National Bank of Canada FI Has $1.12 Million Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

National Bank of Canada FI decreased its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,208 shares of the company’s stock after selling 140 shares during the period. National Bank of Canada FI’s holdings in Coca-Cola Europacific Partners were worth $1,119,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Lombard Odier Asset Management Europe Ltd lifted its position in shares of Coca-Cola Europacific Partners by 103.4% during the second quarter. Lombard Odier Asset Management Europe Ltd now owns 92,770 shares of the company’s stock worth $6,760,000 after purchasing an additional 47,165 shares in the last quarter. Diversified Trust Co acquired a new position in Coca-Cola Europacific Partners during the 3rd quarter worth $2,513,000. Marshall Wace LLP bought a new position in Coca-Cola Europacific Partners in the 2nd quarter valued at $1,846,000. Vontobel Holding Ltd. increased its stake in shares of 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 buying an additional 246,458 shares during the period. Finally, Scientech Research LLC raised its position in shares of Coca-Cola Europacific Partners by 82.8% during the second quarter. Scientech Research LLC now owns 18,833 shares of the company’s stock worth $1,372,000 after acquiring an additional 8,533 shares during the last quarter. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Down 0.3 %

Shares of Coca-Cola Europacific Partners stock opened at $78.86 on Friday. Coca-Cola Europacific Partners PLC has a 12 month low of $63.80 and a 12 month high of $82.32. 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 stock’s fifty day simple moving average is $77.46 and its 200 day simple moving average is $76.53.

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 issued a dividend of $1.34 per share. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays raised their price target 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. Evercore ISI lifted 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 research report on Wednesday, November 6th. UBS Group increased their price objective on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Finally, Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.44.

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.