Daiwa Securities Group Inc. Increases Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Daiwa Securities Group Inc. boosted its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 11.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,557 shares of the company’s stock after acquiring an additional 4,516 shares during the period. Daiwa Securities Group Inc.’s holdings in Coca-Cola Europacific Partners were worth $3,588,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CCEP. Massachusetts Financial Services Co. MA increased its stake in Coca-Cola Europacific Partners by 1.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company’s stock worth $217,191,000 after acquiring an additional 32,776 shares during the last quarter. Samlyn Capital LLC grew its holdings in shares of Coca-Cola Europacific Partners by 23.2% during the second quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company’s stock worth $135,155,000 after purchasing an additional 349,466 shares in the last quarter. Millennium Management LLC increased its position in shares of Coca-Cola Europacific Partners by 7.6% in the second quarter. Millennium Management LLC now owns 1,636,023 shares of the company’s stock worth $119,217,000 after purchasing an additional 115,604 shares during the last quarter. Point72 Asset Management L.P. raised its stake in Coca-Cola Europacific Partners by 144.1% in the second quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company’s stock valued at $87,788,000 after purchasing an additional 711,121 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its position in Coca-Cola Europacific Partners by 3.4% during the second quarter. Public Sector Pension Investment Board now owns 887,013 shares of the company’s stock valued at $64,637,000 after purchasing an additional 29,181 shares during the last quarter. Institutional investors own 31.35% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CCEP shares. BNP Paribas cut 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. JPMorgan Chase & Co. downgraded Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $85.00 to $82.00 in a research report on Wednesday. Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Barclays raised their price objective on Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft upped their target price 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. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Coca-Cola Europacific Partners currently has an average rating of “Moderate Buy” and a consensus price target of $81.78.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $77.63 on Thursday. 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 fifty-two week low of $59.31 and a fifty-two week high of $82.32. The business has a 50 day moving average price of $77.67 and a 200-day moving average price of $76.17.

Coca-Cola Europacific Partners Increases Dividend

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

About Coca-Cola Europacific Partners

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.