National Pension Service Grows Position in Coca-Cola Europacific Partners $CCEP

Key Points

• National Pension Service increased its Coca-Cola Europacific Partners stake by 23.6% in the second quarter, adding 12,468 shares to own 65,302 shares valued at approximately $6.535 million.
• Other institutional investors also raised their positions, and hedge funds and institutions collectively own 31.35% of CCEP stock.
• CCEP shares opened at $102.77, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $108.44.

National Pension Service increased its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 23.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 65,302 shares of the company's stock after purchasing an additional 12,468 shares during the quarter. National Pension Service's holdings in Coca-Cola Europacific Partners were worth $6,535,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fulton Bank N.A. boosted its stake in Coca-Cola Europacific Partners by 3.2% during the first quarter. Fulton Bank N.A. now owns 3,699 shares of the company's stock worth $335,000 after buying an additional 113 shares during the period. Parallel Advisors LLC raised its stake in shares of Coca-Cola Europacific Partners by 3.7% in the 1st quarter. Parallel Advisors LLC now owns 3,341 shares of the company's stock valued at $303,000 after acquiring an additional 119 shares during the period. Quarry LP lifted its holdings in shares of Coca-Cola Europacific Partners by 59.1% in the 4th quarter. Quarry LP now owns 393 shares of the company's stock worth $36,000 after acquiring an additional 146 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Coca-Cola Europacific Partners by 18.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,015 shares of the company's stock worth $92,000 after acquiring an additional 155 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Coca-Cola Europacific Partners by 14.7% during the 1st quarter. Blue Trust Inc. now owns 1,217 shares of the company's stock worth $110,000 after purchasing an additional 156 shares during the period. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Trading Down 0.1%

Shares of CCEP stock opened at $102.77 on Friday. Coca-Cola Europacific Partners has a fifty-two week low of $84.65 and a fifty-two week high of $113.67. The company has a 50 day moving average price of $106.99 and a 200 day moving average price of $100.50. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.68 and a current ratio of 0.89.

Wall Street Analyst Weigh In

CCEP has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Coca-Cola Europacific Partners in a report on Thursday, July 2nd. Wells Fargo & Company raised their price target on Coca-Cola Europacific Partners from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Monday, August 3rd. Sanford C. Bernstein restated a "market perform" rating and set a $106.00 price target on shares of Coca-Cola Europacific Partners in a research report on Wednesday, August 5th. Barclays lifted their price objective on Coca-Cola Europacific Partners from $114.00 to $119.00 and gave the company an "overweight" rating in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and set a $92.00 target price on shares of Coca-Cola Europacific Partners in a research note on Friday, September 4th. Seven research analysts have rated the stock with 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $108.44.

Coca-Cola Europacific Partners Profile

• Why Chemours Co NYSE: CC Stock is the Recipe for Gains

Coca-Cola Europacific Partners plc NASDAQ: CCEP is a major Coca-Cola bottling partner that manufactures, markets, sells and distributes a broad portfolio of beverages. Its products include Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Powerade, Fuze Tea, smartwater, Costa Coffee and Monster Energy, among other brands.

The company serves customers across a broad geographic territory spanning Europe and the Asia-Pacific region. Its markets include Great Britain, Germany, Spain, Portugal, France, Belgium, the Netherlands, Norway, Sweden, Iceland and Switzerland, as well as Australia, New Zealand, Indonesia and selected Pacific island markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.