Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by STF Management LP

STF Management LP lessened its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 7.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,684 shares of the company’s stock after selling 560 shares during the period. STF Management LP’s holdings in Coca-Cola Europacific Partners were worth $526,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System lifted its position in shares of Coca-Cola Europacific Partners by 16.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 13,881 shares of the company’s stock valued at $971,000 after acquiring an additional 2,000 shares in the last quarter. Bessemer Group Inc. boosted its stake in Coca-Cola Europacific Partners by 436.7% during the 1st quarter. Bessemer Group Inc. now owns 19,514 shares of the company’s stock worth $1,365,000 after purchasing an additional 15,878 shares during the last quarter. Crewe Advisors LLC purchased a new stake in shares of Coca-Cola Europacific Partners during the first quarter worth $36,000. Price T Rowe Associates Inc. MD raised its position in shares of Coca-Cola Europacific Partners by 13.3% in the first 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 last quarter. Finally, Waverly Advisors LLC lifted its stake in shares of Coca-Cola Europacific Partners by 1.0% in the first quarter. Waverly Advisors LLC now owns 14,856 shares of the company’s stock worth $1,039,000 after buying an additional 151 shares in the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CCEP has been the topic of several recent research reports. Barclays boosted their target price on Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Citigroup raised Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft boosted 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. Evercore ISI lifted their target price 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. 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 report on Tuesday, September 10th. Two 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, 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 %

CCEP stock opened at $78.09 on Friday. The company’s 50 day moving average price is $77.93 and its 200 day moving average price is $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 firm also recently announced a semi-annual dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be issued a $1.34 dividend. This represents a yield of 2.6%. 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.

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.