Holocene Advisors LP Has $267.93 Million Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Holocene Advisors LP trimmed its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 19.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,402,278 shares of the company’s stock after selling 829,119 shares during the period. Coca-Cola Europacific Partners makes up 1.1% of Holocene Advisors LP’s portfolio, making the stock its 15th biggest holding. Holocene Advisors LP’s holdings in Coca-Cola Europacific Partners were worth $267,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Coca-Cola Europacific Partners by 38.1% in the third 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 during the period. New Millennium Group LLC bought a new stake in Coca-Cola Europacific Partners in the 2nd quarter valued at about $37,000. Plato Investment Management Ltd acquired a new position in shares of Coca-Cola Europacific Partners during the 3rd quarter worth approximately $50,000. Mather Group LLC. increased its holdings in shares of Coca-Cola Europacific Partners by 142.0% during the second quarter. Mather Group LLC. now owns 668 shares of the company’s stock worth $47,000 after purchasing an additional 392 shares during the period. Finally, Family Firm Inc. acquired a new stake in shares of Coca-Cola Europacific Partners in the second quarter valued at approximately $56,000. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Price Performance

Shares of Coca-Cola Europacific Partners stock opened at $78.15 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. The firm’s 50 day moving average is $77.52 and its 200 day moving average is $76.22. Coca-Cola Europacific Partners PLC has a 1 year low of $60.90 and a 1 year high of $82.32.

Coca-Cola Europacific Partners Increases Dividend

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

Analyst Ratings Changes

CCEP has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised their price objective 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. Citigroup raised Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. 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 note on Tuesday, September 10th. JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $85.00 to $82.00 in a report on Wednesday, November 27th. Finally, Evercore ISI upped their price target on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Three investment 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 company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $81.78.

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.