First Trust Advisors LP Boosts Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

First Trust Advisors LP lifted its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 9.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 425,565 shares of the company's stock after acquiring an additional 35,387 shares during the period. First Trust Advisors LP owned 0.09% of Coca-Cola Europacific Partners worth $32,688,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CCEP. CANADA LIFE ASSURANCE Co grew its position in Coca-Cola Europacific Partners by 9.0% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 285,414 shares of the company's stock valued at $21,907,000 after purchasing an additional 23,660 shares during the period. Marshall Wace LLP raised its holdings in shares of Coca-Cola Europacific Partners by 203.0% in the 4th quarter. Marshall Wace LLP now owns 433,377 shares of the company's stock worth $33,288,000 after acquiring an additional 290,352 shares during the last quarter. Bridgewater Associates LP bought a new position in Coca-Cola Europacific Partners in the 4th quarter valued at about $1,473,000. Mariner LLC boosted its stake in Coca-Cola Europacific Partners by 4.1% during the 4th quarter. Mariner LLC now owns 56,993 shares of the company's stock valued at $4,377,000 after purchasing an additional 2,269 shares during the last quarter. Finally, Barclays PLC increased its holdings in Coca-Cola Europacific Partners by 236.4% during the 4th quarter. Barclays PLC now owns 1,804,855 shares of the company's stock worth $138,631,000 after purchasing an additional 1,268,401 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Trading Up 1.0 %

Shares of NASDAQ CCEP traded up $0.84 during midday trading on Tuesday, reaching $88.86. The company had a trading volume of 789,684 shares, compared to its average volume of 1,708,273. The stock has a market cap of $40.96 billion, a PE ratio of 18.28, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73. Coca-Cola Europacific Partners PLC has a one year low of $70.82 and a one year high of $91.29. The firm's fifty day moving average price is $85.91 and its 200-day moving average price is $80.57. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

Analyst Ratings Changes

CCEP has been the topic of several analyst reports. Barclays lifted their target price on Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Evercore ISI upped their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Finally, Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $87.13.

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.