Mitsubishi UFJ Asset Management Co. Ltd. Buys 34,465 Shares of Coca-Cola Europacific Partners $CCEP

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 17.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 235,004 shares of the company’s stock after acquiring an additional 34,465 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.05% of Coca-Cola Europacific Partners worth $21,790,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CCEP. Assetmark Inc. boosted its position in shares of Coca-Cola Europacific Partners by 107.3% in the first quarter. Assetmark Inc. now owns 284 shares of the company’s stock worth $25,000 after purchasing an additional 147 shares during the period. Cullen Frost Bankers Inc. raised its position in shares of Coca-Cola Europacific Partners by 204.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company’s stock valued at $32,000 after purchasing an additional 245 shares during the period. First Horizon Advisors Inc. lifted its stake in shares of Coca-Cola Europacific Partners by 61.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $34,000 after buying an additional 138 shares in the last quarter. Motco lifted its stake in shares of Coca-Cola Europacific Partners by 285.7% during the 1st quarter. Motco now owns 405 shares of the company’s stock valued at $35,000 after buying an additional 300 shares in the last quarter. Finally, Quarry LP boosted its holdings in Coca-Cola Europacific Partners by 115.8% in the 1st quarter. Quarry LP now owns 436 shares of the company’s stock worth $38,000 after buying an additional 234 shares during the period. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

CCEP has been the topic of several research analyst reports. Morgan Stanley downgraded Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Friday, August 8th. Barclays dropped their price target on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, October 30th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Coca-Cola Europacific Partners currently has a consensus rating of “Hold” and a consensus target price of $92.40.

Coca-Cola Europacific Partners Price Performance

Shares of Coca-Cola Europacific Partners stock opened at $93.16 on Wednesday. The firm has a market cap of $42.94 billion, a PE ratio of 17.34, a PEG ratio of 2.54 and a beta of 0.74. The stock has a 50 day moving average of $89.42 and a 200 day moving average of $91.39. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 1.15. Coca-Cola Europacific Partners has a 12 month low of $73.40 and a 12 month high of $100.67.

Coca-Cola Europacific Partners Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, December 3rd. Investors of record on Friday, November 14th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a dividend yield of 283.0%.

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.