Nomura Holdings Inc. Has $575,000 Stake in Coca-Cola Europacific Partners $CCEP

Key Points

• Nomura Holdings Inc. decreased its stake in Coca-Cola Europacific Partners by 86.9%, resulting in holdings valued at $575,000 after selling 43,665 shares in the first quarter.
• Other institutions, such as Assetmark Inc. and Cullen Frost Bankers Inc., increased their investments significantly during the same period, showcasing growing interest in the company.
• Major analysts have varied opinions on the stock, with Deutsche Bank maintaining a "buy" rating, while others like Barclays and Morgan Stanley adjusted their price targets and ratings, indicating mixed market sentiment.

Nomura Holdings Inc. cut its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 86.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,603 shares of the company's stock after selling 43,665 shares during the period. Nomura Holdings Inc.'s holdings in Coca-Cola Europacific Partners were worth $575,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its holdings in Coca-Cola Europacific Partners by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 657,071 shares of the company's stock worth $57,185,000 after purchasing an additional 13,981 shares during the last quarter. Siemens Fonds Invest GmbH increased its position in Coca-Cola Europacific Partners by 79.1% during the 4th quarter. Siemens Fonds Invest GmbH now owns 16,226 shares of the company's stock worth $1,246,000 after buying an additional 7,165 shares during the period. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Coca-Cola Europacific Partners by 52.0% during the first quarter. China Universal Asset Management Co. Ltd. now owns 11,385 shares of the company's stock worth $991,000 after buying an additional 3,893 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Coca-Cola Europacific Partners by 12.3% during the fourth quarter. Cetera Investment Advisers now owns 31,339 shares of the company's stock worth $2,407,000 after buying an additional 3,435 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Coca-Cola Europacific Partners by 7.3% in the fourth quarter. Deutsche Bank AG now owns 1,689,202 shares of the company's stock valued at $129,748,000 after acquiring an additional 114,754 shares during the period. Institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP stock traded up $1.46 during trading hours on Friday, reaching $88.88. The company's stock had a trading volume of 1,999,238 shares, compared to its average volume of 1,682,790. Coca-Cola Europacific Partners has a fifty-two week low of $73.40 and a fifty-two week high of $100.67. The firm's 50 day simple moving average is $93.87 and its 200-day simple moving average is $90.11. 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 company has a market capitalization of $40.97 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 2.58 and a beta of 0.78.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. 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. 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 reissued a "buy" rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. UBS Group lifted their price objective on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, 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 report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $90.43.

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.