Sumitomo Mitsui DS Asset Management Company Ltd Grows Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 10.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,533 shares of the company’s stock after acquiring an additional 1,864 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Coca-Cola Europacific Partners were worth $1,577,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CCEP. AQR Capital Management LLC purchased a new stake in shares of Coca-Cola Europacific Partners during the second quarter worth approximately $361,000. Cetera Investment Advisers increased its stake in Coca-Cola Europacific Partners by 5.6% in the 2nd quarter. Cetera Investment Advisers now owns 26,768 shares of the company’s stock valued at $1,951,000 after buying an additional 1,425 shares during the period. CWM LLC increased its stake in Coca-Cola Europacific Partners by 14.5% in the 3rd quarter. CWM LLC now owns 1,318 shares of the company’s stock valued at $104,000 after buying an additional 167 shares during the period. Redhawk Wealth Advisors Inc. purchased a new position in Coca-Cola Europacific Partners during the 3rd quarter worth $362,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in shares of Coca-Cola Europacific Partners by 31.7% in the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 91,263 shares of the company’s stock worth $7,191,000 after acquiring an additional 21,985 shares during the period. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock opened at $80.42 on Tuesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. Coca-Cola Europacific Partners PLC has a fifty-two week low of $65.77 and a fifty-two week high of $82.32. The business has a fifty day simple moving average of $77.08 and a 200-day simple moving average of $77.42.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CCEP. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. UBS Group boosted their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Barclays reduced their price target on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price objective for the company. Finally, JPMorgan Chase & Co. downgraded Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $85.00 to $82.00 in a report on Wednesday, November 27th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and a consensus price target of $84.11.

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.