Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Stake Lifted by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 2.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 76,347 shares of the company’s stock after buying an additional 1,770 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Coca-Cola Europacific Partners were worth $6,012,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Crewe Advisors LLC acquired a new position in shares of Coca-Cola Europacific Partners during the first quarter valued at $36,000. New Covenant Trust Company N.A. bought a new position in Coca-Cola Europacific Partners in the 1st quarter valued at about $36,000. New Millennium Group LLC acquired a new position in Coca-Cola Europacific Partners during the 2nd quarter valued at about $37,000. Whittier Trust Co. of Nevada Inc. raised its position 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 buying an additional 139 shares in the last quarter. Finally, Mather Group LLC. lifted its stake in shares of Coca-Cola Europacific Partners by 142.0% in the 2nd quarter. Mather Group LLC. now owns 668 shares of the company’s stock worth $47,000 after acquiring an additional 392 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Up 1.1 %

CCEP stock opened at $78.77 on Friday. The firm has a 50-day moving average of $78.39 and a two-hundred day moving average of $75.83. 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 one year low of $59.31 and a one year high of $82.32.

Coca-Cola Europacific Partners Increases Dividend

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

Analyst Ratings Changes

CCEP has been the topic of a number of research analyst reports. 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 note on Wednesday, November 6th. 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 note on Monday, September 9th. BNP Paribas cut Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price for the company. in a research note on Tuesday, September 10th. Citigroup upgraded shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Barclays upped their price target on shares of Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $81.22.

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.