LPL Financial LLC Buys 25,840 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

LPL Financial LLC increased its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 28.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 117,700 shares of the company's stock after buying an additional 25,840 shares during the quarter. LPL Financial LLC's holdings in Coca-Cola Europacific Partners were worth $9,041,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CCEP. Cibc World Markets Corp boosted its stake in shares of Coca-Cola Europacific Partners by 1.4% in the 4th quarter. Cibc World Markets Corp now owns 10,200 shares of the company's stock valued at $783,000 after purchasing an additional 139 shares in the last quarter. Moody Lynn & Lieberson LLC grew its stake in shares of Coca-Cola Europacific Partners by 5.0% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company's stock worth $242,000 after buying an additional 150 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Coca-Cola Europacific Partners by 16.2% during the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company's stock worth $94,000 after buying an additional 166 shares in the last quarter. Vestmark Advisory Solutions Inc. lifted its stake in shares of Coca-Cola Europacific Partners by 4.7% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 3,855 shares of the company's stock valued at $296,000 after acquiring an additional 172 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of Coca-Cola Europacific Partners by 1.6% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,936 shares of the company's stock valued at $840,000 after acquiring an additional 174 shares during the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on CCEP shares. Evercore ISI upped their price target 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. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. Barclays upped their price target on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Finally, UBS Group raised their price objective on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $87.00.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP stock traded up $3.25 during trading on Wednesday, hitting $85.09. The company had a trading volume of 6,596,843 shares, compared to its average volume of 1,674,296. The stock's 50-day moving average is $84.27 and its two-hundred day moving average is $79.64. The stock has a market capitalization of $39.22 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73. 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 52 week low of $65.94 and a 52 week high of $91.29.

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.