Plato Investment Management Ltd Acquires Shares of 639 Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Plato Investment Management Ltd purchased a new position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 639 shares of the company’s stock, valued at approximately $50,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCEP. Crewe Advisors LLC bought a new stake in shares of Coca-Cola Europacific Partners during the 1st quarter valued at about $36,000. New Covenant Trust Company N.A. bought a new position in shares of Coca-Cola Europacific Partners during the first quarter valued at approximately $36,000. New Millennium Group LLC bought a new position in shares of Coca-Cola Europacific Partners during the second quarter valued at approximately $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 purchasing an additional 139 shares during the period. Finally, Mather Group LLC. lifted its holdings 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 purchasing an additional 392 shares during the last quarter. 31.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CCEP. Barclays increased their target price on Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the stock 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 objective on the stock. in a research report on Tuesday, September 10th. Citigroup raised shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft raised 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 note on Monday, September 9th. Finally, Evercore ISI boosted their price objective on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $81.22.

Coca-Cola Europacific Partners Trading Down 3.8 %

Shares of NASDAQ:CCEP opened at $75.76 on Friday. The stock’s 50 day moving average price is $78.33 and its 200 day moving average price is $75.85. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. Coca-Cola Europacific Partners PLC has a 12 month low of $59.31 and a 12 month 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. Stockholders of record on Friday, November 15th will be issued 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 dividend yield of 2.6%.

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.