Korea Investment CORP Increases Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Korea Investment CORP increased its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 111,714 shares of the company’s stock after buying an additional 5,600 shares during the period. Korea Investment CORP’s holdings in Coca-Cola Europacific Partners were worth $8,638,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCEP. Bay Capital Advisors LLC purchased a new position in shares of Coca-Cola Europacific Partners in the fourth quarter valued at $292,000. TIAA Trust National Association grew its stake in Coca-Cola Europacific Partners by 4.4% in the 4th quarter. TIAA Trust National Association now owns 3,420 shares of the company’s stock valued at $263,000 after acquiring an additional 145 shares during the last quarter. LPL Financial LLC increased its holdings in Coca-Cola Europacific Partners by 28.1% during the 4th quarter. LPL Financial LLC now owns 117,700 shares of the company’s stock valued at $9,041,000 after acquiring an additional 25,840 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Coca-Cola Europacific Partners during the fourth quarter worth about $12,005,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Coca-Cola Europacific Partners by 0.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,768 shares of the company’s stock valued at $4,437,000 after purchasing an additional 528 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. 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 research report on Thursday, March 27th. Evercore ISI upped their price objective 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. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. 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. Finally, Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $87.00.

Coca-Cola Europacific Partners Price Performance

CCEP opened at $87.03 on Tuesday. Coca-Cola Europacific Partners PLC has a 1 year low of $65.94 and a 1 year high of $88.39. The company’s 50 day simple moving average is $82.96 and its 200 day simple moving average is $79.37. The stock has a market capitalization of $40.12 billion, a PE ratio of 17.91, a P/E/G ratio of 4.89 and a beta of 0.91. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81.

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.