Advisory Services Network LLC Acquires New Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Advisory Services Network LLC purchased a new position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,411 shares of the company's stock, valued at approximately $262,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at about $190,999,000. Invesco Ltd. grew its stake in Coca-Cola Europacific Partners by 26.3% in the fourth quarter. Invesco Ltd. now owns 10,119,928 shares of the company's stock worth $777,312,000 after purchasing an additional 2,105,019 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Coca-Cola Europacific Partners by 43.3% during the 4th quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company's stock worth $221,835,000 after buying an additional 872,060 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co purchased a new position in shares of Coca-Cola Europacific Partners during the fourth quarter valued at $18,242,000. Finally, SG Americas Securities LLC raised its holdings in shares of Coca-Cola Europacific Partners by 120.8% in the 4th quarter. SG Americas Securities LLC now owns 433,121 shares of the company's stock valued at $33,268,000 after purchasing an additional 236,917 shares in the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Evercore ISI boosted their price target on 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 target on Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. Finally, Kepler Capital Markets lowered 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 given a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of "Moderate Buy" and a consensus price target of $87.13.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock traded down $1.96 during trading hours on Wednesday, hitting $88.75. The company's stock had a trading volume of 1,896,707 shares, compared to its average volume of 2,501,148. The stock has a market cap of $40.91 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73. Coca-Cola Europacific Partners PLC has a 12-month low of $68.45 and a 12-month high of $91.29. The company has a 50 day moving average of $85.71 and a 200 day moving average of $80.25. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11.

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.