Harvest Fund Management Co. Ltd Acquires 5,942 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Harvest Fund Management Co. Ltd raised its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 28.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,144 shares of the company’s stock after acquiring an additional 5,942 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Coca-Cola Europacific Partners were worth $2,085,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. World Investment Advisors LLC bought a new stake in Coca-Cola Europacific Partners during the third quarter valued at about $6,975,000. Amundi increased its holdings in shares of Coca-Cola Europacific Partners by 2.9% in the fourth quarter. Amundi now owns 3,078,851 shares of the company’s stock worth $233,716,000 after purchasing an additional 87,675 shares during the last quarter. Transform Wealth LLC increased its holdings in shares of Coca-Cola Europacific Partners by 7.7% in the fourth quarter. Transform Wealth LLC now owns 138,691 shares of the company’s stock worth $10,653,000 after purchasing an additional 9,864 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Coca-Cola Europacific Partners by 2.9% in the third quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock worth $160,138,000 after purchasing an additional 58,247 shares during the last quarter. Finally, Quantbot Technologies LP increased its holdings in shares of Coca-Cola Europacific Partners by 617.2% in the third quarter. Quantbot Technologies LP now owns 44,660 shares of the company’s stock worth $3,517,000 after purchasing an additional 38,433 shares during the last quarter. 31.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. UBS Group lifted their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Kepler Capital Markets cut Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. Barclays lifted their target price on Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, March 6th. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, Evercore ISI boosted their price objective on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola Europacific Partners currently has an average rating of “Moderate Buy” and an average target price of $86.88.

Coca-Cola Europacific Partners Stock Up 0.1 %

Shares of NASDAQ:CCEP opened at $85.68 on Thursday. Coca-Cola Europacific Partners PLC has a 1 year low of $65.94 and a 1 year high of $88.39. The business has a 50 day simple moving average of $81.38 and a two-hundred day simple moving average of $79.11. The firm has a market capitalization of $39.49 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63.

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.