Capula Management Ltd Takes $3.46 Million Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Capula Management Ltd acquired a new stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 44,978 shares of the company's stock, valued at approximately $3,455,000.

A number of other institutional investors have also modified their holdings of CCEP. Invesco Ltd. lifted its holdings in shares of Coca-Cola Europacific Partners by 26.3% during the 4th quarter. Invesco Ltd. now owns 10,119,928 shares of the company's stock valued at $777,312,000 after acquiring an additional 2,105,019 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Coca-Cola Europacific Partners by 7.7% during the fourth quarter. Bank of Montreal Can now owns 284,675 shares of the company's stock worth $21,866,000 after purchasing an additional 20,448 shares in the last quarter. FMR LLC boosted its position in shares of Coca-Cola Europacific Partners by 3.3% in the fourth quarter. FMR LLC now owns 7,234,642 shares of the company's stock worth $555,693,000 after buying an additional 229,679 shares during the period. Federated Hermes Inc. grew its stake in shares of Coca-Cola Europacific Partners by 27.0% in the fourth 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. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter valued at about $1,504,000. Hedge funds and other institutional investors own 31.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CCEP shares. Barclays upped their price target on Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the stock an "overweight" rating in a report on Friday. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. Finally, Evercore ISI lifted their price target 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 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 company's stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners currently has an average rating of "Moderate Buy" and an average target price of $87.13.

Coca-Cola Europacific Partners Stock Up 1.9 %

NASDAQ CCEP traded up $1.61 during trading hours on Friday, reaching $86.60. 2,756,288 shares of the company traded hands, compared to its average volume of 1,688,807. The company has a 50 day moving average of $84.58 and a two-hundred day moving average of $79.73. The stock has a market capitalization of $39.92 billion, a PE ratio of 17.82, a PEG ratio of 4.89 and a beta of 0.73. Coca-Cola Europacific Partners PLC has a 12 month low of $65.94 and a 12 month high of $91.29. 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.