Aster Capital Management DIFC Ltd Buys New Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Aster Capital Management DIFC Ltd purchased a new position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,580 shares of the company’s stock, valued at approximately $1,504,000. Coca-Cola Europacific Partners accounts for approximately 0.6% of Aster Capital Management DIFC Ltd’s investment portfolio, making the stock its 25th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in the stock. Ilmarinen Mutual Pension Insurance Co purchased a new position in Coca-Cola Europacific Partners during the fourth quarter valued at $18,242,000. Russell Investments Group Ltd. boosted its holdings in shares of Coca-Cola Europacific Partners by 22.3% during the 4th quarter. Russell Investments Group Ltd. now owns 163,366 shares of the company’s stock valued at $12,538,000 after purchasing an additional 29,840 shares during the last quarter. Aviva PLC grew its position in shares of Coca-Cola Europacific Partners by 4.0% during the fourth quarter. Aviva PLC now owns 276,790 shares of the company’s stock valued at $21,260,000 after purchasing an additional 10,720 shares in the last quarter. Groupama Asset Managment bought a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter worth about $239,000. Finally, Headlands Technologies LLC lifted its position in shares of Coca-Cola Europacific Partners by 109.4% in the fourth quarter. Headlands Technologies LLC now owns 29,473 shares of the company’s stock worth $2,264,000 after buying an additional 15,399 shares in the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Performance

Coca-Cola Europacific Partners stock opened at $83.93 on Friday. 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 firm has a market capitalization of $38.69 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73. Coca-Cola Europacific Partners PLC has a 1-year low of $65.94 and a 1-year high of $91.29. The company’s 50-day moving average is $83.77 and its 200 day moving average is $79.54.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on CCEP shares. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. 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 research report on Tuesday, February 18th. Barclays increased their price objective 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, March 27th. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. Finally, UBS Group increased their price target on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.