Truist Financial Corp Grows Position in Coca-Cola Europacific Partners PLC (NYSE:CCEP)

Truist Financial Corp increased its position in shares of Coca-Cola Europacific Partners PLC (NYSE:CCEP – Get Rating) by 38.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,509 shares of the company’s stock after purchasing an additional 20,301 shares during the period. Truist Financial Corp’s holdings in Coca-Cola Europacific Partners were worth $3,133,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Private Trust Co. NA bought a new stake in Coca-Cola Europacific Partners during the 2nd quarter valued at about $25,000. Ronald Blue Trust Inc. bought a new stake in Coca-Cola Europacific Partners during the 2nd quarter valued at about $26,000. New Millennium Group LLC bought a new stake in Coca-Cola Europacific Partners during the 2nd quarter valued at about $36,000. Neo Ivy Capital Management bought a new stake in Coca-Cola Europacific Partners during the 2nd quarter valued at about $40,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in Coca-Cola Europacific Partners by 33.3% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 892 shares of the company’s stock valued at $46,000 after buying an additional 223 shares in the last quarter. 28.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CCEP has been the subject of several recent research reports. Barclays reduced their price target on shares of Coca-Cola Europacific Partners from $62.00 to $61.00 and set an “overweight” rating for the company in a report on Tuesday, November 8th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Coca-Cola Europacific Partners from $63.00 to $66.00 in a report on Thursday, January 5th. StockNews.com lowered shares of Coca-Cola Europacific Partners from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Coca-Cola Europacific Partners to €66.50 ($71.51) and gave the company an “overweight” rating in a report on Thursday, December 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $61.27.

Coca-Cola Europacific Partners Stock Performance

NYSE CCEP opened at $56.29 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.75 and a debt-to-equity ratio of 1.42. The company has a 50 day moving average price of $53.55 and a 200 day moving average price of $50.70. Coca-Cola Europacific Partners PLC has a 52 week low of $41.80 and a 52 week high of $59.76.

Coca-Cola Europacific Partners Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Wednesday, December 7th. Investors of record on Friday, November 18th were paid a dividend of $1.11 per share. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend was Thursday, November 17th. This is a positive change from Coca-Cola Europacific Partners’s previous semi-annual dividend of $1.00.

About Coca-Cola Europacific Partners

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Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. The company 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.