Sumitomo Mitsui Trust Group Inc. Has $42.29 Million Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Sumitomo Mitsui Trust Group Inc. lifted its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 550,630 shares of the company's stock after buying an additional 28,867 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.12% of Coca-Cola Europacific Partners worth $42,294,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Coca-Cola Europacific Partners by 307.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company's stock valued at $191,984,000 after purchasing an additional 1,839,321 shares in the last quarter. Janus Henderson Group PLC acquired a new position in shares of Coca-Cola Europacific Partners during the third quarter worth $52,364,000. Vontobel Holding Ltd. increased its holdings in shares of Coca-Cola Europacific Partners by 2,575.0% during the third quarter. Vontobel Holding Ltd. now owns 256,029 shares of the company's stock worth $20,244,000 after buying an additional 246,458 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Coca-Cola Europacific Partners by 120.8% during the fourth quarter. SG Americas Securities LLC now owns 433,121 shares of the company's stock worth $33,268,000 after buying an additional 236,917 shares in the last quarter. Finally, Verde Servicos Internacionais S.A. acquired a new position in shares of Coca-Cola Europacific Partners during the fourth quarter worth $14,124,000. 31.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CCEP. Evercore ISI upped their price target on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. Sanford C. Bernstein assumed coverage on shares of Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They issued a "market perform" rating and a $82.00 price objective on the stock. Barclays reduced their price objective on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $85.00 to $82.00 in a research note on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $84.11.

Coca-Cola Europacific Partners Stock Performance

CCEP traded up $2.19 during trading on Friday, reaching $84.90. 2,466,593 shares of the stock traded hands, compared to its average volume of 1,597,066. 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 stock's 50-day moving average is $77.39 and its 200 day moving average is $77.59. Coca-Cola Europacific Partners PLC has a 12 month low of $65.94 and a 12 month high of $85.61.

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.