Tokio Marine Asset Management Co. Ltd. Acquires 658 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 12.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,120 shares of the company’s stock after purchasing an additional 658 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Coca-Cola Europacific Partners were worth $408,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in shares of Coca-Cola Europacific Partners during the 4th quarter worth approximately $28,000. Global Retirement Partners LLC grew its stake in shares of Coca-Cola Europacific Partners by 24.1% during the 4th quarter. Global Retirement Partners LLC now owns 799 shares of the company’s stock worth $54,000 after acquiring an additional 155 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new position in shares of Coca-Cola Europacific Partners during the 4th quarter worth approximately $61,000. NBC Securities Inc. bought a new position in shares of Coca-Cola Europacific Partners during the 3rd quarter worth approximately $73,000. Finally, ZRC Wealth Management LLC bought a new position in shares of Coca-Cola Europacific Partners during the 4th quarter worth approximately $85,000. 31.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. BNP Paribas raised shares of Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price target for the company in a research note on Friday, January 12th. StockNews.com raised Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Barclays increased their price objective on Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Finally, Argus increased their price objective on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $75.44.

Coca-Cola Europacific Partners Trading Up 0.8 %

Shares of Coca-Cola Europacific Partners stock opened at $71.50 on Monday. The business has a fifty day simple moving average of $69.62 and a two-hundred day simple moving average of $65.75. Coca-Cola Europacific Partners PLC has a 1 year low of $56.28 and a 1 year high of $72.67. 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 (NASDAQ:CCEP) last announced its quarterly earnings results on Friday, February 23rd. The company reported $1.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.85. On average, research analysts anticipate that Coca-Cola Europacific Partners PLC will post 4.18 earnings per share for the current 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.