MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Acquires 21,985 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 31.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,263 shares of the company's stock after acquiring an additional 21,985 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Coca-Cola Europacific Partners were worth $7,191,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CCEP. Voisard Asset Management Group Inc. acquired a new stake in Coca-Cola Europacific Partners in the 4th quarter valued at $33,000. Crewe Advisors LLC bought a new stake in Coca-Cola Europacific Partners during the first quarter worth about $36,000. New Covenant Trust Company N.A. acquired a new position in Coca-Cola Europacific Partners during the first quarter valued at approximately $36,000. New Millennium Group LLC bought a new position in Coca-Cola Europacific Partners in the second quarter valued at approximately $37,000. Finally, Mather Group LLC. increased its position in shares of Coca-Cola Europacific Partners by 142.0% during the 2nd quarter. Mather Group LLC. now owns 668 shares of the company's stock worth $47,000 after purchasing an additional 392 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, September 9th. Citigroup raised Coca-Cola Europacific Partners to a "strong-buy" rating in a research report on Thursday, October 3rd. BNP Paribas cut Coca-Cola Europacific Partners from an "outperform" rating to a "neutral" rating and set a $81.00 price objective for the company. in a research report on Tuesday, September 10th. Bank of America boosted their target price on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a "buy" rating in a report on Wednesday, July 10th. Finally, Barclays cut their price target on Coca-Cola Europacific Partners from $85.00 to $84.00 and set an "overweight" rating for the company in a report on Friday. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Coca-Cola Europacific Partners has an average rating of "Moderate Buy" and an average target price of $80.88.

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP traded up $0.40 during trading on Monday, reaching $78.36. The company's stock had a trading volume of 1,058,285 shares, compared to its average volume of 1,414,110. The firm has a 50 day moving average price of $78.40 and a 200 day moving average price of $74.50. Coca-Cola Europacific Partners PLC has a 12 month low of $56.45 and a 12 month high of $82.32. The firm has a market capitalization of $35.79 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 3.54 and a beta of 0.90. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12.

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.