National Pension Service Raises Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

National Pension Service lifted its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 7.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 449,656 shares of the company's stock after acquiring an additional 33,082 shares during the period. National Pension Service owned approximately 0.10% of Coca-Cola Europacific Partners worth $35,410,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. grew its stake in shares of Coca-Cola Europacific Partners by 436.7% in the 1st quarter. Bessemer Group Inc. now owns 19,514 shares of the company's stock worth $1,365,000 after acquiring an additional 15,878 shares in the last quarter. Lombard Odier Asset Management Europe Ltd grew its position in Coca-Cola Europacific Partners by 103.4% in the 2nd quarter. Lombard Odier Asset Management Europe Ltd now owns 92,770 shares of the company's stock worth $6,760,000 after purchasing an additional 47,165 shares in the last quarter. Dynasty Wealth Management LLC purchased a new stake in Coca-Cola Europacific Partners in the 1st quarter valued at about $579,000. Cetera Advisors LLC lifted its position in shares of Coca-Cola Europacific Partners by 234.1% during the 1st quarter. Cetera Advisors LLC now owns 10,325 shares of the company's stock worth $722,000 after buying an additional 7,235 shares in the last quarter. Finally, Diversified Trust Co purchased a new position in shares of Coca-Cola Europacific Partners in the 3rd quarter worth approximately $2,513,000. Institutional investors and hedge funds own 31.35% of the company's stock.

Analyst Upgrades and Downgrades

CCEP has been the topic of a number of recent analyst reports. BNP Paribas lowered Coca-Cola Europacific Partners from an "outperform" rating to a "neutral" rating and set a $81.00 price target on the stock. in a report on Tuesday, September 10th. Evercore ISI increased their price target on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an "outperform" rating in a research report on Wednesday. Barclays lifted their price objective on shares of Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the stock an "overweight" rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft increased their target price on shares of 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. Finally, Bank of America upped their price objective on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a "buy" rating in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Coca-Cola Europacific Partners has a consensus rating of "Moderate Buy" and a consensus target price of $81.22.

Coca-Cola Europacific Partners Stock Up 1.0 %

Shares of NASDAQ CCEP traded up $0.78 during mid-day trading on Thursday, hitting $77.26. The company had a trading volume of 1,282,803 shares, compared to its average volume of 1,395,238. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. Coca-Cola Europacific Partners PLC has a 1 year low of $59.31 and a 1 year high of $82.32. The stock's 50-day moving average price is $78.70 and its 200-day moving average price is $75.58.

Coca-Cola Europacific Partners Company Profile

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.