GSA Capital Partners LLP Makes New $1.94 Million Investment in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

by · The Cerbat Gem

GSA Capital Partners LLP bought a new stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,663 shares of the company’s stock, valued at approximately $1,942,000.

Several other institutional investors have also recently made changes to their positions in the company. Point72 Asset Management L.P. raised its position in Coca-Cola Europacific Partners by 144.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company’s stock worth $87,788,000 after purchasing an additional 711,121 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Coca-Cola Europacific Partners during the first quarter valued at approximately $47,839,000. Point72 Europe London LLP purchased a new stake in shares of Coca-Cola Europacific Partners in the second quarter worth approximately $26,341,000. Samlyn Capital LLC lifted its stake in shares of Coca-Cola Europacific Partners by 23.2% during the 2nd quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company’s stock worth $135,155,000 after acquiring an additional 349,466 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its holdings in Coca-Cola Europacific Partners by 2,575.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 256,029 shares of the company’s stock valued at $20,244,000 after acquiring an additional 246,458 shares during the period. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Down 0.2 %

Shares of CCEP stock opened at $76.90 on Wednesday. Coca-Cola Europacific Partners PLC has a twelve month low of $59.31 and a twelve month high of $82.32. The stock has a fifty day simple moving average of $78.53 and a two-hundred day simple moving average of $75.78. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12.

Coca-Cola Europacific Partners Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 9th. BNP Paribas cut Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective for the company. in a report on Tuesday, September 10th. Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Evercore ISI boosted their price objective on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, Barclays boosted their price objective on Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. Two equities research 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.22.

View Our Latest Stock Analysis on CCEP

About Coca-Cola Europacific Partners

(Free Report)

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.

Further Reading

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