Korea Investment CORP Has $12.44 Million Stake in Coca-Cola Europacific Partners $CCEP

Key Points

• Korea Investment CORP increased its stake in Coca-Cola Europacific Partners by 28%, acquiring an additional 31,257 shares during the first quarter, bringing its total holdings to 142,971 shares valued at $12.4 million.
• Institutional investors and hedge funds collectively own 31.35% of Coca-Cola Europacific Partners, indicating significant interest from larger investment entities.
• Analysts have mixed ratings on the stock, with one Strong Buy, four Buy, four Hold, and one Sell rating, alongside an average target price of $90.43.

Korea Investment CORP boosted its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 28.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,971 shares of the company's stock after purchasing an additional 31,257 shares during the period. Korea Investment CORP's holdings in Coca-Cola Europacific Partners were worth $12,439,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CCEP. First Trust Advisors LP increased its holdings in Coca-Cola Europacific Partners by 9.1% in the fourth quarter. First Trust Advisors LP now owns 425,565 shares of the company's stock valued at $32,688,000 after purchasing an additional 35,387 shares during the period. Dimensional Fund Advisors LP increased its holdings in Coca-Cola Europacific Partners by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 53,142 shares of the company's stock valued at $4,087,000 after purchasing an additional 155 shares during the period. MetLife Investment Management LLC increased its holdings in Coca-Cola Europacific Partners by 35.0% in the fourth quarter. MetLife Investment Management LLC now owns 24,300 shares of the company's stock valued at $1,866,000 after purchasing an additional 6,300 shares during the period. TD Waterhouse Canada Inc. increased its holdings in Coca-Cola Europacific Partners by 61.3% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,757 shares of the company's stock valued at $135,000 after purchasing an additional 668 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in Coca-Cola Europacific Partners by 16.8% in the fourth quarter. Hsbc Holdings PLC now owns 145,084 shares of the company's stock valued at $11,107,000 after purchasing an additional 20,875 shares during the period. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Down 0.8%

CCEP traded down $0.75 during trading on Wednesday, hitting $88.53. 1,673,645 shares of the company's stock were exchanged, compared to its average volume of 1,975,608. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 1.15. The business's 50 day moving average is $94.43 and its two-hundred day moving average is $89.85. Coca-Cola Europacific Partners has a fifty-two week low of $73.40 and a fifty-two week high of $100.67. The stock has a market cap of $40.81 billion, a P/E ratio of 18.22, a PEG ratio of 2.59 and a beta of 0.75.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CCEP shares. Wall Street Zen downgraded Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Morgan Stanley downgraded Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Barclays decreased their price target on 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, UBS Group increased their price target on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $90.43.

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.