Alliancebernstein L.P. Has $109.51 Million Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Alliancebernstein L.P. lessened its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,425,759 shares of the company's stock after selling 23,512 shares during the quarter. Alliancebernstein L.P. owned about 0.31% of Coca-Cola Europacific Partners worth $109,513,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCEP. SBI Securities Co. Ltd. acquired a new position in shares of Coca-Cola Europacific Partners in the fourth quarter worth about $27,000. MassMutual Private Wealth & Trust FSB increased its holdings in Coca-Cola Europacific Partners by 85.3% during 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. Summit Securities Group LLC purchased a new position in shares of Coca-Cola Europacific Partners during the 4th quarter valued at approximately $34,000. Whipplewood Advisors LLC acquired a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth approximately $52,000. Finally, Blue Trust Inc. increased its stake in shares of Coca-Cola Europacific Partners by 16.2% in the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company's stock worth $94,000 after buying an additional 166 shares during the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP stock traded down $0.47 during mid-day trading on Monday, hitting $83.47. 1,448,803 shares of the stock traded hands, compared to its average volume of 1,633,336. Coca-Cola Europacific Partners PLC has a twelve month low of $65.94 and a twelve month high of $91.29. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. The company's 50-day simple moving average is $83.77 and its 200-day simple moving average is $79.53. The firm has a market cap of $38.47 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CCEP shares. UBS Group raised their price objective on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. Evercore ISI increased their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Morgan Stanley raised Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research report on Monday, December 9th. Finally, Barclays increased their price objective on shares of Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the stock an "overweight" rating in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $87.00.

Coca-Cola Europacific Partners Company 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.