Dai ichi Life Insurance Company Ltd Cuts Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Dai ichi Life Insurance Company Ltd lessened its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 23.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,478 shares of the company’s stock after selling 4,351 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Coca-Cola Europacific Partners were worth $1,055,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its holdings in Coca-Cola Europacific Partners by 6.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 41,041 shares of the company’s stock worth $2,991,000 after buying an additional 2,514 shares during the last quarter. Andra AP fonden acquired a new position in shares of Coca-Cola Europacific Partners during the 2nd quarter worth approximately $15,889,000. Exane Asset Management acquired a new position in shares of Coca-Cola Europacific Partners during the 2nd quarter worth approximately $11,119,000. Royal London Asset Management Ltd. boosted its holdings in shares of Coca-Cola Europacific Partners by 1.9% during the 2nd quarter. Royal London Asset Management Ltd. now owns 178,788 shares of the company’s stock worth $13,028,000 after purchasing an additional 3,400 shares during the last quarter. Finally, LGT Group Foundation acquired a new position in Coca-Cola Europacific Partners in the second quarter valued at approximately $430,000. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CCEP. 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 report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft upped their price objective on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Barclays upped their price objective on Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Finally, BNP Paribas lowered Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a research report on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $79.78.

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP opened at $81.88 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 1 year low of $56.28 and a 1 year high of $82.32. The company has a fifty day moving average of $76.40 and a two-hundred day moving average of $73.45.

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.