Geode Capital Management LLC Purchases 82,325 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Geode Capital Management LLC lifted its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,130,501 shares of the company's stock after purchasing an additional 82,325 shares during the period. Geode Capital Management LLC owned about 0.46% of Coca-Cola Europacific Partners worth $162,748,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CCEP. National Bank of Canada FI increased its holdings in Coca-Cola Europacific Partners by 469.8% during the fourth quarter. National Bank of Canada FI now owns 80,960 shares of the company's stock worth $6,220,000 after buying an additional 66,752 shares during the last quarter. Franklin Resources Inc. boosted its stake in Coca-Cola Europacific Partners by 15.9% in the fourth quarter. Franklin Resources Inc. now owns 762,977 shares of the company's stock valued at $58,604,000 after acquiring an additional 104,423 shares during the last quarter. Cannell & Spears LLC grew its position in shares of Coca-Cola Europacific Partners by 17.8% during the 4th quarter. Cannell & Spears LLC now owns 226,634 shares of the company's stock valued at $17,408,000 after acquiring an additional 34,185 shares during the period. Axiom Investors LLC DE increased its stake in shares of Coca-Cola Europacific Partners by 52.4% during the 4th quarter. Axiom Investors LLC DE now owns 112,125 shares of the company's stock worth $8,612,000 after purchasing an additional 38,541 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Coca-Cola Europacific Partners by 4.0% in the 4th quarter. Wellington Management Group LLP now owns 480,085 shares of the company's stock worth $36,919,000 after purchasing an additional 18,300 shares during the period. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Price Performance

NASDAQ CCEP traded up $1.61 during trading hours on Friday, hitting $86.60. The company had a trading volume of 2,756,288 shares, compared to its average volume of 1,687,449. 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 firm has a market capitalization of $39.92 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 4.89 and a beta of 0.73. Coca-Cola Europacific Partners PLC has a 52 week low of $65.94 and a 52 week high of $91.29. The firm has a 50 day simple moving average of $84.58 and a 200 day simple moving average of $79.73.

Analyst Ratings Changes

CCEP has been the subject of several research reports. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. Barclays increased their price target on Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the stock an "overweight" rating in a research note on Friday. UBS Group boosted their price objective on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Finally, Evercore ISI upped their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $87.13.

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.