Tokio Marine Asset Management Co. Ltd. Increases Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 4.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,949 shares of the company’s stock after acquiring an additional 314 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Coca-Cola Europacific Partners were worth $547,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CCEP. Zions Bancorporation N.A. increased its position in shares of Coca-Cola Europacific Partners by 7.9% during the 3rd quarter. Zions Bancorporation N.A. now owns 7,064 shares of the company’s stock valued at $556,000 after purchasing an additional 520 shares during the last quarter. KBC Group NV grew its position in Coca-Cola Europacific Partners by 1.5% during the third quarter. KBC Group NV now owns 36,638 shares of the company’s stock valued at $2,885,000 after buying an additional 554 shares during the period. Plato Investment Management Ltd purchased a new stake in Coca-Cola Europacific Partners during the third quarter worth about $50,000. Oppenheimer & Co. Inc. raised its position in Coca-Cola Europacific Partners by 15.5% in the third quarter. Oppenheimer & Co. Inc. now owns 4,317 shares of the company’s stock worth $340,000 after acquiring an additional 579 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its stake in Coca-Cola Europacific Partners by 2.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 76,347 shares of the company’s stock valued at $6,012,000 after acquiring an additional 1,770 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Trading Down 2.1 %

CCEP stock opened at $75.76 on Friday. The stock has a 50-day simple moving average of $78.24 and a two-hundred day simple moving average of $75.88. 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.

Coca-Cola Europacific Partners Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CCEP shares. Deutsche Bank Aktiengesellschaft raised their price target 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. Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. Evercore ISI upped their price target on 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. Barclays lifted their price objective on 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, BNP Paribas downgraded shares of 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. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $81.22.

Coca-Cola Europacific Partners Company Profile

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.