average of $77.98 and a two-hundred day simple moving average of $76.00.

Coca-Cola Europacific Partners Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Barclays lifted their target price on Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. BNP Paribas downgraded shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price target on the stock. in a report on Tuesday, September 10th. Evercore ISI raised 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 report on Wednesday, November 6th. Citigroup raised Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft upped 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 analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.22.

Coca-Cola Europacific Partners Company 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.