APG Asset Management N.V. Buys 96,000 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

APG Asset Management N.V. grew its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 37.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 355,000 shares of the company's stock after purchasing an additional 96,000 shares during the quarter. APG Asset Management N.V. owned about 0.08% of Coca-Cola Europacific Partners worth $26,333,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CCEP. Advisory Services Network LLC bought a new position in Coca-Cola Europacific Partners during the 4th quarter worth $262,000. Capula Management Ltd bought a new position in Coca-Cola Europacific Partners during the fourth quarter worth about $3,455,000. Invesco Ltd. raised its stake in Coca-Cola Europacific Partners by 26.3% in the 4th quarter. Invesco Ltd. now owns 10,119,928 shares of the company's stock worth $777,312,000 after purchasing an additional 2,105,019 shares in the last quarter. Bank of Montreal Can boosted its holdings in Coca-Cola Europacific Partners by 7.7% in the 4th quarter. Bank of Montreal Can now owns 284,675 shares of the company's stock valued at $21,866,000 after purchasing an additional 20,448 shares during the period. Finally, FMR LLC grew its position in shares of Coca-Cola Europacific Partners by 3.3% during the 4th quarter. FMR LLC now owns 7,234,642 shares of the company's stock worth $555,693,000 after purchasing an additional 229,679 shares in the last quarter. Institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Trading Up 0.6 %

Coca-Cola Europacific Partners stock traded up $0.53 during trading hours on Tuesday, hitting $88.49. The stock had a trading volume of 655,317 shares, compared to its average volume of 1,684,661. The business's 50 day simple moving average is $84.76 and its 200-day simple moving average is $79.79. Coca-Cola Europacific Partners PLC has a one year low of $65.94 and a one year high of $91.29. The stock has a market cap of $40.79 billion, a price-to-earnings ratio of 18.21, a P/E/G ratio of 4.89 and a beta of 0.73. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CCEP. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. Evercore ISI lifted their price objective on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Finally, Barclays increased their target price on Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the stock an "overweight" rating in a report on Friday. 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $87.13.

Coca-Cola Europacific Partners 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.