Penserra Capital Management LLC Buys 10,105 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Penserra Capital Management LLC lifted its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 28,069.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,141 shares of the company’s stock after purchasing an additional 10,105 shares during the quarter. Penserra Capital Management LLC’s holdings in Coca-Cola Europacific Partners were worth $798,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CCEP. Cerity Partners LLC raised its position in shares of Coca-Cola Europacific Partners by 33.7% during the 3rd quarter. Cerity Partners LLC now owns 18,822 shares of the company’s stock valued at $1,482,000 after buying an additional 4,743 shares in the last quarter. Icon Wealth Advisors LLC bought a new stake in Coca-Cola Europacific Partners during the third quarter worth approximately $424,000. Citigroup Inc. raised its position in Coca-Cola Europacific Partners by 9.8% during the third quarter. Citigroup Inc. now owns 630,779 shares of the company’s stock valued at $49,674,000 after purchasing an additional 56,551 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Coca-Cola Europacific Partners by 1.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company’s stock valued at $217,191,000 after purchasing an additional 32,776 shares during the last quarter. Finally, Moran Wealth Management LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 1.1% in the 3rd quarter. Moran Wealth Management LLC now owns 44,217 shares of the company’s stock worth $3,482,000 after purchasing an additional 460 shares during the period. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Down 0.4 %

Shares of NASDAQ CCEP opened at $77.63 on Thursday. Coca-Cola Europacific Partners PLC has a twelve month low of $59.31 and a twelve month high of $82.32. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. The business has a fifty day simple moving average of $77.67 and a two-hundred day simple moving average of $76.17.

Coca-Cola Europacific Partners Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be paid a $1.34 dividend. The ex-dividend date of this dividend 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 brokerages recently issued reports on CCEP. Barclays raised their price target on Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the stock an “overweight” rating in a research report on Thursday, November 7th. Evercore ISI raised their target price on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their price target 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. JPMorgan Chase & Co. downgraded shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $85.00 to $82.00 in a research note on Wednesday. Finally, Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.