Harvest Fund Management Co. Ltd Acquires 2,021 Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP)

Harvest Fund Management Co. Ltd grew its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 7.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,165 shares of the company’s stock after buying an additional 2,021 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Coca-Cola Europacific Partners were worth $2,537,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. lifted its holdings in shares of Coca-Cola Europacific Partners by 107.3% in the 1st quarter. Assetmark Inc. now owns 284 shares of the company’s stock worth $25,000 after purchasing an additional 147 shares in the last quarter. NBC Securities Inc. acquired a new position in Coca-Cola Europacific Partners during the first quarter worth $28,000. Optiver Holding B.V. bought a new position in shares of Coca-Cola Europacific Partners in the fourth quarter valued at $29,000. Cullen Frost Bankers Inc. lifted its stake in shares of Coca-Cola Europacific Partners by 204.2% in the first quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company’s stock valued at $32,000 after buying an additional 245 shares in the last quarter. Finally, HM Payson & Co. bought a new position in shares of Coca-Cola Europacific Partners in the first quarter valued at $33,000. 31.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CCEP. Barclays reaffirmed an “overweight” rating and issued a $104.00 price objective (up from $101.00) on shares of Coca-Cola Europacific Partners in a research note on Tuesday, July 15th. Wall Street Zen lowered shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Finally, UBS Group raised their price objective on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $90.57.

Coca-Cola Europacific Partners Trading Up 1.1%

Shares of Coca-Cola Europacific Partners stock opened at $99.25 on Wednesday. The stock has a fifty day moving average price of $93.75 and a 200-day moving average price of $87.69. Coca-Cola Europacific Partners has a 1 year low of $71.49 and a 1 year high of $100.67. The firm has a market cap of $45.75 billion, a PE ratio of 20.42, a P/E/G ratio of 4.97 and a beta of 0.77. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.62.

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.