Mitsubishi UFJ Asset Management Co. Ltd. Has $17.45 Million Stock Position in Coca-Cola Europacific Partners (NASDAQ:CCEP)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Coca-Cola Europacific Partners by 11%, acquiring an additional 19,951 shares, bringing their total holdings to 200,539 shares valued at approximately $17.45 million.
• Multiple institutional investors have shown significant investment activity, with Vanguard Group Inc. boosting its holdings by over 462% and owning nearly 9.9 million shares valued at $862 million.
• The stock price of Coca-Cola Europacific Partners is currently down 0.3% at $94.51, with a twelve-month range between $72.97 and $100.67.

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 11.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,539 shares of the company's stock after buying an additional 19,951 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in Coca-Cola Europacific Partners were worth $17,453,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ASR Vermogensbeheer N.V. purchased a new position in Coca-Cola Europacific Partners during the first quarter worth about $722,000. Vanguard Group Inc. boosted its holdings in Coca-Cola Europacific Partners by 462.7% during the first quarter. Vanguard Group Inc. now owns 9,883,600 shares of the company's stock worth $862,167,000 after purchasing an additional 8,126,996 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Coca-Cola Europacific Partners by 24.3% during the first quarter. Goldman Sachs Group Inc. now owns 6,205,337 shares of the company's stock worth $540,050,000 after purchasing an additional 1,214,493 shares during the last quarter. iA Global Asset Management Inc. purchased a new position in Coca-Cola Europacific Partners during the first quarter worth about $5,593,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Coca-Cola Europacific Partners by 4.8% during the first quarter. PNC Financial Services Group Inc. now owns 20,904 shares of the company's stock worth $1,819,000 after purchasing an additional 956 shares during the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Down 0.3%

CCEP opened at $94.51 on Tuesday. The company's 50-day moving average price is $94.84 and its two-hundred day moving average price is $89.00. Coca-Cola Europacific Partners has a twelve month low of $72.97 and a twelve month high of $100.67. 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 stock has a market cap of $43.56 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 2.49 and a beta of 0.75.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CCEP. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Coca-Cola Europacific Partners in a report on Friday. Morgan Stanley cut shares of Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a report on Thursday. Barclays dropped their target price on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating on the stock in a research note on Friday. UBS Group boosted their target price on shares of 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, Wall Street Zen cut shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Coca-Cola Europacific Partners 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.

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