Zions Bancorporation N.A. Increases Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Zions Bancorporation N.A. increased its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 7.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,064 shares of the company’s stock after purchasing an additional 520 shares during the quarter. Zions Bancorporation N.A.’s holdings in Coca-Cola Europacific Partners were worth $556,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CCEP. Bessemer Group Inc. increased its position in shares of Coca-Cola Europacific Partners by 436.7% during the first quarter. Bessemer Group Inc. now owns 19,514 shares of the company’s stock worth $1,365,000 after purchasing an additional 15,878 shares in the last quarter. Lombard Odier Asset Management Europe Ltd increased its position in Coca-Cola Europacific Partners by 103.4% during the 2nd quarter. Lombard Odier Asset Management Europe Ltd now owns 92,770 shares of the company’s stock valued at $6,760,000 after buying an additional 47,165 shares in the last quarter. Dynasty Wealth Management LLC purchased a new stake in Coca-Cola Europacific Partners in the first quarter valued at about $579,000. Cetera Advisors LLC raised its stake in Coca-Cola Europacific Partners by 234.1% in the first quarter. Cetera Advisors LLC now owns 10,325 shares of the company’s stock valued at $722,000 after buying an additional 7,235 shares during the last quarter. Finally, Diversified Trust Co acquired a new stake in Coca-Cola Europacific Partners in the third quarter worth about $2,513,000. Institutional investors own 31.35% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on CCEP. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Barclays lifted their price objective on shares of Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Evercore ISI upped their target price on 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. Citigroup raised Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, BNP Paribas downgraded Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price target on the stock. in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and an average price target of $81.22.

Coca-Cola Europacific Partners Stock Down 3.8 %

Coca-Cola Europacific Partners stock opened at $75.76 on Friday. The business’s 50-day moving average price is $78.33 and its 200 day moving average price is $75.85. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners PLC has a 52 week low of $59.31 and a 52 week high of $82.32.

Coca-Cola Europacific Partners Increases Dividend

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

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.