Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Short Interest Update

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 3,030,000 shares, a growth of 29.5% from the October 31st total of 2,340,000 shares. Based on an average daily volume of 1,350,000 shares, the short-interest ratio is currently 2.2 days. Currently, 1.5% of the company’s shares are sold short.

Coca-Cola Europacific Partners Trading Down 0.1 %

Shares of NASDAQ CCEP opened at $77.58 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners has a fifty-two week low of $59.31 and a fifty-two week high of $82.32. The firm’s 50-day simple moving average is $77.52 and its 200 day simple moving average is $76.22.

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

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Several institutional investors have recently bought and sold shares of CCEP. Massachusetts Financial Services Co. MA boosted its holdings in Coca-Cola Europacific Partners by 1.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company’s stock worth $217,191,000 after acquiring an additional 32,776 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Coca-Cola Europacific Partners by 307.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock valued at $191,984,000 after purchasing an additional 1,839,321 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Coca-Cola Europacific Partners by 2.9% during the third quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock valued at $160,138,000 after purchasing an additional 58,247 shares in the last quarter. Samlyn Capital LLC boosted its holdings in Coca-Cola Europacific Partners by 23.2% during the second quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company’s stock worth $135,155,000 after purchasing an additional 349,466 shares during the last quarter. Finally, Millennium Management LLC grew its position in Coca-Cola Europacific Partners by 7.6% in the 2nd quarter. Millennium Management LLC now owns 1,636,023 shares of the company’s stock worth $119,217,000 after purchasing an additional 115,604 shares in the last quarter. Institutional investors own 31.35% of the company’s stock.

Analyst Ratings Changes

CCEP has been the topic of several recent analyst reports. BNP Paribas lowered Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price target on the stock. in a research note on Tuesday, September 10th. Evercore ISI boosted their target price on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their target price on shares of 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. Barclays lifted their price target on shares of Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Finally, Citigroup raised shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.