China Universal Asset Management Co. Ltd. Acquires 1,667 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

China Universal Asset Management Co. Ltd. increased its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 28.6% during the fourth quarter, HoldingsChannel reports. The firm owned 7,492 shares of the company’s stock after buying an additional 1,667 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in Coca-Cola Europacific Partners were worth $575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of CCEP. Caprock Group LLC lifted its stake in Coca-Cola Europacific Partners by 5.1% during the 4th quarter. Caprock Group LLC now owns 8,703 shares of the company’s stock valued at $669,000 after acquiring an additional 426 shares during the period. Baader Bank Aktiengesellschaft bought a new position in Coca-Cola Europacific Partners during the fourth quarter valued at approximately $210,000. Ibex Wealth Advisors purchased a new stake in Coca-Cola Europacific Partners in the fourth quarter worth approximately $7,392,000. Verde Servicos Internacionais S.A. bought a new stake in Coca-Cola Europacific Partners in the 4th quarter worth approximately $14,124,000. Finally, Pacer Advisors Inc. raised its stake in Coca-Cola Europacific Partners by 4.9% during the 4th quarter. Pacer Advisors Inc. now owns 25,394 shares of the company’s stock valued at $1,951,000 after buying an additional 1,183 shares during the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Down 1.0 %

NASDAQ:CCEP opened at $78.55 on Monday. The business’s 50-day simple moving average is $76.95 and its two-hundred day simple moving average is $77.20. Coca-Cola Europacific Partners PLC has a 52 week low of $65.77 and a 52 week high of $82.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63.

Coca-Cola Europacific Partners Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were paid a dividend of $1.34 per share. This represents a yield of 2.6%. The ex-dividend date was Friday, November 15th. This is an increase from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79.

Analysts Set New Price Targets

Several brokerages recently commented on CCEP. UBS Group lifted their price objective on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price target for the company. Barclays dropped their price objective on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $85.00 to $82.00 in a report on Wednesday, November 27th. Finally, Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.11.

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.