Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Stock Holdings Lifted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 9.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 88,230 shares of the company’s stock after acquiring an additional 7,378 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Coca-Cola Europacific Partners were worth $6,746,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. World Investment Advisors LLC purchased a new stake in shares of Coca-Cola Europacific Partners in the third quarter valued at $6,975,000. Transform Wealth LLC lifted its stake in Coca-Cola Europacific Partners by 7.7% in the 4th quarter. Transform Wealth LLC now owns 138,691 shares of the company’s stock worth $10,653,000 after acquiring an additional 9,864 shares in the last quarter. Vontobel Holding Ltd. boosted its position in Coca-Cola Europacific Partners by 2,575.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 256,029 shares of the company’s stock worth $20,244,000 after acquiring an additional 246,458 shares during the period. Geode Capital Management LLC grew its stake in Coca-Cola Europacific Partners by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock valued at $160,138,000 after acquiring an additional 58,247 shares in the last quarter. Finally, Quantbot Technologies LP increased its holdings in shares of Coca-Cola Europacific Partners by 617.2% in the 3rd quarter. Quantbot Technologies LP now owns 44,660 shares of the company’s stock valued at $3,517,000 after purchasing an additional 38,433 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CCEP shares. Evercore ISI boosted their price objective on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $85.00 to $82.00 in a report on Wednesday, November 27th. Barclays cut their price objective on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, UBS Group raised their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.11.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ CCEP opened at $80.03 on Friday. Coca-Cola Europacific Partners PLC has a 12 month low of $65.77 and a 12 month high of $82.32. The business’s 50 day moving average is $77.03 and its two-hundred day moving average is $77.31. 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 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.