237,500 Shares in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Purchased by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co acquired a new position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the 4th quarter, HoldingsChannel reports. The firm acquired 237,500 shares of the company’s stock, valued at approximately $18,242,000.

Other hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB boosted its stake in Coca-Cola Europacific Partners by 85.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock worth $33,000 after purchasing an additional 197 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth $34,000. Whipplewood Advisors LLC acquired a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at about $52,000. Finally, Blue Trust Inc. lifted its stake in shares of Coca-Cola Europacific Partners by 16.2% in the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock worth $94,000 after buying an additional 166 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CCEP. Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Evercore ISI upped their price target on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. UBS Group upped their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Barclays lifted their price target on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Coca-Cola Europacific Partners Stock Down 6.6 %

Shares of CCEP opened at $83.93 on Friday. The company’s 50-day moving average price is $83.77 and its 200 day moving average price is $79.55. Coca-Cola Europacific Partners PLC has a 12-month low of $65.94 and a 12-month high of $91.29. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The firm has a market cap of $38.69 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73.

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.