Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Acquired by APG Asset Management N.V.

APG Asset Management N.V. boosted its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 37.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 355,000 shares of the company’s stock after acquiring an additional 96,000 shares during the quarter. APG Asset Management N.V. owned 0.08% of Coca-Cola Europacific Partners worth $26,333,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter worth $27,000. MassMutual Private Wealth & Trust FSB grew its stake in Coca-Cola Europacific Partners by 85.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock valued at $33,000 after purchasing an additional 197 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter worth about $34,000. Whipplewood Advisors LLC acquired a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter worth about $52,000. Finally, Blue Trust Inc. lifted its position in shares of Coca-Cola Europacific Partners by 16.2% during the 4th quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock worth $94,000 after purchasing an additional 166 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Price Performance

CCEP stock opened at $85.09 on Thursday. 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 50-day moving average price of $84.27 and a 200 day moving average price of $79.64. The stock 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 current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CCEP. Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. Evercore ISI increased their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Barclays raised their price target on shares of Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, March 27th. Finally, UBS Group boosted their target price on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Coca-Cola Europacific Partners 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.