Harvest Fund Management Co. Ltd Purchases 4,014 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Harvest Fund Management Co. Ltd raised its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 3,649.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,124 shares of the company’s stock after acquiring an additional 4,014 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Coca-Cola Europacific Partners were worth $275,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in Coca-Cola Europacific Partners by 3.7% in the third quarter. FMR LLC now owns 6,359,772 shares of the company’s stock valued at $397,359,000 after acquiring an additional 225,744 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Coca-Cola Europacific Partners by 1.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,525,434 shares of the company’s stock valued at $157,789,000 after acquiring an additional 47,501 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Coca-Cola Europacific Partners by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 2,221,296 shares of the company’s stock valued at $138,787,000 after acquiring an additional 168,420 shares during the last quarter. Northern Trust Corp boosted its stake in Coca-Cola Europacific Partners by 24.6% in the third quarter. Northern Trust Corp now owns 1,413,900 shares of the company’s stock valued at $88,340,000 after acquiring an additional 279,218 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Coca-Cola Europacific Partners by 4.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,383,485 shares of the company’s stock valued at $86,060,000 after buying an additional 55,808 shares in the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CCEP has been the topic of a number of recent research reports. Barclays upped their price target on shares of Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. BNP Paribas upgraded shares of Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price target on the stock in a research note on Friday, January 12th. Argus upped their price target on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. StockNews.com upgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.02.

Coca-Cola Europacific Partners Price Performance

NASDAQ CCEP opened at $70.39 on Thursday. The company’s 50 day simple moving average is $69.46 and its two-hundred day simple moving average is $65.52. Coca-Cola Europacific Partners PLC has a 1 year low of $56.28 and a 1 year high of $72.67. 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 (NASDAQ:CCEP) last issued its quarterly earnings results on Friday, February 23rd. The company reported $1.85 EPS for the quarter, hitting analysts’ consensus estimates of $1.85. On average, research analysts anticipate that Coca-Cola Europacific Partners PLC will post 4.18 earnings per share for the current year.

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.