Generali Asset Management SPA SGR Makes New Investment in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Generali Asset Management SPA SGR acquired a new stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,448 shares of the company's stock, valued at approximately $418,000.

A number of other hedge funds have also recently modified their holdings of the business. SBI Securities Co. Ltd. purchased a new position in Coca-Cola Europacific Partners during the fourth quarter valued at $27,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Coca-Cola Europacific Partners by 85.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock worth $33,000 after purchasing an additional 197 shares during the last quarter. Whipplewood Advisors LLC bought a new position in Coca-Cola Europacific Partners in the 4th quarter worth about $52,000. Brown Brothers Harriman & Co. grew its position in Coca-Cola Europacific Partners by 1,604.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company's stock valued at $67,000 after purchasing an additional 802 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Coca-Cola Europacific Partners by 16.2% during the 4th quarter. Blue Trust Inc. now owns 1,189 shares of the company's stock valued at $94,000 after purchasing an additional 166 shares in the last quarter. Institutional investors own 31.35% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CCEP shares. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a report on Monday, December 9th. UBS Group upped their price target 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. Barclays increased their price objective on Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the company an "overweight" rating in a research report on Thursday, March 6th. Evercore ISI upped 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 research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $85.00 to $82.00 in a research note on Wednesday, November 27th. 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $86.88.

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Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ:CCEP traded up $0.35 during mid-day trading on Tuesday, reaching $84.14. 5,198,685 shares of the company traded hands, compared to its average volume of 1,466,398. Coca-Cola Europacific Partners PLC has a 52 week low of $65.94 and a 52 week high of $88.39. The firm has a market cap of $38.78 billion, a PE ratio of 17.31, a PEG ratio of 4.89 and a beta of 0.91. The company's 50 day moving average price is $82.00 and its 200-day moving average price is $79.18. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63.

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.