Bank of Nova Scotia acquired a new position in shares of Coca-Cola Europacific Partners PLC (NYSE:CCEP – Get Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,677 shares of the company’s stock, valued at approximately $591,000.
Several other institutional investors have also modified their holdings of CCEP. Neo Ivy Capital Management acquired a new position in Coca-Cola Europacific Partners during the second quarter worth approximately $40,000. Belpointe Asset Management LLC purchased a new position in shares of Coca-Cola Europacific Partners during the fourth quarter worth approximately $51,000. Ronald Blue Trust Inc. increased its holdings in shares of Coca-Cola Europacific Partners by 126.5% in the 4th quarter. Ronald Blue Trust Inc. now owns 1,196 shares of the company’s stock valued at $51,000 after acquiring an additional 668 shares during the period. Dupont Capital Management Corp purchased a new stake in Coca-Cola Europacific Partners in the 4th quarter valued at $72,000. Finally, Phocas Financial Corp. acquired a new stake in Coca-Cola Europacific Partners during the 4th quarter worth $75,000. Hedge funds and other institutional investors own 28.63% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on CCEP shares. StockNews.com lowered shares of Coca-Cola Europacific Partners from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 11th. Credit Suisse Group increased their target price on shares of Coca-Cola Europacific Partners to €65.00 ($70.65) in a report on Wednesday, April 26th. Argus boosted their price objective on shares of Coca-Cola Europacific Partners from $60.00 to $62.00 in a research report on Thursday, March 16th. UBS Group upped their target price on Coca-Cola Europacific Partners from $68.00 to $71.00 in a research note on Wednesday, April 26th. Finally, Barclays raised their price target on shares of Coca-Cola Europacific Partners from $73.00 to $75.00 in a research note on Thursday, April 27th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.66.
Coca-Cola Europacific Partners Trading Down 0.6 %
Coca-Cola Europacific Partners Cuts Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Thursday, May 25th. Shareholders of record on Friday, May 12th will be given a dividend of $0.74 per share. The ex-dividend date is Thursday, May 11th. This represents a yield of 2.6%.
About Coca-Cola Europacific Partners
Coca-Cola Europacific Partners plc engages in the distribution and sale of non-alcoholic ready to drink beverages. It operates through the following geographical segments: Iberia, Germany, Great Britain, France, Belgium/Luxembourg, Netherlands, Norway, Sweden, and Iceland. The company was founded on August 4, 2015 and is headquartered in Uxbridge, the United Kingdom.
Featured Stories
- Get a free copy of the StockNews.com research report on Coca-Cola Europacific Partners (CCEP)
- Airline ETFs: What They Are and How to Invest
- Williams-Sonoma Is The Retail Value Play, Here’s Why
- Ladder Corporation: Climbing Higher And Paying 9% Yield
- Microbot Medical spikes 150% on its Endovascular Surgical Robot
- PetMed Express: Charts Say This Could Be The Bottom
Receive News & Ratings for Coca-Cola Europacific Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Europacific Partners and related companies with MarketBeat.com's FREE daily email newsletter.
