Daiwa Securities Group Inc. Acquires 4,516 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Daiwa Securities Group Inc. boosted its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 11.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 45,557 shares of the company’s stock after buying an additional 4,516 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Coca-Cola Europacific Partners were worth $3,588,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CCEP. Price T Rowe Associates Inc. MD boosted its holdings in shares of Coca-Cola Europacific Partners by 13.3% during the 1st 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 in the last quarter. Janus Henderson Group PLC purchased a new position in Coca-Cola Europacific Partners during the 1st quarter valued at about $8,663,000. California State Teachers Retirement System grew its stake in shares of Coca-Cola Europacific Partners by 13.5% in the 1st quarter. California State Teachers Retirement System now owns 221,119 shares of the company’s stock worth $15,467,000 after buying an additional 26,217 shares during the last quarter. iA Global Asset Management Inc. increased its position in Coca-Cola Europacific Partners by 4.5% during the 1st quarter. iA Global Asset Management Inc. now owns 42,921 shares of the company’s stock valued at $3,002,000 after buying an additional 1,839 shares in the last quarter. Finally, New Covenant Trust Company N.A. purchased a new position in Coca-Cola Europacific Partners during the first quarter valued at $36,000. 31.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CCEP has been the subject of several analyst reports. Evercore ISI raised their price target on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Barclays raised their price objective on shares of Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. downgraded shares of 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 note on Wednesday. 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 report on Monday, September 9th. 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 report on Tuesday, September 10th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and an average target price of $81.78.

Coca-Cola Europacific Partners Stock Down 0.4 %

Shares of CCEP opened at $77.63 on Thursday. The firm has a fifty day simple moving average of $77.67 and a two-hundred day simple moving average of $76.17. 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.

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 given a dividend of $1.34 per share. This represents a yield of 2.6%. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79.

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.