Ilmarinen Mutual Pension Insurance Co Acquires New Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Ilmarinen Mutual Pension Insurance Co purchased a new stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 237,500 shares of the company's stock, valued at approximately $18,242,000. Ilmarinen Mutual Pension Insurance Co owned about 0.05% of Coca-Cola Europacific Partners as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Cibc World Markets Corp lifted its holdings in shares of Coca-Cola Europacific Partners by 1.4% during the fourth quarter. Cibc World Markets Corp now owns 10,200 shares of the company's stock worth $783,000 after buying an additional 139 shares during the last quarter. TIAA Trust National Association raised its stake in Coca-Cola Europacific Partners by 4.4% during the 4th quarter. TIAA Trust National Association now owns 3,420 shares of the company's stock valued at $263,000 after purchasing an additional 145 shares during the last quarter. Moody Lynn & Lieberson LLC grew its position in Coca-Cola Europacific Partners by 5.0% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company's stock worth $242,000 after purchasing an additional 150 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Coca-Cola Europacific Partners by 16.2% during the 4th quarter. Blue Trust Inc. now owns 1,189 shares of the company's stock worth $94,000 after purchasing an additional 166 shares during the period. Finally, Vestmark Advisory Solutions Inc. raised its position in shares of Coca-Cola Europacific Partners by 4.7% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 3,855 shares of the company's stock valued at $296,000 after buying an additional 172 shares during the last quarter. Institutional investors own 31.35% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CCEP shares. Evercore ISI boosted their price target on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Barclays boosted their price objective on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Kepler Capital Markets cut Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. Finally, UBS Group increased 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 research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $87.00.

Coca-Cola Europacific Partners Trading Up 0.9 %

Shares of NASDAQ:CCEP traded up $0.75 during mid-day trading on Thursday, reaching $85.84. The stock had a trading volume of 2,129,444 shares, compared to its average volume of 1,676,301. The firm has a 50 day simple moving average of $84.27 and a two-hundred day simple moving average of $79.64. Coca-Cola Europacific Partners PLC has a twelve month low of $65.94 and a twelve month high of $91.29. The firm has a market cap of $39.57 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11.

About Coca-Cola Europacific Partners

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.