Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 9.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,230 shares of the company's stock after buying an additional 7,378 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Coca-Cola Europacific Partners were worth $6,746,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Golden State Equity Partners boosted its stake in Coca-Cola Europacific Partners by 44.3% during the fourth quarter. Golden State Equity Partners now owns 5,197 shares of the company's stock worth $399,000 after buying an additional 1,596 shares during the period. China Universal Asset Management Co. Ltd. boosted its stake in Coca-Cola Europacific Partners by 28.6% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 7,492 shares of the company's stock worth $575,000 after buying an additional 1,667 shares during the period. Caprock Group LLC boosted its stake in Coca-Cola Europacific Partners by 5.1% during the fourth quarter. Caprock Group LLC now owns 8,703 shares of the company's stock worth $669,000 after buying an additional 426 shares during the period. Baader Bank Aktiengesellschaft purchased a new position in Coca-Cola Europacific Partners during the fourth quarter worth $210,000. Finally, Ibex Wealth Advisors purchased a new position in Coca-Cola Europacific Partners during the fourth quarter worth $7,392,000. 31.35% of the stock is owned by hedge funds and other institutional investors.
Coca-Cola Europacific Partners Stock Up 1.4 %
Coca-Cola Europacific Partners stock traded up $1.11 during trading hours on Tuesday, reaching $81.53. The stock had a trading volume of 1,437,798 shares, compared to its average volume of 1,530,818. Coca-Cola Europacific Partners PLC has a 52 week low of $65.77 and a 52 week high of $82.32. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. The business's 50 day moving average price is $77.16 and its 200-day moving average price is $77.47.
Analyst Ratings Changes
Several research firms have commented on CCEP. Barclays dropped their price objective on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a "market perform" rating and a $82.00 target price for the company. Evercore ISI boosted their target price on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Finally, UBS Group upped their price objective on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners has a consensus rating of "Moderate Buy" and a consensus price target of $84.11.
Check Out Our Latest Analysis on Coca-Cola Europacific Partners
Coca-Cola Europacific Partners Profile
(
Free Report)
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.
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