Franklin Resources Inc. Boosts Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Franklin Resources Inc. lifted its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 15.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 762,977 shares of the company's stock after purchasing an additional 104,423 shares during the period. Franklin Resources Inc. owned 0.17% of Coca-Cola Europacific Partners worth $58,604,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Coca-Cola Europacific Partners during the 4th quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Coca-Cola Europacific Partners by 85.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock valued at $33,000 after purchasing an additional 197 shares in the last quarter. Summit Securities Group LLC purchased a new stake in Coca-Cola Europacific Partners in the fourth quarter worth $34,000. Whipplewood Advisors LLC bought a new position in Coca-Cola Europacific Partners in the fourth quarter worth $52,000. Finally, Blue Trust Inc. lifted its position in Coca-Cola Europacific Partners by 16.2% during the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company's stock valued at $94,000 after buying an additional 166 shares during the period. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ CCEP traded up $1.74 during mid-day trading on Tuesday, reaching $84.73. The company's stock had a trading volume of 1,028,308 shares, compared to its average volume of 1,641,489. 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 stock has a 50-day moving average of $83.87 and a two-hundred day moving average of $79.55. Coca-Cola Europacific Partners PLC has a 1-year low of $65.94 and a 1-year high of $91.29. The stock has a market capitalization of $39.06 billion, a P/E ratio of 17.45, a P/E/G ratio of 4.89 and a beta of 0.73.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CCEP shares. Morgan Stanley upgraded Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a report on Monday, December 9th. 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. UBS Group increased their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Barclays boosted their price target on shares of Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. Finally, Evercore ISI boosted their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $87.00.

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.