Bank of New York Mellon Corp Buys 3,719 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Bank of New York Mellon Corp increased its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 0.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 643,090 shares of the company's stock after buying an additional 3,719 shares during the quarter. Bank of New York Mellon Corp owned about 0.14% of Coca-Cola Europacific Partners worth $49,396,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its position in Coca-Cola Europacific Partners by 85.3% in the fourth 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. Plato Investment Management Ltd purchased a new position in Coca-Cola Europacific Partners in the third quarter worth about $50,000. Brown Brothers Harriman & Co. boosted its position in Coca-Cola Europacific Partners by 1,604.0% in the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company's stock worth $67,000 after purchasing an additional 802 shares during the last quarter. Blue Trust Inc. boosted its position in 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 purchasing an additional 166 shares during the last quarter. Finally, Icon Wealth Advisors LLC purchased a new position in Coca-Cola Europacific Partners in the third quarter worth about $105,000. 31.35% of the stock is owned by hedge funds and other institutional investors.

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Coca-Cola Europacific Partners Price Performance

NASDAQ CCEP traded down $2.05 during trading hours on Friday, reaching $82.40. The company's stock had a trading volume of 4,142,259 shares, compared to its average volume of 1,362,110. The firm's 50-day moving average price is $80.20 and its 200-day moving average price is $78.87. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners PLC has a 1 year low of $65.94 and a 1 year high of $88.39. The company has a market capitalization of $37.98 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 4.89 and a beta of 0.91.

Analyst Ratings Changes

Several brokerages have issued reports on CCEP. Barclays raised their target price on Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the stock an "overweight" rating in a research report on Thursday. Morgan Stanley raised Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research report on Monday, December 9th. UBS Group lifted their price objective on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. cut Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th. Finally, Kepler Capital Markets cut Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $86.67.

About Coca-Cola Europacific Partners

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.