Exane Asset Management Buys 15,259 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Exane Asset Management increased its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 204,120 shares of the company's stock after purchasing an additional 15,259 shares during the quarter. Coca-Cola Europacific Partners accounts for 8.8% of Exane Asset Management's holdings, making the stock its 4th biggest holding. Exane Asset Management's holdings in Coca-Cola Europacific Partners were worth $15,852,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its holdings in shares of Coca-Cola Europacific Partners by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company's stock worth $217,191,000 after buying an additional 32,776 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 period. Geode Capital Management LLC raised its holdings in shares of Coca-Cola Europacific Partners by 2.9% in the third quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company's stock valued at $160,138,000 after acquiring an additional 58,247 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in Coca-Cola Europacific Partners in the third quarter worth about $52,364,000. Finally, Citigroup Inc. grew its holdings in Coca-Cola Europacific Partners by 9.8% during the 3rd quarter. Citigroup Inc. now owns 630,779 shares of the company's stock worth $49,674,000 after acquiring an additional 56,551 shares in the last quarter. Hedge funds and other institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Trading Up 1.4 %

Shares of NASDAQ:CCEP traded up $1.11 during trading on Tuesday, reaching $81.53. 1,437,798 shares of the company's stock traded hands, compared to its average volume of 1,530,818. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. Coca-Cola Europacific Partners PLC has a fifty-two week low of $65.77 and a fifty-two week high of $82.32. The company has a 50-day simple moving average of $77.16 and a 200-day simple moving average of $77.47.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CCEP shares. UBS Group boosted their price target on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company 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 note on Friday, January 17th. JPMorgan Chase & Co. cut 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. Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a "market perform" rating and a $82.00 price target for the company. Finally, Morgan Stanley raised Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research report on Monday, December 9th. 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.