Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Acquired by Natixis Advisors L.P.

Natixis Advisors L.P. increased its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 9.0% in the 4th quarter, HoldingsChannel reports. The fund owned 416,495 shares of the company’s stock after acquiring an additional 34,458 shares during the period. Natixis Advisors L.P.’s holdings in Coca-Cola Europacific Partners were worth $27,796,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CCEP. Commonwealth Equity Services LLC boosted its stake in Coca-Cola Europacific Partners by 14.0% during the third quarter. Commonwealth Equity Services LLC now owns 35,344 shares of the company’s stock valued at $2,208,000 after buying an additional 4,328 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Coca-Cola Europacific Partners during the third quarter valued at $1,455,000. Raymond James & Associates lifted its holdings in shares of Coca-Cola Europacific Partners by 0.9% during the third quarter. Raymond James & Associates now owns 222,513 shares of the company’s stock valued at $13,903,000 after purchasing an additional 1,997 shares during the last quarter. Stratos Wealth Advisors LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 5.5% during the third quarter. Stratos Wealth Advisors LLC now owns 3,771 shares of the company’s stock valued at $236,000 after purchasing an additional 196 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 5.0% during the third quarter. Verdence Capital Advisors LLC now owns 8,715 shares of the company’s stock valued at $544,000 after purchasing an additional 413 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

Coca-Cola Europacific Partners stock opened at $71.81 on Friday. The business has a 50 day simple moving average of $69.96 and a 200 day simple moving average of $66.12. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.72 and a current ratio of 0.91. Coca-Cola Europacific Partners PLC has a one year low of $56.28 and a one year high of $72.67.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last posted its quarterly earnings data on Friday, February 23rd. The company reported $1.85 earnings per share for the quarter, meeting the consensus estimate of $1.85. Research analysts anticipate that Coca-Cola Europacific Partners PLC will post 4.15 EPS for the current fiscal year.

Coca-Cola Europacific Partners Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, May 23rd. Investors of record on Friday, May 10th will be paid a dividend of $0.79 per share. This represents a dividend yield of 5.6%. The ex-dividend date of this dividend is Thursday, May 9th.

Wall Street Analysts Forecast Growth

CCEP has been the topic of several research reports. StockNews.com raised Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. BNP Paribas raised Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price objective on the stock in a report on Friday, January 12th. Argus increased their price objective on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. UBS Group increased their price objective on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a “buy” rating in a report on Monday, February 26th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, Coca-Cola Europacific Partners currently has a consensus rating of “Buy” and an average price target of $75.78.

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.