Aster Capital Management DIFC Ltd Invests $1.50 Million in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Aster Capital Management DIFC Ltd acquired a new stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 19,580 shares of the company’s stock, valued at approximately $1,504,000. Coca-Cola Europacific Partners makes up 0.6% of Aster Capital Management DIFC Ltd’s holdings, making the stock its 25th biggest position.

Several other large investors also recently added to or reduced their stakes in CCEP. SBI Securities Co. Ltd. bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB increased its holdings in Coca-Cola Europacific Partners by 85.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock worth $33,000 after purchasing an additional 197 shares during the period. Summit Securities Group LLC bought a new stake in Coca-Cola Europacific Partners during the 4th quarter valued at $34,000. Whipplewood Advisors LLC purchased a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter worth $52,000. Finally, Blue Trust Inc. grew its position in shares of Coca-Cola Europacific Partners by 16.2% during the 4th quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock worth $94,000 after buying an additional 166 shares in the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP opened at $83.93 on Friday. Coca-Cola Europacific Partners PLC has a 12 month low of $65.94 and a 12 month high of $91.29. The stock has a fifty day moving average price of $83.77 and a 200-day moving average price of $79.54. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The firm has a market cap of $38.69 billion, a PE ratio of 17.27, a P/E/G ratio of 4.89 and a beta of 0.73.

Analysts Set New Price Targets

Several research firms recently weighed in on CCEP. Barclays lifted their price objective on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, March 27th. UBS Group upped their price target on shares of 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. Evercore ISI increased their price objective 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. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. 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 analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

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.