Coca-Cola Europacific Partners $CCEP Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 11.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 305,684 shares of the company's stock after acquiring an additional 31,980 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.07% of Coca-Cola Europacific Partners worth $26,604,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Private Trust Co. NA raised its holdings in shares of Coca-Cola Europacific Partners by 6.0% in the 1st quarter. Private Trust Co. NA now owns 2,022 shares of the company's stock valued at $176,000 after purchasing an additional 115 shares in the last quarter. BKM Wealth Management LLC grew its position in shares of Coca-Cola Europacific Partners by 1.6% in the 1st quarter. BKM Wealth Management LLC now owns 7,834 shares of the company's stock worth $682,000 after buying an additional 124 shares during the last quarter. Assetmark Inc. grew its position in shares of Coca-Cola Europacific Partners by 107.3% in the 1st quarter. Assetmark Inc. now owns 284 shares of the company's stock worth $25,000 after buying an additional 147 shares during the last quarter. RWA Wealth Partners LLC grew its position in shares of Coca-Cola Europacific Partners by 0.3% in the 1st quarter. RWA Wealth Partners LLC now owns 53,905 shares of the company's stock worth $4,691,000 after buying an additional 149 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Coca-Cola Europacific Partners by 2.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,177 shares of the company's stock worth $538,000 after buying an additional 150 shares during the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock traded down $0.35 during trading hours on Friday, hitting $89.71. The company's stock had a trading volume of 1,128,912 shares, compared to its average volume of 2,030,219. The company has a 50 day moving average of $93.40 and a 200 day moving average of $90.22. The stock has a market cap of $41.35 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 2.62 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 has a 12-month low of $73.40 and a 12-month high of $100.67.

Analyst Upgrades and Downgrades

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

About Coca-Cola Europacific Partners

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.