Ilmarinen Mutual Pension Insurance Co Makes New $18.24 Million Investment in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Ilmarinen Mutual Pension Insurance Co acquired a new position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 237,500 shares of the company’s stock, valued at approximately $18,242,000. Ilmarinen Mutual Pension Insurance Co owned approximately 0.05% of Coca-Cola Europacific Partners at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CCEP. Cibc World Markets Corp increased its position in shares of Coca-Cola Europacific Partners by 1.4% in the 4th quarter. Cibc World Markets Corp now owns 10,200 shares of the company’s stock valued at $783,000 after acquiring an additional 139 shares during the period. TIAA Trust National Association increased its holdings in shares of Coca-Cola Europacific Partners by 4.4% in the fourth quarter. TIAA Trust National Association now owns 3,420 shares of the company’s stock valued at $263,000 after purchasing an additional 145 shares during the period. Moody Lynn & Lieberson LLC raised its stake in shares of Coca-Cola Europacific Partners by 5.0% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company’s stock worth $242,000 after purchasing an additional 150 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Coca-Cola Europacific Partners by 16.2% during the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock worth $94,000 after purchasing an additional 166 shares during the period. Finally, Vestmark Advisory Solutions Inc. boosted its position in Coca-Cola Europacific Partners by 4.7% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 3,855 shares of the company’s stock valued at $296,000 after buying an additional 172 shares during the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CCEP. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. Evercore ISI boosted their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Barclays boosted their price objective on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, March 27th. Finally, UBS Group raised 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. One analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $87.00.

Coca-Cola Europacific Partners Stock Down 6.6 %

Shares of CCEP opened at $83.93 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The firm has a market cap of $38.69 billion, a P/E ratio of 17.27, a PEG ratio of 4.89 and a beta of 0.73. The stock’s 50 day moving average is $83.77 and its two-hundred day moving average is $79.55. Coca-Cola Europacific Partners PLC has a 12 month low of $65.94 and a 12 month high of $91.29.

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.