Railway Pension Investments Ltd Invests $1.42 Million in Coca-Cola Europacific Partners $CCEP

Railway Pension Investments Ltd acquired a new stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,300 shares of the company's stock, valued at approximately $1,419,000.

• Coca-Cola EuroPacific Partners is a tasty play on Coke

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nordea Investment Management AB grew its position in shares of Coca-Cola Europacific Partners by 0.8% during the 2nd quarter. Nordea Investment Management AB now owns 1,239,257 shares of the company's stock valued at $113,999,000 after acquiring an additional 10,014 shares during the period. Smith Group Asset Management LLC raised its holdings in Coca-Cola Europacific Partners by 5.8% in the 2nd quarter. Smith Group Asset Management LLC now owns 82,641 shares of the company's stock worth $7,662,000 after purchasing an additional 4,510 shares during the period. Entropy Technologies LP purchased a new position in Coca-Cola Europacific Partners during the first quarter valued at $5,957,000. Jump Financial LLC grew its holdings in Coca-Cola Europacific Partners by 503.4% during the first quarter. Jump Financial LLC now owns 21,607 shares of the company's stock valued at $1,880,000 after purchasing an additional 18,026 shares during the period. Finally, AGF Management Ltd. grew its holdings in Coca-Cola Europacific Partners by 55.5% during the second quarter. AGF Management Ltd. now owns 925,726 shares of the company's stock valued at $85,833,000 after purchasing an additional 330,583 shares during the period. Hedge funds and other institutional investors own 31.35% of the company's stock.

Analysts Set New Price Targets

CCEP has been the topic of several recent research reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, October 30th. Morgan Stanley cut shares of Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research note on Thursday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Coca-Cola Europacific Partners in a report on Friday. Finally, Barclays reduced their price objective on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $95.00.

• The ‘Other’ Coke Stock Quietly Hits a Record High

View Our Latest Stock Report on Coca-Cola Europacific Partners

Coca-Cola Europacific Partners Trading Up 0.4%

Shares of CCEP opened at $91.69 on Monday. The firm has a market cap of $42.26 billion, a P/E ratio of 17.34, a price-to-earnings-growth ratio of 2.54 and a beta of 0.74. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65. Coca-Cola Europacific Partners has a 1 year low of $73.40 and a 1 year high of $100.67. The company has a 50 day simple moving average of $89.82 and a two-hundred day simple moving average of $91.53.

Coca-Cola Europacific Partners Announces Dividend

• Why Chemours Co NYSE: CC Stock is the Recipe for Gains

The business also recently declared a dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Friday, November 14th will be issued a $1.25 dividend. This represents a yield of 277.0%. The ex-dividend date is Friday, November 14th.

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.

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