Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Short Interest Update

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Get Free Report) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 3,960,000 shares, a growth of 10.6% from the January 15th total of 3,580,000 shares. Approximately 1.9% of the company's shares are short sold. Based on an average daily volume of 1,510,000 shares, the short-interest ratio is currently 2.6 days.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. downgraded shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and cut their price target for the company from $85.00 to $82.00 in a report on Wednesday, November 27th. Morgan Stanley raised Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. Barclays cut their target price on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Sanford C. Bernstein initiated coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a "market perform" rating and a $82.00 price target for the company. Finally, UBS Group upped 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. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $85.00.

Coca-Cola Europacific Partners Price Performance

CCEP traded up $0.74 during trading on Friday, hitting $87.29. The stock had a trading volume of 1,774,425 shares, compared to its average volume of 1,646,748. Coca-Cola Europacific Partners 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 current ratio of 0.81 and a quick ratio of 0.63. The stock has a 50 day simple moving average of $78.29 and a two-hundred day simple moving average of $78.10.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. boosted its holdings in Coca-Cola Europacific Partners by 38.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company's stock worth $40,000 after acquiring an additional 139 shares in the last quarter. Cibc World Markets Corp boosted its stake in 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 worth $783,000 after purchasing an additional 139 shares in the last quarter. Janney Capital Management LLC increased its stake in Coca-Cola Europacific Partners by 4.4% during the 3rd quarter. Janney Capital Management LLC now owns 3,417 shares of the company's stock valued at $269,000 after purchasing an additional 145 shares in the last quarter. TIAA Trust National Association increased its stake in Coca-Cola Europacific Partners by 4.4% during the 4th quarter. TIAA Trust National Association now owns 3,420 shares of the company's stock valued at $263,000 after purchasing an additional 145 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC increased its stake in Coca-Cola Europacific Partners by 5.0% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company's stock valued at $242,000 after purchasing an additional 150 shares in the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

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.