JPMorgan Chase & Co. Has $263.71 Million Stock Position in Coca-Cola Europacific Partners (NASDAQ:CCEP)

Key Points

• JPMorgan Chase & Co. increased its stake in Coca-Cola Europacific Partners by 4.9% during the first quarter, owning 3,030,119 shares valued at approximately $263.7 million.
• Other large investors, including Bank of New York Mellon Corp and Siemens Fonds Invest GmbH, have also escalated their positions in Coca-Cola Europacific Partners, indicating growing institutional interest.
• Coca-Cola Europacific Partners stock is currently down 1.4% and has a market capitalization of $42.39 billion, with a consensus price target of $90.43 among analysts.

JPMorgan Chase & Co. grew its position in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 4.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,030,119 shares of the company's stock after purchasing an additional 142,019 shares during the period. JPMorgan Chase & Co. owned about 0.66% of Coca-Cola Europacific Partners worth $263,711,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Assetmark Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 107.3% in the first quarter. Assetmark Inc. now owns 284 shares of the company's stock valued at $25,000 after buying an additional 147 shares during the last quarter. NBC Securities Inc. bought a new position in shares of Coca-Cola Europacific Partners in the first quarter valued at about $28,000. Optiver Holding B.V. bought a new stake in Coca-Cola Europacific Partners during the 4th quarter worth about $29,000. Cullen Frost Bankers Inc. raised its holdings in Coca-Cola Europacific Partners by 204.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company's stock worth $32,000 after purchasing an additional 245 shares during the last quarter. Finally, HM Payson & Co. bought a new stake in Coca-Cola Europacific Partners during the 1st quarter worth about $33,000. Institutional investors and hedge funds own 31.35% of the company's stock.

Coca-Cola Europacific Partners Stock Up 0.1%

Shares of CCEP traded up $0.05 on Friday, hitting $90.70. The company's stock had a trading volume of 1,943,223 shares, compared to its average volume of 1,847,624. 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 firm's fifty day moving average price is $94.83 and its 200-day moving average price is $89.31. Coca-Cola Europacific Partners has a fifty-two week low of $73.40 and a fifty-two week high of $100.67. The firm has a market capitalization of $41.81 billion, a price-to-earnings ratio of 18.66, a P/E/G ratio of 2.63 and a beta of 0.75.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Barclays dropped their price objective 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. Morgan Stanley cut Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a report on Thursday, August 7th. Wall Street Zen cut Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. UBS Group upped their price target on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Coca-Cola Europacific Partners in a research note on Friday, August 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $90.43.

Coca-Cola Europacific Partners Company 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.