Assenagon Asset Management S.A. Acquires 260 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Assenagon Asset Management S.A. raised its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEPFree Report) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,851 shares of the company’s stock after buying an additional 260 shares during the period. Assenagon Asset Management S.A.’s holdings in Coca-Cola Europacific Partners were worth $1,525,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Coca-Cola Europacific Partners by 38.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock valued at $40,000 after acquiring an additional 139 shares in the last quarter. Plato Investment Management Ltd bought a new position in shares of Coca-Cola Europacific Partners in the third quarter valued at approximately $50,000. Brown Brothers Harriman & Co. raised its position in shares of Coca-Cola Europacific Partners by 1,604.0% in the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock valued at $67,000 after purchasing an additional 802 shares during the period. Blue Trust Inc. lifted its stake in shares of Coca-Cola Europacific Partners by 21.5% in the third quarter. Blue Trust Inc. now owns 1,023 shares of the company’s stock worth $75,000 after buying an additional 181 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 14.5% during the 3rd quarter. CWM LLC now owns 1,318 shares of the company’s stock worth $104,000 after buying an additional 167 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Down 1.0 %

Shares of NASDAQ CCEP opened at $76.31 on Friday. Coca-Cola Europacific Partners PLC has a one year low of $65.77 and a one year high of $82.32. The business has a fifty day simple moving average of $76.83 and a 200 day simple moving average of $76.97. 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 disclosed a semi-annual dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were paid a $1.34 dividend. This is a boost from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. The ex-dividend date of this dividend was Friday, November 15th. This represents a dividend yield of 2.6%.

Analyst Ratings Changes

A number of research firms have weighed in on CCEP. Sanford C. Bernstein assumed coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 target price for the company. Barclays cut their price objective on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. lowered Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $85.00 to $82.00 in a report on Wednesday, November 27th. UBS Group upped their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $84.11.

Get Our Latest Analysis on CCEP

Coca-Cola Europacific Partners Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Coca-Cola Europacific Partners (NASDAQ:CCEP)

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