Royal London Asset Management Ltd. raised its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 207,797 shares of the company's stock after buying an additional 15,709 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Coca-Cola Europacific Partners were worth $15,961,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Coca-Cola Europacific Partners by 307.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company's stock valued at $191,984,000 after acquiring an additional 1,839,321 shares during the period. Janus Henderson Group PLC acquired a new position in shares of Coca-Cola Europacific Partners during the third quarter valued at about $52,364,000. SG Americas Securities LLC boosted its position in shares of Coca-Cola Europacific Partners by 120.8% during the 4th quarter. SG Americas Securities LLC now owns 433,121 shares of the company's stock worth $33,268,000 after purchasing an additional 236,917 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter valued at about $14,999,000. Finally, Generate Investment Management Ltd bought a new stake in Coca-Cola Europacific Partners in the 4th quarter valued at about $14,195,000. Institutional investors and hedge funds own 31.35% of the company's stock.
Analysts Set New Price Targets
Several brokerages have issued reports on CCEP. Evercore ISI increased their price target 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. Sanford C. Bernstein assumed coverage on shares of Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They issued a "market perform" rating and a $82.00 price objective on the stock. Barclays lifted their price objective on shares of Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the company an "overweight" rating in a report on Thursday, March 6th. UBS Group raised their price target on shares of 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. Finally, Morgan Stanley upgraded Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.88.
Get Our Latest Stock Analysis on Coca-Cola Europacific Partners
Coca-Cola Europacific Partners Stock Performance
Coca-Cola Europacific Partners stock traded up $0.25 during mid-day trading on Tuesday, reaching $84.04. The company's stock had a trading volume of 1,535,803 shares, compared to its average volume of 1,466,398. The firm's fifty day moving average price is $82.00 and its two-hundred day moving average price is $79.18. 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 $88.39. The company has a market capitalization of $38.74 billion, a P/E ratio of 17.30, a PEG ratio of 4.89 and a beta of 0.91.
Coca-Cola Europacific Partners Company Profile
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Free Report)
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.
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