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

M&G Plc boosted its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,605 shares of the company’s stock after buying an additional 6,300 shares during the quarter. M&G Plc’s holdings in Coca-Cola Europacific Partners were worth $18,294,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. FIL Ltd increased its holdings in Coca-Cola Europacific Partners by 9.6% in the 4th quarter. FIL Ltd now owns 3,629,675 shares of the company’s stock valued at $242,245,000 after purchasing an additional 317,936 shares during the last quarter. Point72 Asset Management L.P. grew its stake in shares of Coca-Cola Europacific Partners by 89.3% in the fourth quarter. Point72 Asset Management L.P. now owns 2,156,056 shares of the company’s stock valued at $143,895,000 after buying an additional 1,017,278 shares in the last quarter. Fiduciary Management Inc. WI raised its holdings in shares of Coca-Cola Europacific Partners by 25.8% in the 4th quarter. Fiduciary Management Inc. WI now owns 1,785,320 shares of the company’s stock valued at $119,152,000 after buying an additional 365,820 shares during the period. LSV Asset Management grew its position in Coca-Cola Europacific Partners by 1.6% in the 4th quarter. LSV Asset Management now owns 1,367,801 shares of the company’s stock valued at $91,287,000 after acquiring an additional 21,495 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Coca-Cola Europacific Partners by 1.2% during the fourth quarter. Wells Fargo & Company MN now owns 1,066,631 shares of the company’s stock worth $71,187,000 after purchasing an additional 12,679 shares during the period. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock opened at $75.08 on Wednesday. The company has a market cap of $34.30 billion, a P/E ratio of 16.22, a PEG ratio of 3.45 and a beta of 0.89. The firm has a fifty day moving average price of $73.77 and a 200 day moving average price of $71.57. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27. Coca-Cola Europacific Partners PLC has a 12 month low of $56.28 and a 12 month high of $76.44.

Analysts Set New Price Targets

CCEP has been the subject of several recent research reports. Barclays raised their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. StockNews.com downgraded shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research note on Sunday, May 19th. Finally, Bank of America increased their price objective on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $77.10.

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.