APG Asset Management N.V. Grows Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

APG Asset Management N.V. grew its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 37.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 355,000 shares of the company’s stock after acquiring an additional 96,000 shares during the period. APG Asset Management N.V.’s holdings in Coca-Cola Europacific Partners were worth $26,333,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC increased its position in Coca-Cola Europacific Partners by 0.4% in the third quarter. HighTower Advisors LLC now owns 41,187 shares of the company’s stock worth $3,242,000 after buying an additional 177 shares during the period. Quantinno Capital Management LP boosted its position in shares of Coca-Cola Europacific Partners by 15.8% in the 3rd quarter. Quantinno Capital Management LP now owns 29,577 shares of the company’s stock valued at $2,329,000 after purchasing an additional 4,034 shares during the period. Wellington Management Group LLP boosted its position in shares of Coca-Cola Europacific Partners by 4.1% in the 3rd quarter. Wellington Management Group LLP now owns 461,785 shares of the company’s stock valued at $36,366,000 after purchasing an additional 18,133 shares during the period. MML Investors Services LLC boosted its position in shares of Coca-Cola Europacific Partners by 6.4% in the 3rd quarter. MML Investors Services LLC now owns 6,390 shares of the company’s stock valued at $503,000 after purchasing an additional 384 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Coca-Cola Europacific Partners in the 3rd quarter worth about $618,000. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Trading Up 4.0 %

Shares of CCEP stock opened at $85.09 on Thursday. Coca-Cola Europacific Partners PLC has a fifty-two week low of $65.94 and a fifty-two week high of $91.29. The company has a market cap of $39.22 billion, a PE ratio of 17.51, a P/E/G ratio of 4.89 and a beta of 0.73. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. The stock’s fifty day moving average price is $84.27 and its two-hundred day moving average price is $79.64.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CCEP shares. Evercore ISI raised their price target on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. UBS Group raised 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 objective 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 equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

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.