Mirae Asset Global Investments Co. Ltd. Has $11.13 Million Stock Holdings in Coca-Cola Europacific Partners $CCEP

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 13.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 123,094 shares of the company’s stock after purchasing an additional 14,670 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Coca-Cola Europacific Partners were worth $11,129,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CCEP. Nordea Investment Management AB lifted its holdings in shares of Coca-Cola Europacific Partners by 0.8% during the 2nd quarter. Nordea Investment Management AB now owns 1,239,257 shares of the company’s stock worth $113,999,000 after acquiring an additional 10,014 shares during the period. First Trust Advisors LP raised its position in Coca-Cola Europacific Partners by 148.4% during the second quarter. First Trust Advisors LP now owns 1,005,817 shares of the company’s stock valued at $93,259,000 after purchasing an additional 600,962 shares in the last quarter. iA Global Asset Management Inc. lifted its stake in Coca-Cola Europacific Partners by 11.8% during the third quarter. iA Global Asset Management Inc. now owns 124,169 shares of the company’s stock worth $11,226,000 after purchasing an additional 13,135 shares during the last quarter. Smith Group Asset Management LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 5.8% in the 2nd quarter. Smith Group Asset Management LLC now owns 82,641 shares of the company’s stock valued at $7,662,000 after purchasing an additional 4,510 shares in the last quarter. Finally, Profund Advisors LLC increased its stake in shares of Coca-Cola Europacific Partners by 14.1% in the 2nd quarter. Profund Advisors LLC now owns 34,161 shares of the company’s stock valued at $3,167,000 after purchasing an additional 4,226 shares during the last quarter. 31.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on CCEP. Barclays reaffirmed an “overweight” rating and issued a $101.00 price objective on shares of Coca-Cola Europacific Partners in a research note on Friday, January 16th. Bank of America restated a “neutral” rating and issued a $96.00 price target (down from $102.00) on shares of Coca-Cola Europacific Partners in a research note on Wednesday, January 14th. UBS Group lowered their price objective on shares of Coca-Cola Europacific Partners from $105.00 to $103.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $114.00 target price on shares of Coca-Cola Europacific Partners in a research report on Thursday, January 8th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a report on Tuesday. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $100.80.

Coca-Cola Europacific Partners Stock Up 0.5%

NASDAQ:CCEP opened at $91.70 on Friday. Coca-Cola Europacific Partners has a one year low of $76.97 and a one year high of $100.67. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 1.15. The firm’s 50 day simple moving average is $90.33 and its 200 day simple moving average is $90.93.

Coca-Cola Europacific Partners Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Friday, November 14th were issued a dividend of $1.25 per share. This represents a dividend yield of 277.0%. The ex-dividend date was Friday, November 14th.

Coca-Cola Europacific Partners Profile

Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.

The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.