Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Coca-Cola Europacific Partners PLC (NYSE:CCEP) by 9.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,226 shares of the company’s stock after buying an additional 3,484 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Coca-Cola Europacific Partners were worth $2,203,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its holdings in Coca-Cola Europacific Partners by 1.7% in the first quarter. Envestnet Asset Management Inc. now owns 102,677 shares of the company’s stock worth $5,356,000 after acquiring an additional 1,714 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Coca-Cola Europacific Partners by 4.7% during the first quarter. Commonwealth Equity Services LLC now owns 22,593 shares of the company’s stock worth $1,178,000 after purchasing an additional 1,023 shares during the period. Daiwa Securities Group Inc. bought a new position in shares of Coca-Cola Europacific Partners in the 1st quarter worth $494,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Coca-Cola Europacific Partners by 29.4% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 138,198 shares of the company’s stock valued at $7,208,000 after purchasing an additional 31,436 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its stake in Coca-Cola Europacific Partners by 20.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 348,664 shares of the company’s stock valued at $17,906,000 after purchasing an additional 59,194 shares in the last quarter. 26.39% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating and lifted their price objective for the company from $52.00 to $67.00 in a report on Tuesday, May 18th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Coca-Cola Europacific Partners in a research note on Friday, February 12th. Citigroup reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Wednesday. HSBC raised Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating and lifted their target price for the company from $55.00 to $72.00 in a research report on Tuesday. Finally, Bank of America raised Coca-Cola Europacific Partners from an “underperform” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Monday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Coca-Cola Europacific Partners currently has a consensus rating of “Hold” and a consensus price target of $58.70.
CCEP stock opened at $60.17 on Thursday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.98 and a quick ratio of 0.82. The stock’s fifty day simple moving average is $56.86 and its two-hundred day simple moving average is $50.78. Coca-Cola Europacific Partners PLC has a 1-year low of $34.02 and a 1-year high of $61.95.
Coca-Cola Europacific Partners Profile
Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. The company offers flavours, mixers, and energy drinks; soft drinks, waters, flavored water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.
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