Compound Global Advisors LLC Invests $307,000 in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Compound Global Advisors LLC acquired a new position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,000 shares of the company's stock, valued at approximately $307,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. 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 third 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 buying an additional 1,839,321 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Coca-Cola Europacific Partners during the third quarter valued at about $52,364,000. Vontobel Holding Ltd. lifted its position in shares of Coca-Cola Europacific Partners by 2,575.0% during the third quarter. Vontobel Holding Ltd. now owns 256,029 shares of the company's stock valued at $20,244,000 after buying an additional 246,458 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Coca-Cola Europacific Partners by 120.8% during the fourth quarter. SG Americas Securities LLC now owns 433,121 shares of the company's stock valued at $33,268,000 after buying an additional 236,917 shares during the last quarter. Finally, Generate Investment Management Ltd purchased a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter valued at about $14,195,000. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

NASDAQ:CCEP traded up $2.19 during midday trading on Friday, hitting $84.90. The company's stock had a trading volume of 2,466,593 shares, compared to its average volume of 1,597,066. Coca-Cola Europacific Partners PLC has a fifty-two week low of $65.94 and a fifty-two week high of $85.61. The firm's 50 day moving average is $77.39 and its 200-day moving average is $77.59. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63.

Wall Street Analyst Weigh In

Several analysts have commented on CCEP shares. Barclays decreased their price target 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. JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th. UBS Group increased their price objective 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. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research report on Monday, December 9th. Finally, Sanford C. Bernstein initiated coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a "market perform" rating and a $82.00 price objective for the company. Four 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $84.11.

Coca-Cola Europacific Partners Company 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.