M&G Plc Acquires 591 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

M&G Plc raised its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 0.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 251,196 shares of the company’s stock after purchasing an additional 591 shares during the quarter. M&G Plc owned 0.05% of Coca-Cola Europacific Partners worth $19,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Norden Group LLC bought a new stake in Coca-Cola Europacific Partners in the first quarter worth about $483,000. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 5.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 11,649 shares of the company’s stock worth $815,000 after purchasing an additional 603 shares during the period. Sciencast Management LP purchased a new position in Coca-Cola Europacific Partners in the first quarter valued at approximately $203,000. SG Americas Securities LLC grew its holdings in Coca-Cola Europacific Partners by 25.6% during the first quarter. SG Americas Securities LLC now owns 199,212 shares of the company’s stock valued at $13,935,000 after purchasing an additional 40,584 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its position in Coca-Cola Europacific Partners by 0.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 73,313 shares of the company’s stock worth $5,128,000 after buying an additional 613 shares during the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP opened at $77.26 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners PLC has a 1-year low of $59.31 and a 1-year high of $82.32. The firm’s 50 day simple moving average is $78.70 and its 200 day simple moving average is $75.58.

Analyst Ratings Changes

CCEP has been the subject of several research reports. Barclays increased their price target on Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the stock an “overweight” rating in a research note on Thursday. BNP Paribas downgraded shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price for the company. in a research note on Tuesday, September 10th. Citigroup raised shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Finally, Evercore ISI increased their target price on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $81.22.

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. 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.