CIBC Asset Management Inc boosted its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 4.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 105,824 shares of the company's stock after purchasing an additional 4,420 shares during the period. CIBC Asset Management Inc's holdings in Coca-Cola Europacific Partners were worth $8,128,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Coca-Cola Europacific Partners by 38.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company's stock valued at $40,000 after purchasing an additional 139 shares during the period. Janney Capital Management LLC increased its holdings in Coca-Cola Europacific Partners by 4.4% in the third quarter. Janney Capital Management LLC now owns 3,417 shares of the company's stock valued at $269,000 after buying an additional 145 shares in the last quarter. Moody Lynn & Lieberson LLC raised its position in shares of Coca-Cola Europacific Partners by 5.0% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company's stock worth $242,000 after acquiring an additional 150 shares during the period. Blue Trust Inc. boosted its stake in shares of Coca-Cola Europacific Partners by 16.2% during the 4th quarter. Blue Trust Inc. now owns 1,189 shares of the company's stock worth $94,000 after acquiring an additional 166 shares in the last quarter. Finally, CWM LLC grew its position in shares of Coca-Cola Europacific Partners by 14.5% during the 3rd quarter. CWM LLC now owns 1,318 shares of the company's stock valued at $104,000 after acquiring an additional 167 shares during the period. Hedge funds and other institutional investors own 31.35% of the company's stock.
Coca-Cola Europacific Partners Price Performance
CCEP traded up $0.58 on Friday, reaching $87.13. 916,945 shares of the company's stock were exchanged, compared to its average volume of 1,619,991. Coca-Cola Europacific Partners PLC has a twelve month low of $65.94 and a twelve month high of $87.59. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. The stock's fifty day moving average price is $78.12 and its 200-day moving average price is $78.00.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the company. Evercore ISI upped 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. Morgan Stanley upgraded Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research report on Monday, December 9th. UBS Group boosted their price target on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Barclays reduced their price objective on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $85.00.
Check Out Our Latest Report on Coca-Cola Europacific Partners
Coca-Cola Europacific Partners Company Profile
(
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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