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

Aster Capital Management DIFC Ltd purchased a new position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 19,580 shares of the company's stock, valued at approximately $1,504,000. Coca-Cola Europacific Partners accounts for approximately 0.6% of Aster Capital Management DIFC Ltd's holdings, making the stock its 25th biggest position.

Several other large investors have also bought and sold shares of CCEP. HighTower Advisors LLC lifted its stake in shares of Coca-Cola Europacific Partners by 0.4% in the 3rd quarter. HighTower Advisors LLC now owns 41,187 shares of the company's stock valued at $3,242,000 after purchasing an additional 177 shares during the period. IHT Wealth Management LLC lifted its stake in Coca-Cola Europacific Partners by 43.9% in the third quarter. IHT Wealth Management LLC now owns 4,041 shares of the company's stock valued at $317,000 after buying an additional 1,232 shares during the period. Parallax Volatility Advisers L.P. bought a new position in Coca-Cola Europacific Partners during the third quarter worth about $283,000. Royal London Asset Management Ltd. grew its position in shares of Coca-Cola Europacific Partners by 7.4% during the 3rd quarter. Royal London Asset Management Ltd. now owns 192,088 shares of the company's stock worth $15,127,000 after buying an additional 13,300 shares during the period. Finally, Quantinno Capital Management LP increased its stake in shares of Coca-Cola Europacific Partners by 15.8% in the 3rd quarter. Quantinno Capital Management LP now owns 29,577 shares of the company's stock valued at $2,329,000 after acquiring an additional 4,034 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Up 1.9 %

Coca-Cola Europacific Partners stock traded up $1.64 during mid-day trading on Friday, reaching $86.63. The company's stock had a trading volume of 1,355,254 shares, compared to its average volume of 1,680,459. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. Coca-Cola Europacific Partners PLC has a 12 month low of $65.94 and a 12 month high of $91.29. The business's 50 day simple moving average is $84.41 and its 200 day simple moving average is $79.67. The company has a market capitalization of $39.93 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CCEP. UBS Group boosted their price objective on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Evercore ISI upped 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 report on Tuesday, February 18th. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. Finally, Barclays increased their target price on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.