Mirae Asset Global Investments Co. Ltd. increased its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 20.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 80,852 shares of the company's stock after purchasing an additional 13,657 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Coca-Cola Europacific Partners were worth $6,402,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. increased its position in Coca-Cola Europacific Partners by 21.4% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 12,206 shares of the company's stock worth $854,000 after buying an additional 2,150 shares during the period. Norden Group LLC bought a new position in Coca-Cola Europacific Partners in the 1st quarter worth approximately $483,000. Legacy Wealth Asset Management LLC increased its position in Coca-Cola Europacific Partners by 2.7% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 29,627 shares of the company's stock worth $2,072,000 after buying an additional 787 shares during the period. FCG Investment Co increased its position in Coca-Cola Europacific Partners by 57.9% in the 1st quarter. FCG Investment Co now owns 17,309 shares of the company's stock worth $1,211,000 after buying an additional 6,345 shares during the period. Finally, Mission Wealth Management LP bought a new stake in shares of Coca-Cola Europacific Partners during the first quarter valued at approximately $202,000. 31.35% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have recently issued reports on CCEP shares. Deutsche Bank Aktiengesellschaft boosted their price objective on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a "buy" rating in a research report on Monday, September 9th. Barclays lowered their price target on Coca-Cola Europacific Partners from $85.00 to $84.00 and set an "overweight" rating on the stock in a research report on Friday, October 11th. Citigroup upgraded Coca-Cola Europacific Partners to a "strong-buy" rating in a research report on Thursday, October 3rd. Bank of America upped their price target on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a "buy" rating in a research report on Wednesday, July 10th. Finally, BNP Paribas cut Coca-Cola Europacific Partners from an "outperform" rating to a "neutral" rating and set a $81.00 price target on the stock. in a research report on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $80.88.
Check Out Our Latest Stock Analysis on Coca-Cola Europacific Partners
Coca-Cola Europacific Partners Trading Down 1.6 %
NASDAQ:CCEP traded down $1.23 during mid-day trading on Tuesday, hitting $76.26. The company had a trading volume of 1,133,033 shares, compared to its average volume of 1,400,314. Coca-Cola Europacific Partners PLC has a fifty-two week low of $57.48 and a fifty-two week high of $82.32. The business's fifty day moving average is $79.04 and its two-hundred day moving average is $75.17. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. The firm has a market cap of $34.83 billion, a P/E ratio of 16.26, a P/E/G ratio of 3.54 and a beta of 0.90.
Coca-Cola Europacific Partners Company Profile
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Free Report)
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.
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