Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Acquired by iA Global Asset Management Inc.

iA Global Asset Management Inc. lifted its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 12.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,215 shares of the company’s stock after acquiring an additional 5,294 shares during the period. iA Global Asset Management Inc.’s holdings in Coca-Cola Europacific Partners were worth $3,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CCEP. FIL Ltd increased its holdings in shares of Coca-Cola Europacific Partners by 9.6% in the fourth quarter. FIL Ltd now owns 3,629,675 shares of the company’s stock valued at $242,245,000 after purchasing an additional 317,936 shares during the period. Point72 Asset Management L.P. raised its position in Coca-Cola Europacific Partners by 89.3% during the 4th quarter. Point72 Asset Management L.P. now owns 2,156,056 shares of the company’s stock worth $143,895,000 after buying an additional 1,017,278 shares during the last quarter. Fiduciary Management Inc. WI lifted its stake in Coca-Cola Europacific Partners by 25.8% during the 4th quarter. Fiduciary Management Inc. WI now owns 1,785,320 shares of the company’s stock valued at $119,152,000 after acquiring an additional 365,820 shares during the period. LSV Asset Management boosted its holdings in shares of Coca-Cola Europacific Partners by 1.6% in the 4th quarter. LSV Asset Management now owns 1,367,801 shares of the company’s stock valued at $91,287,000 after acquiring an additional 21,495 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Coca-Cola Europacific Partners by 1.2% during the fourth quarter. Wells Fargo & Company MN now owns 1,066,631 shares of the company’s stock worth $71,187,000 after purchasing an additional 12,679 shares during the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Wall Street Analyst Weigh In

CCEP has been the topic of several recent research reports. StockNews.com lowered shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a report on Sunday, May 19th. Bank of America raised their target price on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, Barclays boosted their price target on Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.11.

Coca-Cola Europacific Partners Stock Up 0.6 %

Shares of CCEP opened at $80.49 on Friday. The firm has a market cap of $36.77 billion, a P/E ratio of 17.38, a PEG ratio of 3.45 and a beta of 0.89. Coca-Cola Europacific Partners PLC has a 12 month low of $56.28 and a 12 month high of $80.82. The stock’s 50 day moving average is $74.87 and its two-hundred day moving average is $72.43. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27.

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.