Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Acquired by Transamerica Financial Advisors Inc.

Transamerica Financial Advisors Inc. raised its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 2,217.2% in the third quarter, Holdings Channel.com reports. The fund owned 1,483 shares of the company’s stock after purchasing an additional 1,419 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Coca-Cola Europacific Partners were worth $117,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. increased its position in shares of Coca-Cola Europacific Partners by 38.1% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock valued at $40,000 after acquiring an additional 139 shares during the last quarter. New Millennium Group LLC acquired a new stake in shares of Coca-Cola Europacific Partners during the second quarter valued at about $37,000. New Covenant Trust Company N.A. acquired a new stake in shares of Coca-Cola Europacific Partners during the first quarter valued at about $36,000. Plato Investment Management Ltd acquired a new stake in shares of Coca-Cola Europacific Partners during the third quarter valued at about $50,000. Finally, Mather Group LLC. increased its position in shares of Coca-Cola Europacific Partners by 142.0% during the second quarter. Mather Group LLC. now owns 668 shares of the company’s stock valued at $47,000 after acquiring an additional 392 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CCEP has been the subject of a number of research reports. BNP Paribas cut shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective for the company. in a report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft lifted 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 report on Monday, September 9th. Evercore ISI lifted 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 report on Wednesday, November 6th. JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $85.00 to $82.00 in a report on Wednesday. Finally, Citigroup upgraded shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and an average price target of $81.78.

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP opened at $77.63 on Thursday. 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 52 week low of $59.31 and a 52 week high of $82.32. The firm has a 50 day moving average of $77.67 and a two-hundred day moving average of $76.17.

Coca-Cola Europacific Partners Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be given a dividend of $1.34 per share. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend 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 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.