Daiwa Securities Group Inc. Acquires 12,271 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Daiwa Securities Group Inc. raised its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 56.1% during the fourth quarter, Holdings Channel reports. The fund owned 34,140 shares of the company’s stock after buying an additional 12,271 shares during the period. Daiwa Securities Group Inc.’s holdings in Coca-Cola Europacific Partners were worth $2,279,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCEP. Norges Bank purchased a new position in Coca-Cola Europacific Partners in the fourth quarter valued at about $66,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Coca-Cola Europacific Partners by 196.6% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,762,591 shares of the company’s stock valued at $97,507,000 after acquiring an additional 1,168,323 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in Coca-Cola Europacific Partners by 94.7% in the second quarter. Nuveen Asset Management LLC now owns 1,839,421 shares of the company’s stock valued at $118,514,000 after acquiring an additional 894,560 shares during the last quarter. BlackRock Inc. boosted its stake in Coca-Cola Europacific Partners by 5.0% in the first quarter. BlackRock Inc. now owns 14,447,992 shares of the company’s stock valued at $702,316,000 after acquiring an additional 685,745 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in Coca-Cola Europacific Partners by 1,183.0% in the first quarter. Balyasny Asset Management L.P. now owns 706,715 shares of the company’s stock valued at $41,830,000 after acquiring an additional 651,632 shares during the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on CCEP. UBS Group upped their price target on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Argus upped their price target on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. StockNews.com upgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Finally, Barclays upped their price target on shares of Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $74.02.

Coca-Cola Europacific Partners Stock Performance

Coca-Cola Europacific Partners stock opened at $67.58 on Monday. The firm’s 50 day simple moving average is $69.30 and its 200 day simple moving average is $65.34. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 1.27. Coca-Cola Europacific Partners PLC has a 1-year low of $56.28 and a 1-year high of $72.67.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last posted its earnings results on Friday, February 23rd. The company reported $1.85 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.85. Analysts expect that Coca-Cola Europacific Partners PLC will post 4.18 earnings per share for the current fiscal year.

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.