Axiom Investors LLC DE lifted its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 52.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 112,125 shares of the company's stock after acquiring an additional 38,541 shares during the period. Axiom Investors LLC DE's holdings in Coca-Cola Europacific Partners were worth $8,612,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in CCEP. World Investment Advisors LLC bought a new position in shares of Coca-Cola Europacific Partners in the third quarter valued at approximately $6,975,000. JPMorgan Chase & Co. grew its stake in shares of Coca-Cola Europacific Partners by 43.3% in the 4th quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company's stock worth $221,835,000 after acquiring an additional 872,060 shares in the last quarter. Amundi lifted its position in shares of Coca-Cola Europacific Partners by 2.9% during the fourth 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 in the last quarter. Transform Wealth LLC grew its position in Coca-Cola Europacific Partners by 7.7% in the 4th quarter. Transform Wealth LLC now owns 138,691 shares of the company's stock worth $10,653,000 after purchasing an additional 9,864 shares in the last quarter. Finally, Catalyst Funds Management Pty Ltd purchased a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth approximately $12,075,000. Institutional investors own 31.35% of the company's stock.
Analyst Ratings Changes
Several equities research analysts recently weighed in on CCEP shares. Morgan Stanley raised Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a report on Monday, December 9th. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. Evercore ISI lifted their price target on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. UBS Group increased their price objective on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Finally, Barclays upped their price target on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $87.00.
Check Out Our Latest Analysis on Coca-Cola Europacific Partners
Coca-Cola Europacific Partners Trading Down 4.1 %
NASDAQ:CCEP traded down $3.69 during trading hours on Friday, reaching $86.13. The company's stock had a trading volume of 1,364,923 shares, compared to its average volume of 1,621,076. The firm has a market capitalization of $39.70 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 4.89 and a beta of 0.73. The firm has a 50-day simple moving average of $83.63 and a 200-day simple moving average of $79.54. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. Coca-Cola Europacific Partners PLC has a 1 year low of $65.94 and a 1 year high of $92.09.
About Coca-Cola Europacific Partners
(
Free Report)
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.
Featured Stories
Before you consider Coca-Cola Europacific Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coca-Cola Europacific Partners wasn't on the list.
While Coca-Cola Europacific Partners currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
