Fisher Asset Management LLC Buys Shares of 35,569 Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Fisher Asset Management LLC bought a new position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 35,569 shares of the company's stock, valued at approximately $2,732,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its position in Coca-Cola Europacific Partners by 1.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company's stock valued at $217,191,000 after purchasing an additional 32,776 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in 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 purchasing an additional 1,839,321 shares during the last quarter. Geode Capital Management LLC lifted its position in Coca-Cola Europacific Partners by 2.9% during the third quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company's stock valued at $160,138,000 after purchasing an additional 58,247 shares during the last quarter. Janus Henderson Group PLC bought a new position in Coca-Cola Europacific Partners during the third quarter valued at $52,364,000. Finally, Bank of New York Mellon Corp lifted its position in Coca-Cola Europacific Partners by 0.6% during the fourth quarter. Bank of New York Mellon Corp now owns 643,090 shares of the company's stock valued at $49,396,000 after purchasing an additional 3,719 shares during the last quarter. Institutional investors own 31.35% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. 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. JPMorgan Chase & Co. downgraded shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. Sanford C. Bernstein started coverage on shares of Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They issued a "market perform" rating and a $82.00 target price on the stock. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. Finally, Barclays increased their target price on shares of Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the company an "overweight" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $86.67.

Coca-Cola Europacific Partners Trading Down 2.4 %

CCEP stock traded down $2.05 during trading on Friday, hitting $82.40. The company had a trading volume of 4,142,259 shares, compared to its average volume of 1,362,110. The firm has a market capitalization of $37.98 billion, a P/E ratio of 16.95, a PEG ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners PLC has a 52-week low of $65.94 and a 52-week high of $88.39. The company has a 50 day simple moving average of $80.20 and a 200-day simple moving average of $78.87. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

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.