Bank of Montreal Can Increases Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Bank of Montreal Can raised its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 284,675 shares of the company's stock after purchasing an additional 20,448 shares during the quarter. Bank of Montreal Can owned 0.06% of Coca-Cola Europacific Partners worth $21,866,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC lifted its position in shares of Coca-Cola Europacific Partners by 3.3% during the 4th quarter. FMR LLC now owns 7,234,642 shares of the company's stock valued at $555,693,000 after acquiring an additional 229,679 shares during the period. Federated Hermes Inc. increased its position in Coca-Cola Europacific Partners by 27.0% in the 4th quarter. Federated Hermes Inc. now owns 44,070 shares of the company's stock valued at $3,385,000 after buying an additional 9,364 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Coca-Cola Europacific Partners in the fourth quarter worth approximately $1,504,000. Ilmarinen Mutual Pension Insurance Co bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter valued at approximately $18,242,000. Finally, Russell Investments Group Ltd. raised its position in shares of Coca-Cola Europacific Partners by 22.3% during the fourth quarter. Russell Investments Group Ltd. now owns 163,366 shares of the company's stock worth $12,538,000 after purchasing an additional 29,840 shares during the period. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Stock Up 1.7 %

CCEP stock traded up $1.52 on Thursday, hitting $89.42. 541,587 shares of the company's stock were exchanged, compared to its average volume of 1,692,698. The firm has a 50 day moving average price of $85.08 and a two-hundred day moving average price of $79.91. The stock has a market cap of $41.22 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73. 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 12-month low of $65.94 and a 12-month high of $91.29.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Evercore ISI boosted their price objective 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. Barclays increased their target price on shares of Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Finally, 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. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners has an average rating of "Moderate Buy" and an average price target of $87.13.

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.