Ingalls & Snyder LLC Has $1.53 Million Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Ingalls & Snyder LLC decreased its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 11.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,366 shares of the company’s stock after selling 2,540 shares during the period. Ingalls & Snyder LLC’s holdings in Coca-Cola Europacific Partners were worth $1,525,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Coca-Cola Europacific Partners by 307.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock valued at $191,984,000 after acquiring an additional 1,839,321 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of 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 valued at $87,788,000 after purchasing an additional 711,121 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Coca-Cola Europacific Partners during the third quarter valued at about $52,364,000. Point72 Europe London LLP purchased a new stake in Coca-Cola Europacific Partners in the 2nd quarter valued at about $26,341,000. Finally, Samlyn Capital LLC lifted its position 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 buying an additional 349,466 shares in the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ CCEP opened at $78.05 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners PLC has a fifty-two week low of $60.90 and a fifty-two week high of $82.32. The stock has a fifty day moving average of $77.41 and a 200-day moving average of $76.25.

Coca-Cola Europacific Partners Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were given a dividend of $1.34 per share. 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. This represents a dividend yield of 2.6%. Coca-Cola Europacific Partners’s dividend payout ratio is currently 35.11%.

Analyst Ratings Changes

A number of analysts recently commented on CCEP shares. Evercore ISI increased their price target 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 upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. Sanford C. Bernstein started coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday. They set a “market perform” rating and a $82.00 price target for the company. BNP Paribas lowered 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 report on Tuesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and an average price target of $81.80.

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.