Natixis Advisors L.P. Purchases 34,458 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Natixis Advisors L.P. grew its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 9.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 416,495 shares of the company’s stock after purchasing an additional 34,458 shares during the quarter. Natixis Advisors L.P. owned approximately 0.09% of Coca-Cola Europacific Partners worth $27,796,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CCEP. Global Retirement Partners LLC lifted its position in shares of Coca-Cola Europacific Partners by 24.1% during the 4th quarter. Global Retirement Partners LLC now owns 799 shares of the company’s stock valued at $54,000 after acquiring an additional 155 shares during the period. New York Life Investment Management LLC lifted its position in shares of Coca-Cola Europacific Partners by 4.0% during the 4th quarter. New York Life Investment Management LLC now owns 4,096 shares of the company’s stock valued at $273,000 after acquiring an additional 158 shares during the period. Stratos Wealth Advisors LLC lifted its position in shares of Coca-Cola Europacific Partners by 5.5% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 3,771 shares of the company’s stock valued at $236,000 after acquiring an additional 196 shares during the period. Verdence Capital Advisors LLC lifted its position in shares of Coca-Cola Europacific Partners by 2.6% during the 4th quarter. Verdence Capital Advisors LLC now owns 8,945 shares of the company’s stock valued at $597,000 after acquiring an additional 230 shares during the period. Finally, Huntington National Bank lifted its position in shares of Coca-Cola Europacific Partners by 7.6% during the 3rd quarter. Huntington National Bank now owns 3,319 shares of the company’s stock valued at $207,000 after acquiring an additional 235 shares during the period. 31.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. BNP Paribas upgraded shares of Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price objective on the stock in a report on Friday, January 12th. UBS Group upped their price objective on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Barclays upped their price objective on shares of Coca-Cola Europacific Partners from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, April 29th. Argus upped their price objective on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $75.78.

Coca-Cola Europacific Partners Trading Up 0.4 %

CCEP opened at $71.81 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27. The firm has a 50-day moving average price of $69.96 and a 200-day moving average price of $66.12. Coca-Cola Europacific Partners PLC has a twelve month low of $56.28 and a twelve month high of $72.67.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last issued its quarterly earnings data on Friday, February 23rd. The company reported $1.85 EPS for the quarter, meeting the consensus estimate of $1.85. As a group, analysts predict that Coca-Cola Europacific Partners PLC will post 4.15 EPS for the current year.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Friday, May 10th will be given a dividend of $0.79 per share. The ex-dividend date is Thursday, May 9th. This represents a yield of 5.6%.

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.