Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd raised its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 28.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,144 shares of the company's stock after buying an additional 5,942 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Coca-Cola Europacific Partners were worth $2,085,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Oppenheimer & Co. Inc. grew its stake in shares of Coca-Cola Europacific Partners by 15.5% during the third quarter. Oppenheimer & Co. Inc. now owns 4,317 shares of the company's stock worth $340,000 after acquiring an additional 579 shares during the last quarter. Swiss National Bank raised its holdings in shares of Coca-Cola Europacific Partners by 0.5% in the third quarter. Swiss National Bank now owns 619,014 shares of the company's stock worth $48,747,000 after buying an additional 3,200 shares during the last quarter. Pathstone Holdings LLC lifted its stake in shares of Coca-Cola Europacific Partners by 1.6% during the third quarter. Pathstone Holdings LLC now owns 47,473 shares of the company's stock worth $3,738,000 after buying an additional 756 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Coca-Cola Europacific Partners by 6.0% during the third quarter. PNC Financial Services Group Inc. now owns 14,394 shares of the company's stock valued at $1,134,000 after buying an additional 815 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Coca-Cola Europacific Partners in the 3rd quarter valued at $482,000. 31.35% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

CCEP has been the subject of several analyst reports. Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They issued a "market perform" rating and a $82.00 price objective for the company. Kepler Capital Markets cut Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. Morgan Stanley raised Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. Finally, Barclays increased their price objective on shares of Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the company an "overweight" rating in a report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of "Moderate Buy" and a consensus price target of $86.88.

Coca-Cola Europacific Partners Trading Down 1.3 %

Coca-Cola Europacific Partners stock traded down $1.13 during midday trading on Monday, hitting $83.79. 3,331,209 shares of the stock were exchanged, compared to its average volume of 1,466,547. The stock's 50-day simple moving average is $81.80 and its 200 day simple moving average is $79.16. The stock has a market capitalization of $38.62 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 4.89 and a beta of 0.91. 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 fifty-two week low of $65.94 and a fifty-two week high of $88.39.

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.