31,728 Shares in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Bought by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co purchased a new stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the 4th quarter, Holdings Channel reports. The firm purchased 31,728 shares of the company’s stock, valued at approximately $2,438,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Amundi increased its position 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 valued at $233,716,000 after acquiring an additional 87,675 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Coca-Cola Europacific Partners by 307.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock worth $191,984,000 after purchasing an additional 1,839,321 shares during the last quarter. Geode Capital Management LLC increased its position in shares of 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 worth $160,138,000 after purchasing an additional 58,247 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Coca-Cola Europacific Partners during the 3rd quarter worth approximately $52,364,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Coca-Cola Europacific Partners by 0.6% in the 4th quarter. Bank of New York Mellon Corp now owns 643,090 shares of the company’s stock valued at $49,396,000 after buying an additional 3,719 shares during the last quarter. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ CCEP opened at $86.30 on Friday. The business’s 50 day moving average is $82.76 and its 200-day moving average is $79.33. The firm has a market cap of $39.78 billion, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners PLC has a 1-year low of $65.94 and a 1-year high of $88.39. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CCEP shares. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. Barclays boosted their price objective on shares of Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday. Evercore ISI raised their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. UBS Group boosted their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

About Coca-Cola Europacific Partners

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.