Mitsubishi UFJ Asset Management Co. Ltd. Has $13.75 Million Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 8.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 180,588 shares of the company’s stock after buying an additional 14,284 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Coca-Cola Europacific Partners were worth $13,752,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Janus Henderson Group PLC acquired a new stake in Coca-Cola Europacific Partners during the 3rd quarter worth approximately $52,364,000. SG Americas Securities LLC increased its position in shares of Coca-Cola Europacific Partners by 120.8% during the fourth quarter. SG Americas Securities LLC now owns 433,121 shares of the company’s stock worth $33,268,000 after acquiring an additional 236,917 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth $14,999,000. Generate Investment Management Ltd bought a new stake in Coca-Cola Europacific Partners in the 4th quarter valued at $14,195,000. Finally, Verde Servicos Internacionais S.A. bought a new stake in Coca-Cola Europacific Partners in the 4th quarter valued at $14,124,000. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Up 0.8 %

Coca-Cola Europacific Partners stock opened at $87.03 on Tuesday. Coca-Cola Europacific Partners PLC has a fifty-two week low of $65.94 and a fifty-two week high of $88.39. The firm has a market capitalization of $40.12 billion, a PE ratio of 17.91, a P/E/G ratio of 4.89 and a beta of 0.91. The company’s 50-day moving average is $82.96 and its 200-day moving average is $79.37. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63.

Analyst Upgrades and Downgrades

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

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.