Sumitomo Mitsui DS Asset Management Company Ltd Purchases 4,480 Shares of Coca-Cola Europacific Partners $CCEP

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 22.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,839 shares of the company’s stock after purchasing an additional 4,480 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Coca-Cola Europacific Partners were worth $2,303,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CCEP. Vise Technologies Inc. boosted its holdings in Coca-Cola Europacific Partners by 37.9% in the 4th quarter. Vise Technologies Inc. now owns 4,894 shares of the company’s stock valued at $376,000 after purchasing an additional 1,346 shares during the period. GF Fund Management CO. LTD. bought a new position in Coca-Cola Europacific Partners in the 4th quarter valued at $6,702,000. Mackenzie Financial Corp boosted its holdings in Coca-Cola Europacific Partners by 10.4% in the 4th quarter. Mackenzie Financial Corp now owns 270,162 shares of the company’s stock valued at $20,751,000 after purchasing an additional 25,560 shares during the period. Jefferies Financial Group Inc. bought a new position in Coca-Cola Europacific Partners in the 4th quarter valued at $4,857,000. Finally, Siemens Fonds Invest GmbH boosted its holdings in Coca-Cola Europacific Partners by 79.1% in the 4th quarter. Siemens Fonds Invest GmbH now owns 16,226 shares of the company’s stock valued at $1,246,000 after purchasing an additional 7,165 shares during the period. 31.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. UBS Group raised their price target on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Wall Street Zen downgraded shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Barclays dropped their price objective on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Finally, Morgan Stanley downgraded shares of Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $92.40.

Coca-Cola Europacific Partners Price Performance

CCEP stock opened at $89.94 on Monday. The firm’s 50-day moving average price is $92.75 and its two-hundred day moving average price is $90.38. Coca-Cola Europacific Partners has a 12-month low of $73.40 and a 12-month high of $100.67. The stock has a market capitalization of $41.46 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 2.61 and a beta of 0.78. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 1.15.

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.