Barclays PLC Boosts Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Barclays PLC boosted its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 236.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,804,855 shares of the company's stock after buying an additional 1,268,401 shares during the quarter. Barclays PLC owned approximately 0.39% of Coca-Cola Europacific Partners worth $138,631,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MML Investors Services LLC raised its stake in Coca-Cola Europacific Partners by 6.4% during the 3rd quarter. MML Investors Services LLC now owns 6,390 shares of the company's stock worth $503,000 after acquiring an additional 384 shares during the period. Virtu Financial LLC lifted its stake in shares of Coca-Cola Europacific Partners by 133.7% during the 3rd quarter. Virtu Financial LLC now owns 15,139 shares of the company's stock valued at $1,192,000 after buying an additional 8,661 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in Coca-Cola Europacific Partners by 5.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 32,190 shares of the company's stock worth $2,518,000 after buying an additional 1,567 shares during the period. World Investment Advisors LLC bought a new stake in Coca-Cola Europacific Partners during the third quarter valued at about $6,975,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Coca-Cola Europacific Partners in the third quarter valued at about $165,000. 31.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CCEP shares. Barclays increased their price objective on shares of Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the company an "overweight" rating in a report on Friday, April 11th. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. Finally, Evercore ISI raised their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, four have issued 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, Coca-Cola Europacific Partners currently has an average rating of "Moderate Buy" and an average price target of $87.13.

Coca-Cola Europacific Partners Stock Up 1.6 %

Coca-Cola Europacific Partners stock traded up $1.41 during mid-day trading on Friday, reaching $89.31. 1,472,082 shares of the company were exchanged, compared to its average volume of 1,699,619. Coca-Cola Europacific Partners PLC has a 12-month low of $66.57 and a 12-month high of $91.29. The business has a fifty day moving average of $85.41 and a 200 day moving average of $80.06. The firm has a market cap of $41.17 billion, a P/E ratio of 18.38, a PEG 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 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.