Allianz SE Invests $381,000 in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Allianz SE acquired a new stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 5,000 shares of the company’s stock, valued at approximately $381,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CCEP. Norges Bank bought a new position in shares of Coca-Cola Europacific Partners during the 4th quarter worth approximately $190,999,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Coca-Cola Europacific Partners by 307.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock worth $191,984,000 after acquiring an additional 1,839,321 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Coca-Cola Europacific Partners by 43.3% during the 4th quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company’s stock valued at $221,835,000 after purchasing an additional 872,060 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Coca-Cola Europacific Partners in the third quarter valued at about $52,364,000. Finally, SG Americas Securities LLC increased its holdings in shares of Coca-Cola Europacific Partners by 120.8% in the fourth quarter. SG Americas Securities LLC now owns 433,121 shares of the company’s stock valued at $33,268,000 after purchasing an additional 236,917 shares during the period. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP opened at $86.30 on Monday. The stock’s 50 day moving average is $82.76 and its two-hundred day moving average is $79.33. The firm has a market capitalization of $39.78 billion, a PE ratio of 17.76, a P/E/G ratio of 4.89 and a beta of 0.91. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners PLC has a twelve month low of $65.94 and a twelve month high of $88.39.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CCEP shares. Barclays boosted their target price on shares of Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday. Evercore ISI boosted 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 report on Tuesday, February 18th. Sanford C. Bernstein started coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price target on the stock. UBS Group boosted their price objective on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. One equities research 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 company. According to MarketBeat, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and an average 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.