Nomura Asset Management Co. Ltd. Lowers Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Nomura Asset Management Co. Ltd. reduced its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,503 shares of the company’s stock after selling 1,946 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Coca-Cola Europacific Partners were worth $5,723,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at about $190,999,000. JPMorgan Chase & Co. increased its holdings in Coca-Cola Europacific Partners by 43.3% in the fourth quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company’s stock valued at $221,835,000 after buying an additional 872,060 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Coca-Cola Europacific Partners during the 3rd quarter valued at approximately $52,364,000. SG Americas Securities LLC boosted its stake in shares of Coca-Cola Europacific Partners by 120.8% during the 4th 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. Finally, Raymond James Financial Inc. acquired a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter worth approximately $14,999,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Up 0.2 %

NASDAQ CCEP opened at $87.18 on Wednesday. The company has a market cap of $40.19 billion, a P/E ratio of 17.94, a P/E/G ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners PLC has a 12 month low of $65.94 and a 12 month high of $88.39. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. The company has a 50-day moving average of $83.15 and a 200-day moving average of $79.41.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CCEP. Barclays lifted their price objective on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. UBS Group boosted their price objective on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Evercore ISI raised their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. 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 research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $87.00.

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.