Mitsubishi UFJ Asset Management Co. Ltd. Buys 14,284 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 180,588 shares of the company's stock after buying an additional 14,284 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in Coca-Cola Europacific Partners were worth $13,752,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in Coca-Cola Europacific Partners in the 4th quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Coca-Cola Europacific Partners by 85.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock valued at $33,000 after acquiring an additional 197 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at $52,000. Blue Trust Inc. boosted its position in 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 acquiring an additional 166 shares during the period. Finally, Icon Wealth Advisors LLC purchased a new position in Coca-Cola Europacific Partners during the third quarter valued at approximately $105,000. 31.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CCEP. Barclays boosted their price target 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. Morgan Stanley raised Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a report on Monday, December 9th. Kepler Capital Markets cut Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. 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. Finally, UBS Group increased their target price on 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 given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $87.00.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock traded down $5.89 during mid-day trading on Friday, reaching $83.93. The company had a trading volume of 3,856,729 shares, compared to its average volume of 1,633,884. Coca-Cola Europacific Partners PLC has a fifty-two week low of $65.94 and a fifty-two week high of $91.29. The company has a market cap of $38.69 billion, a P/E ratio of 17.27, a P/E/G 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. The business has a fifty day simple moving average of $83.77 and a 200 day simple moving average of $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.