Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Purchased by Korea Investment CORP

Korea Investment CORP lifted its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 111,714 shares of the company's stock after purchasing an additional 5,600 shares during the period. Korea Investment CORP's holdings in Coca-Cola Europacific Partners were worth $8,638,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CCEP. Amundi grew its holdings in shares of Coca-Cola Europacific Partners by 2.9% during the fourth quarter. Amundi now owns 3,078,851 shares of the company's stock worth $233,716,000 after buying an additional 87,675 shares during the last quarter. Geode Capital Management LLC increased its holdings 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 purchasing an additional 58,247 shares during the period. Janus Henderson Group PLC acquired a new position in shares of Coca-Cola Europacific Partners in the third quarter valued at approximately $52,364,000. Bank of New York Mellon Corp lifted its holdings in shares of Coca-Cola Europacific Partners by 0.6% during the fourth 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 during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in Coca-Cola Europacific Partners by 5.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 550,630 shares of the company's stock valued at $42,294,000 after buying an additional 28,867 shares during the period. 31.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CCEP. Evercore ISI boosted their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Kepler Capital Markets cut Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research 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. Barclays increased their price objective 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. Finally, UBS Group raised 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 research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $87.00.

Coca-Cola Europacific Partners Price Performance

CCEP traded down $5.89 during midday trading on Friday, reaching $83.93. 3,856,729 shares of the company's stock were exchanged, compared to its average volume of 1,633,884. Coca-Cola Europacific Partners PLC has a 1-year low of $65.94 and a 1-year high of $91.29. The stock has a market capitalization of $38.69 billion, a PE ratio of 17.27, a P/E/G ratio of 4.89 and a beta of 0.73. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. The business's 50-day moving average price is $83.77 and its 200 day moving average price is $79.54.

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.