Nissay Asset Management Corp Japan ADV Buys 9,738 Shares of Coca-Cola Europacific Partners $CCEP

Key Points

• Nissay Asset Management Corp Japan ADV increased its holdings in Coca-Cola Europacific Partners by 13.6%, acquiring an additional 9,738 shares, bringing its total to 81,468 shares valued at approximately $7.09 million.
• Major institutional investors like Vanguard Group Inc. and AGF Management Ltd. made significant adjustments to their positions, with Vanguard increasing its stake by 462.7% and AGF by 13,956.3% during the first quarter.
• Analysts have mixed ratings for Coca-Cola Europacific Partners, with one "Strong Buy," four "Buy," and four "Hold" ratings; the consensus target price is set at $90.43.

Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 13.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,468 shares of the company's stock after purchasing an additional 9,738 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Coca-Cola Europacific Partners were worth $7,090,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CCEP. Vanguard Group Inc. grew its holdings in shares of 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 in the last quarter. Nuveen LLC purchased a new position in shares of Coca-Cola Europacific Partners during the first quarter worth about $162,036,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Coca-Cola Europacific Partners by 253.8% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,948,024 shares of the company's stock worth $169,537,000 after purchasing an additional 1,397,394 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of 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 in the last quarter. Finally, AGF Management Ltd. grew its holdings in shares of Coca-Cola Europacific Partners by 13,956.3% during the first quarter. AGF Management Ltd. now owns 595,143 shares of the company's stock worth $51,795,000 after purchasing an additional 590,909 shares in the last quarter. Hedge funds and other institutional investors own 31.35% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CCEP. Morgan Stanley lowered Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Wall Street Zen lowered Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Barclays cut their target price on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Finally, UBS Group upped their target price on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Coca-Cola Europacific Partners currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.43.

Coca-Cola Europacific Partners Stock Up 1.7%

Shares of CCEP opened at $88.88 on Friday. The firm has a market cap of $40.97 billion, a P/E ratio of 18.29, a P/E/G ratio of 2.58 and a beta of 0.78. The stock has a 50 day simple moving average of $93.87 and a two-hundred day simple moving average of $90.11. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65. Coca-Cola Europacific Partners has a 1 year low of $73.40 and a 1 year high of $100.67.

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.

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