Harvest Fund Management Co. Ltd Increases Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Harvest Fund Management Co. Ltd lifted its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 28.0% in the fourth quarter, Holdings Channel reports. The firm owned 27,144 shares of the company’s stock after buying an additional 5,942 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Coca-Cola Europacific Partners were worth $2,085,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Coca-Cola Europacific Partners by 85.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock valued at $33,000 after purchasing an additional 197 shares during the period. Whipplewood Advisors LLC purchased a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at approximately $52,000. Brown Brothers Harriman & Co. boosted its holdings in shares of 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 valued at $67,000 after purchasing an additional 802 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 16.2% in the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock valued at $94,000 after purchasing an additional 166 shares during the period. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock opened at $85.68 on Thursday. The business’s fifty day simple moving average is $81.38 and its 200-day simple moving average is $79.11. The company has a market cap of $39.49 billion, a PE ratio of 17.63, a PEG ratio of 4.89 and a beta of 0.91. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners PLC has a 12-month low of $65.94 and a 12-month high of $88.39.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CCEP shares. Sanford C. Bernstein started coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 target price for the company. Evercore ISI upped their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. lowered Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $85.00 to $82.00 in a report on Wednesday, November 27th. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. Finally, Barclays upped their target price on Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $86.88.

Coca-Cola Europacific Partners 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.