Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Holdings Lifted by Fmr LLC

FMR LLC lifted its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,234,642 shares of the company's stock after purchasing an additional 229,679 shares during the quarter. FMR LLC owned about 1.57% of Coca-Cola Europacific Partners worth $555,693,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in CCEP. LPL Financial LLC lifted its stake in Coca-Cola Europacific Partners by 28.1% in the fourth quarter. LPL Financial LLC now owns 117,700 shares of the company's stock valued at $9,041,000 after buying an additional 25,840 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Coca-Cola Europacific Partners by 43.3% during the 4th quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company's stock valued at $221,835,000 after purchasing an additional 872,060 shares during the period. New Age Alpha Advisors LLC bought a new position in Coca-Cola Europacific Partners in the 4th quarter worth about $446,000. World Investment Advisors LLC acquired a new stake in shares of Coca-Cola Europacific Partners in the third quarter valued at approximately $6,975,000. Finally, Amundi raised its holdings 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 buying an additional 87,675 shares during the last quarter. Institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Trading Up 1.5 %

NASDAQ CCEP traded up $1.26 on Monday, hitting $87.86. 470,394 shares of the company were exchanged, compared to its average volume of 1,684,229. Coca-Cola Europacific Partners PLC has a twelve month low of $65.94 and a twelve month high of $91.29. The company's 50 day moving average price is $84.58 and its 200-day moving average price is $79.73. The firm has a market capitalization of $40.50 billion, a P/E ratio of 18.08, 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 current ratio of 0.81 and a quick ratio of 0.63.

Analyst Ratings Changes

CCEP has been the topic of several analyst reports. Barclays raised their target price on Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the company an "overweight" rating in a research report on Friday. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. Finally, Evercore ISI increased their target price on shares of 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.