M&G Plc Raises Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

M&G Plc grew its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 0.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 251,196 shares of the company’s stock after acquiring an additional 591 shares during the quarter. M&G Plc’s holdings in Coca-Cola Europacific Partners were worth $19,844,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. increased its position in shares of Coca-Cola Europacific Partners by 38.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock valued at $40,000 after acquiring an additional 139 shares during the period. New Millennium Group LLC purchased a new stake in Coca-Cola Europacific Partners in the second quarter worth about $37,000. Crewe Advisors LLC bought a new stake in Coca-Cola Europacific Partners during the 1st quarter valued at approximately $36,000. New Covenant Trust Company N.A. bought a new position in shares of Coca-Cola Europacific Partners in the 1st quarter worth approximately $36,000. Finally, Mather Group LLC. lifted its position in Coca-Cola Europacific Partners by 142.0% during the second quarter. Mather Group LLC. now owns 668 shares of the company’s stock valued at $47,000 after buying an additional 392 shares during the period. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Up 1.0 %

Shares of NASDAQ:CCEP opened at $77.26 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners PLC has a 1 year low of $59.31 and a 1 year high of $82.32. The stock’s fifty day moving average price is $78.70 and its 200-day moving average price is $75.58.

Analyst Ratings Changes

A number of analysts have recently weighed in on CCEP shares. Citigroup raised shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. BNP Paribas downgraded shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price for the company. in a research note on Tuesday, September 10th. Evercore ISI lifted their target price on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Finally, Barclays lifted their price objective on Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the company an “overweight” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.22.

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.