200,690 Shares of Coca-Cola Europacific Partners $CCEP Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 200,690 shares of the company’s stock, valued at approximately $20,412,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Amundi boosted its stake in Coca-Cola Europacific Partners by 13.4% in the first quarter. Amundi now owns 3,399,052 shares of the company’s stock valued at $308,192,000 after acquiring an additional 401,683 shares during the last quarter. Bank of America Corp DE grew its position in shares of Coca-Cola Europacific Partners by 0.6% during the 1st quarter. Bank of America Corp DE now owns 2,692,575 shares of the company’s stock valued at $244,136,000 after acquiring an additional 17,036 shares during the period. Bessemer Group Inc. grew its position in shares of Coca-Cola Europacific Partners by 14.5% during the 1st quarter. Bessemer Group Inc. now owns 2,289,254 shares of the company’s stock valued at $207,568,000 after acquiring an additional 289,080 shares during the period. Janus Henderson Group PLC bought a new position in shares of Coca-Cola Europacific Partners during the 1st quarter valued at approximately $97,058,000. Finally, Swiss National Bank increased its stake in shares of Coca-Cola Europacific Partners by 26.9% during the 1st quarter. Swiss National Bank now owns 719,614 shares of the company’s stock worth $65,247,000 after purchasing an additional 152,400 shares during the last quarter. Institutional investors own 31.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $114.00 price target (up from $110.00) on shares of Coca-Cola Europacific Partners in a report on Wednesday, September 16th. Weiss Ratings raised Coca-Cola Europacific Partners from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, October 15th. ING Group downgraded Coca-Cola Europacific Partners to a “hold” rating in a research report on Friday, September 18th. Sanford C. Bernstein restated a “market perform” rating and issued a $106.00 target price on shares of Coca-Cola Europacific Partners in a research note on Wednesday, August 5th. Finally, Barclays dropped their price objective on shares of Coca-Cola Europacific Partners from $119.00 to $112.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $107.11.

Coca-Cola Europacific Partners Trading Up 2.1%

Coca-Cola Europacific Partners stock opened at $115.58 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.89 and a debt-to-equity ratio of 1.20. Coca-Cola Europacific Partners has a fifty-two week low of $84.65 and a fifty-two week high of $116.01. The firm’s fifty day moving average price is $106.20 and its 200-day moving average price is $100.74.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners plc (NASDAQ: CCEP) is a consumer beverage company and one of the world’s largest Coca-Cola bottlers. The company manufactures, distributes and sells a broad portfolio of branded beverages, including Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Fuze Tea, Powerade, Monster Energy and Costa Coffee products, depending on the market.

CCEP serves customers across Europe and the Asia-Pacific region. Its territories include Great Britain, France, Germany, Spain, Portugal, Belgium, the Netherlands, Norway, Sweden and Iceland, as well as Australia, New Zealand, Indonesia, Papua New Guinea and several Pacific island markets.