Sumitomo Mitsui Trust Group Inc. Purchases 28,867 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Sumitomo Mitsui Trust Group Inc. boosted its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 5.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 550,630 shares of the company’s stock after buying an additional 28,867 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Coca-Cola Europacific Partners were worth $42,294,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bleakley Financial Group LLC raised its stake in shares of Coca-Cola Europacific Partners by 14.8% in the fourth quarter. Bleakley Financial Group LLC now owns 11,104 shares of the company’s stock worth $853,000 after purchasing an additional 1,434 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Coca-Cola Europacific Partners by 9.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 88,230 shares of the company’s stock worth $6,746,000 after buying an additional 7,378 shares in the last quarter. Golden State Equity Partners raised its position in Coca-Cola Europacific Partners by 44.3% in the 4th quarter. Golden State Equity Partners now owns 5,197 shares of the company’s stock worth $399,000 after buying an additional 1,596 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its stake in Coca-Cola Europacific Partners by 28.6% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 7,492 shares of the company’s stock valued at $575,000 after acquiring an additional 1,667 shares during the period. Finally, Caprock Group LLC lifted its stake in Coca-Cola Europacific Partners by 5.1% during the 4th quarter. Caprock Group LLC now owns 8,703 shares of the company’s stock valued at $669,000 after acquiring an additional 426 shares during the period. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CCEP has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $85.00 to $82.00 in a research note on Wednesday, November 27th. UBS Group lifted their target price on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Evercore ISI raised their price target on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Finally, Barclays dropped their target price on 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. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.11.

Coca-Cola Europacific Partners Trading Up 0.5 %

NASDAQ CCEP opened at $80.42 on Tuesday. Coca-Cola Europacific Partners PLC has a 52 week low of $65.77 and a 52 week 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. The stock’s 50-day moving average price is $77.08 and its 200-day moving average price is $77.42.

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.