Mirae Asset Global Investments Co. Ltd. Purchases 7,378 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Mirae Asset Global Investments Co. Ltd. grew its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 9.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 88,230 shares of the company’s stock after acquiring an additional 7,378 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Coca-Cola Europacific Partners were worth $6,746,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its holdings in Coca-Cola Europacific Partners by 85.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock valued at $33,000 after buying an additional 197 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Coca-Cola Europacific Partners by 38.1% during the 3rd 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 in the last quarter. Plato Investment Management Ltd bought a new stake in Coca-Cola Europacific Partners in the third quarter valued at about $50,000. Brown Brothers Harriman & Co. raised its position in Coca-Cola Europacific Partners by 1,604.0% in the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock worth $67,000 after purchasing an additional 802 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Coca-Cola Europacific Partners by 21.5% during the third quarter. Blue Trust Inc. now owns 1,023 shares of the company’s stock worth $75,000 after purchasing an additional 181 shares during the period. 31.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CCEP has been the subject of a number of recent research reports. UBS Group increased their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Evercore ISI lifted their price objective on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. Barclays reduced their price target on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and an average target price of $84.11.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP opened at $80.03 on Friday. The stock’s fifty day simple moving average is $77.03 and its 200-day simple moving average is $77.31. Coca-Cola Europacific Partners PLC has a 12-month low of $65.77 and a 12-month high of $82.32. 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 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.