Coca-Cola Europacific Partners $CCEP Shares Purchased by National Pension Service

National Pension Service boosted its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 23.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 65,302 shares of the company’s stock after acquiring an additional 12,468 shares during the period. National Pension Service’s holdings in Coca-Cola Europacific Partners were worth $6,535,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. California State Teachers Retirement System increased its stake in shares of Coca-Cola Europacific Partners by 8,692.1% during the second quarter. California State Teachers Retirement System now owns 17,141,791 shares of the company’s stock worth $1,715,379,000 after buying an additional 16,946,824 shares during the period. SEB Asset Management AB acquired a new stake in Coca-Cola Europacific Partners in the first quarter valued at approximately $6,759,000. Arrowstreet Capital Limited Partnership lifted its stake in Coca-Cola Europacific Partners by 157.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 493,118 shares of the company’s stock worth $44,715,000 after acquiring an additional 301,910 shares during the last quarter. Hsbc Holdings PLC lifted its stake in Coca-Cola Europacific Partners by 47.0% in the first quarter. Hsbc Holdings PLC now owns 167,835 shares of the company’s stock worth $15,203,000 after acquiring an additional 53,696 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new position in Coca-Cola Europacific Partners during the 1st quarter worth approximately $97,058,000. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP opened at $102.77 on Friday. Coca-Cola Europacific Partners has a 52-week low of $84.65 and a 52-week high of $113.67. The company has a quick ratio of 0.68, a current ratio of 0.89 and a debt-to-equity ratio of 1.20. The stock has a 50 day moving average price of $106.99 and a 200 day moving average price of $100.50.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, July 2nd. Barclays lifted their price objective on shares of Coca-Cola Europacific Partners from $114.00 to $119.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. reiterated 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. UBS Group lowered Coca-Cola Europacific Partners from a “buy” rating to a “neutral” rating and dropped their target price for the company from $109.00 to $107.00 in a report on Thursday, August 13th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $106.00 price target on shares of Coca-Cola Europacific Partners in a research note on Wednesday, August 5th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $108.44.

About Coca-Cola Europacific Partners

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.