Dai ichi Life Insurance Company Ltd Has $1.49 Million Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Dai ichi Life Insurance Company Ltd lifted its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 30.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,878 shares of the company’s stock after purchasing an additional 4,400 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Coca-Cola Europacific Partners were worth $1,487,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Point72 Asset Management L.P. grew its holdings in Coca-Cola Europacific Partners by 144.1% during the second quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company’s stock worth $87,788,000 after purchasing an additional 711,121 shares during the period. Point72 Europe London LLP bought a new position in shares of Coca-Cola Europacific Partners during the 2nd quarter worth approximately $26,341,000. Samlyn Capital LLC increased its holdings in shares of Coca-Cola Europacific Partners by 23.2% during the 2nd quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company’s stock worth $135,155,000 after acquiring an additional 349,466 shares during the last quarter. Vontobel Holding Ltd. raised its stake in Coca-Cola Europacific Partners by 2,575.0% in the 3rd quarter. Vontobel Holding Ltd. now owns 256,029 shares of the company’s stock valued at $20,244,000 after acquiring an additional 246,458 shares during the period. Finally, Andra AP fonden acquired a new stake in Coca-Cola Europacific Partners during the 2nd quarter valued at $15,889,000. 31.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Evercore ISI increased their price objective on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. lowered Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $85.00 to $82.00 in a research note on Wednesday. Finally, BNP Paribas downgraded Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price target for the company. in a research note on Tuesday, September 10th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and an average target price of $81.78.

Coca-Cola Europacific Partners Trading Down 0.4 %

Shares of NASDAQ CCEP opened at $77.63 on Thursday. Coca-Cola Europacific Partners PLC has a 52 week low of $59.31 and a 52 week high of $82.32. The stock’s fifty day moving average is $77.67 and its 200 day moving average is $76.17. 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 company 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. This represents a dividend yield of 2.6%. The ex-dividend date is Friday, November 15th. This is an increase from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79.

Coca-Cola Europacific Partners 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.