Coca-Cola Europacific Partners $CCEP Shares Acquired by Nissay Asset Management Corp Japan ADV

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 first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,468 shares of the company's stock after purchasing an additional 9,738 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Coca-Cola Europacific Partners were worth $7,090,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CCEP. Assetmark Inc. increased its stake in shares of Coca-Cola Europacific Partners by 107.3% during the 1st quarter. Assetmark Inc. now owns 284 shares of the company's stock worth $25,000 after purchasing an additional 147 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of Coca-Cola Europacific Partners during the 1st quarter worth approximately $28,000. Cullen Frost Bankers Inc. increased its stake in shares of 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 in the last quarter. HM Payson & Co. purchased a new position in shares of Coca-Cola Europacific Partners during the 1st quarter worth approximately $33,000. Finally, Motco increased its stake in shares of Coca-Cola Europacific Partners by 285.7% during the 1st quarter. Motco now owns 405 shares of the company's stock worth $35,000 after purchasing an additional 300 shares in the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Trading Down 0.9%

Shares of CCEP traded down $0.78 during mid-day trading on Friday, reaching $89.28. The company had a trading volume of 475,661 shares, compared to its average volume of 2,140,798. The stock has a market cap of $41.15 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 2.58 and a beta of 0.78. The firm has a fifty day simple moving average of $93.55 and a 200-day simple moving average of $90.18. Coca-Cola Europacific Partners has a fifty-two week low of $73.40 and a fifty-two week high of $100.67. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 1.15.

Wall Street Analyst Weigh In

CCEP has been the topic of a number of analyst reports. Barclays decreased 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 report on Friday, August 8th. Wall Street Zen lowered shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Morgan Stanley lowered shares of Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research report on Thursday, August 7th. UBS Group raised 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, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.40.

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.