Victory Capital Management Inc. Purchases 156,620 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Victory Capital Management Inc. grew its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 110.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 298,671 shares of the company’s stock after acquiring an additional 156,620 shares during the quarter. Victory Capital Management Inc. owned about 0.07% of Coca-Cola Europacific Partners worth $19,933,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. bought a new position in Coca-Cola Europacific Partners during the fourth quarter valued at $25,165,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 152.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 545,273 shares of the company’s stock valued at $34,069,000 after acquiring an additional 329,395 shares during the last quarter. Northern Trust Corp grew its position in Coca-Cola Europacific Partners by 24.6% in the third quarter. Northern Trust Corp now owns 1,413,900 shares of the company’s stock worth $88,340,000 after acquiring an additional 279,218 shares in the last quarter. Verde Servicos Internacionais S.A. bought a new stake in Coca-Cola Europacific Partners during the third quarter worth approximately $16,421,000. Finally, Invesco Ltd. raised its position in Coca-Cola Europacific Partners by 28.9% during the third quarter. Invesco Ltd. now owns 1,045,397 shares of the company’s stock valued at $65,316,000 after purchasing an additional 234,537 shares during the period. 31.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. UBS Group increased their price target on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a “buy” rating in a report on Monday, February 26th. StockNews.com upgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a report on Monday, February 26th. BNP Paribas upgraded shares of Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price target on the stock in a report on Friday, January 12th. Deutsche Bank Aktiengesellschaft boosted their target price on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Finally, Argus increased their price target on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $75.78.

Coca-Cola Europacific Partners Trading Up 0.2 %

Shares of NASDAQ:CCEP opened at $73.64 on Friday. The business’s 50 day moving average is $70.08 and its 200 day moving average is $66.49. Coca-Cola Europacific Partners PLC has a 52-week low of $56.28 and a 52-week high of $73.67. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.72.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last released its quarterly earnings data on Friday, February 23rd. The company reported $1.85 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.85. Sell-side analysts predict that Coca-Cola Europacific Partners PLC will post 4.15 EPS for the current fiscal year.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, May 23rd. Investors of record on Friday, May 10th will be given a dividend of $0.79 per share. This represents a yield of 5.6%. The ex-dividend date is Thursday, May 9th.

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.