Principal Street Partners LLC Increases Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Principal Street Partners LLC boosted its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 98.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,753 shares of the company’s stock after buying an additional 7,303 shares during the quarter. Principal Street Partners LLC’s holdings in Coca-Cola Europacific Partners were worth $1,076,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Coca-Cola Europacific Partners by 38.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock valued at $40,000 after acquiring an additional 139 shares in the last quarter. Janney Capital Management LLC boosted its stake in shares of Coca-Cola Europacific Partners by 4.4% during the 3rd quarter. Janney Capital Management LLC now owns 3,417 shares of the company’s stock worth $269,000 after purchasing an additional 145 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Coca-Cola Europacific Partners by 2.6% during the second quarter. Signaturefd LLC now owns 5,735 shares of the company’s stock worth $418,000 after buying an additional 147 shares in the last quarter. Waverly Advisors LLC raised its position in shares of Coca-Cola Europacific Partners by 1.0% in the first quarter. Waverly Advisors LLC now owns 14,856 shares of the company’s stock valued at $1,039,000 after buying an additional 151 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Coca-Cola Europacific Partners by 14.5% during the third quarter. CWM LLC now owns 1,318 shares of the company’s stock valued at $104,000 after buying an additional 167 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. BNP Paribas cut shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price for the company. in a research note on Tuesday, September 10th. Evercore ISI upped their target price 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. Deutsche Bank Aktiengesellschaft raised their price target 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. Barclays increased their price objective on shares of Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Citigroup upgraded shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.22.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock opened at $78.20 on Tuesday. Coca-Cola Europacific Partners PLC has a 1 year low of $59.31 and a 1 year high of $82.32. The firm’s 50-day moving average is $77.79 and its 200-day moving average is $76.13. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85.

Coca-Cola Europacific Partners Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be given a dividend of $1.34 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a dividend yield of 2.6%. This is a positive change from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79.

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.