Catalyst Funds Management Pty Ltd Makes New Investment in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Catalyst Funds Management Pty Ltd acquired a new stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 157,200 shares of the company's stock, valued at approximately $12,075,000. Coca-Cola Europacific Partners accounts for about 3.0% of Catalyst Funds Management Pty Ltd's investment portfolio, making the stock its 4th biggest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Amundi boosted its position in Coca-Cola Europacific Partners by 2.9% during the 4th quarter. Amundi now owns 3,078,851 shares of the company's stock valued at $233,716,000 after purchasing an additional 87,675 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Coca-Cola Europacific Partners by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company's stock worth $217,191,000 after purchasing an additional 32,776 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Coca-Cola Europacific Partners by 307.3% in the third 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 purchasing an additional 1,839,321 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Coca-Cola Europacific Partners by 2.9% in the third quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company's stock worth $160,138,000 after purchasing an additional 58,247 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new position in shares of Coca-Cola Europacific Partners in the third quarter worth $52,364,000. Institutional investors and hedge funds own 31.35% of the company's stock.

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Wall Street Analysts Forecast Growth

CCEP has been the subject of several recent analyst reports. Kepler Capital Markets cut Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lowered Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $85.00 to $82.00 in a report on Wednesday, November 27th. Barclays upped their price objective on Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the company an "overweight" rating in a report on Thursday, March 6th. UBS Group upped their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Finally, Evercore ISI upped their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $86.67.

Coca-Cola Europacific Partners Stock Up 0.1 %

Coca-Cola Europacific Partners stock traded up $0.09 during mid-day trading on Wednesday, hitting $85.68. The company's stock had a trading volume of 3,790,870 shares, compared to its average volume of 1,402,460. The firm's 50 day moving average is $81.19 and its 200 day moving average is $79.07. The company has a market cap of $39.49 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. Coca-Cola Europacific Partners PLC has a 52-week low of $65.94 and a 52-week high of $88.39.

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.