National Pension Service Has $35.41 Million Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

National Pension Service increased its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 7.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 449,656 shares of the company’s stock after purchasing an additional 33,082 shares during the period. National Pension Service owned approximately 0.10% of Coca-Cola Europacific Partners worth $35,410,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Samlyn Capital LLC grew its stake in shares of Coca-Cola Europacific Partners by 23.2% in the 2nd quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company’s stock valued at $135,155,000 after purchasing an additional 349,466 shares during the period. Millennium Management LLC raised its stake in Coca-Cola Europacific Partners by 7.6% during the second quarter. Millennium Management LLC now owns 1,636,023 shares of the company’s stock worth $119,217,000 after acquiring an additional 115,604 shares in the last quarter. Point72 Asset Management L.P. raised its stake in Coca-Cola Europacific Partners by 144.1% during the second quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company’s stock worth $87,788,000 after acquiring an additional 711,121 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Coca-Cola Europacific Partners by 3.4% during the second quarter. Public Sector Pension Investment Board now owns 887,013 shares of the company’s stock valued at $64,637,000 after acquiring an additional 29,181 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Coca-Cola Europacific Partners in the 1st quarter worth about $47,839,000. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP opened at $76.48 on Thursday. The stock’s fifty day simple moving average is $78.70 and its 200-day simple moving average is $75.58. Coca-Cola Europacific Partners PLC has a 12-month low of $59.31 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.

Analysts Set New Price Targets

Several brokerages recently issued reports on CCEP. BNP Paribas downgraded shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price target for the company. in a report on Tuesday, September 10th. Bank of America lifted their target price on shares of 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. Barclays decreased their price target on Coca-Cola Europacific Partners from $85.00 to $84.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft lifted their price objective on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Finally, Evercore ISI increased their target price on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.00.

About Coca-Cola Europacific Partners

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.