Daiwa Securities Group Inc. Buys 12,271 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Daiwa Securities Group Inc. increased its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 56.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,140 shares of the company's stock after purchasing an additional 12,271 shares during the period. Daiwa Securities Group Inc.'s holdings in Coca-Cola Europacific Partners were worth $2,279,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCEP. Global Retirement Partners LLC increased its position in Coca-Cola Europacific Partners by 97.5% during the third quarter. Global Retirement Partners LLC now owns 644 shares of the company's stock worth $39,000 after purchasing an additional 318 shares during the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in Coca-Cola Europacific Partners during the fourth quarter worth about $61,000. NBC Securities Inc. purchased a new position in Coca-Cola Europacific Partners during the third quarter worth about $73,000. ZRC Wealth Management LLC purchased a new position in Coca-Cola Europacific Partners during the fourth quarter worth about $85,000. Finally, Private Trust Co. NA boosted its stake in Coca-Cola Europacific Partners by 275.2% during the fourth quarter. Private Trust Co. NA now owns 1,827 shares of the company's stock worth $120,000 after buying an additional 1,340 shares during the period. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Up 2.2 %

CCEP stock traded up $1.52 during midday trading on Monday, reaching $69.10. 1,766,625 shares of the company were exchanged, compared to its average volume of 1,532,093. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 1.27. Coca-Cola Europacific Partners PLC has a 1-year low of $56.28 and a 1-year high of $72.67. The stock's 50-day simple moving average is $69.30 and its 200 day simple moving average is $65.34.

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) last released its quarterly earnings data on Friday, February 23rd. The company reported $1.85 earnings per share for the quarter, hitting analysts' consensus estimates of $1.85. Analysts forecast that Coca-Cola Europacific Partners PLC will post 4.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on CCEP shares. StockNews.com raised shares of Coca-Cola Europacific Partners from a "hold" rating to a "buy" rating in a research note on Monday, February 26th. Argus raised their price objective on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a "buy" rating in a research note on Tuesday, March 19th. BNP Paribas raised shares of Coca-Cola Europacific Partners from a "neutral" rating to an "outperform" rating and set a $79.00 price objective for the company in a research note on Friday, January 12th. UBS Group raised their price objective on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a "buy" rating in a research note on Monday, February 26th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a "buy" rating in a research note on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $74.02.

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.