KBC Group NV Has $2.89 Million Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

KBC Group NV raised its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 1.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,638 shares of the company’s stock after buying an additional 554 shares during the period. KBC Group NV’s holdings in Coca-Cola Europacific Partners were worth $2,885,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CCEP. State Board of Administration of Florida Retirement System grew its position in Coca-Cola Europacific Partners by 16.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 13,881 shares of the company’s stock worth $971,000 after acquiring an additional 2,000 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of Coca-Cola Europacific Partners by 2.8% during the first quarter. Orion Portfolio Solutions LLC now owns 31,290 shares of the company’s stock worth $2,189,000 after purchasing an additional 840 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Coca-Cola Europacific Partners by 6.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 36,869 shares of the company’s stock valued at $2,579,000 after buying an additional 2,137 shares during the period. Bessemer Group Inc. raised its holdings in Coca-Cola Europacific Partners by 436.7% in the 1st quarter. Bessemer Group Inc. now owns 19,514 shares of the company’s stock valued at $1,365,000 after buying an additional 15,878 shares during the last quarter. Finally, Lake Street Advisors Group LLC boosted its position in Coca-Cola Europacific Partners by 6.7% during the 1st quarter. Lake Street Advisors Group LLC now owns 4,777 shares of the company’s stock worth $334,000 after buying an additional 299 shares during the period. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP opened at $75.76 on Monday. Coca-Cola Europacific Partners PLC has a 52-week low of $59.31 and a 52-week high of $82.32. The business’s 50 day moving average price is $78.24 and its two-hundred day moving average price is $75.94. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63.

Coca-Cola Europacific Partners Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Citigroup upgraded shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. BNP Paribas downgraded Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price on the stock. in a report on Tuesday, September 10th. 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 note on Wednesday, November 6th. Barclays lifted their price objective on 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. Finally, Deutsche Bank Aktiengesellschaft increased 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 report on Monday, September 9th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Coca-Cola Europacific Partners currently has a consensus rating of “Moderate Buy” and an average target price of $81.22.

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.