Elo Mutual Pension Insurance Co Purchases New Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Elo Mutual Pension Insurance Co bought a new position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 31,728 shares of the company's stock, valued at approximately $2,438,000.

Several other hedge funds have also recently made changes to their positions in the company. Amundi lifted its stake in shares of Coca-Cola Europacific Partners by 2.9% during the 4th quarter. Amundi now owns 3,078,851 shares of the company's stock valued at $233,716,000 after buying an additional 87,675 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Coca-Cola Europacific Partners by 307.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company's stock worth $191,984,000 after purchasing an additional 1,839,321 shares during the period. Geode Capital Management LLC boosted its position in shares of Coca-Cola Europacific Partners by 2.9% in the third quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company's stock valued at $160,138,000 after acquiring an additional 58,247 shares during the period. Janus Henderson Group PLC bought a new stake in Coca-Cola Europacific Partners during the 3rd quarter worth approximately $52,364,000. Finally, Bank of New York Mellon Corp lifted its stake in Coca-Cola Europacific Partners by 0.6% in the 4th quarter. Bank of New York Mellon Corp now owns 643,090 shares of the company's stock worth $49,396,000 after purchasing an additional 3,719 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Trading Up 3.8 %

Shares of CCEP traded up $3.36 during mid-day trading on Thursday, reaching $90.77. The company's stock had a trading volume of 1,822,212 shares, compared to its average volume of 1,614,468. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners PLC has a 52 week low of $65.94 and a 52 week high of $91.05. The company's fifty day moving average price is $83.36 and its two-hundred day moving average price is $79.47. The stock has a market cap of $41.84 billion, a PE ratio of 18.68, a P/E/G ratio of 4.89 and a beta of 0.91.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CCEP shares. Evercore ISI boosted their price target 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. Barclays boosted their target price on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the stock an "overweight" rating in a research report on Thursday, March 27th. UBS Group raised their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. Finally, Morgan Stanley raised shares of Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $87.00.

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.