Brown Brothers Harriman & Co. Has $67,000 Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Brown Brothers Harriman & Co. raised its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 1,604.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 852 shares of the company’s stock after buying an additional 802 shares during the period. Brown Brothers Harriman & Co.’s holdings in Coca-Cola Europacific Partners were worth $67,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd increased its stake in shares of Coca-Cola Europacific Partners by 52.0% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 21,202 shares of the company’s stock valued at $1,669,000 after acquiring an additional 7,257 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Coca-Cola Europacific Partners during the third quarter valued at approximately $1,050,000. Daiwa Securities Group Inc. increased its stake in Coca-Cola Europacific Partners by 11.0% in the third quarter. Daiwa Securities Group Inc. now owns 45,557 shares of the company’s stock valued at $3,588,000 after purchasing an additional 4,516 shares in the last quarter. Penserra Capital Management LLC raised its holdings in Coca-Cola Europacific Partners by 28,069.4% in the third quarter. Penserra Capital Management LLC now owns 10,141 shares of the company’s stock worth $798,000 after purchasing an additional 10,105 shares during the period. Finally, Cerity Partners LLC boosted its position in shares of Coca-Cola Europacific Partners by 33.7% during the third quarter. Cerity Partners LLC now owns 18,822 shares of the company’s stock worth $1,482,000 after purchasing an additional 4,743 shares in the last quarter. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock opened at $77.63 on Friday. Coca-Cola Europacific Partners PLC has a 12 month low of $59.31 and a 12 month high of $82.32. The company’s fifty day simple moving average is $77.59 and its 200-day simple moving average is $76.18. 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 firm also recently disclosed a semi-annual dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be paid a dividend of $1.34 per share. This represents a dividend yield of 2.6%. This is an increase from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. The ex-dividend date of this dividend is Friday, November 15th.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Citigroup upgraded shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. Evercore ISI increased their price target on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. BNP Paribas cut Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft increased their target price on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Finally, JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $85.00 to $82.00 in a report on Wednesday. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.78.

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.