Groupama Asset Managment Purchases New Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Groupama Asset Managment acquired a new stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,136 shares of the company's stock, valued at approximately $239,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CCEP. Cibc World Markets Corp boosted its stake in shares of Coca-Cola Europacific Partners by 1.4% during the 4th quarter. Cibc World Markets Corp now owns 10,200 shares of the company's stock worth $783,000 after acquiring an additional 139 shares during the period. TIAA Trust National Association boosted its position in Coca-Cola Europacific Partners by 4.4% during the fourth quarter. TIAA Trust National Association now owns 3,420 shares of the company's stock worth $263,000 after purchasing an additional 145 shares during the period. Moody Lynn & Lieberson LLC boosted its position in Coca-Cola Europacific Partners by 5.0% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company's stock worth $242,000 after purchasing an additional 150 shares during the period. Blue Trust Inc. increased its holdings in shares of Coca-Cola Europacific Partners by 16.2% in the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company's stock valued at $94,000 after purchasing an additional 166 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. raised its position in shares of Coca-Cola Europacific Partners by 4.7% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 3,855 shares of the company's stock valued at $296,000 after purchasing an additional 172 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 $3.25 during mid-day trading on Wednesday, reaching $85.09. The company had a trading volume of 6,596,843 shares, compared to its average volume of 1,674,293. Coca-Cola Europacific Partners PLC has a one year low of $65.94 and a one year high of $91.29. The business's 50-day simple moving average is $84.27 and its 200 day simple moving average is $79.64. 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 firm has a market cap of $39.22 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 4.89 and a beta of 0.73.

Analyst Ratings Changes

Several brokerages recently commented on CCEP. 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. Barclays increased their target price on 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. Evercore ISI boosted their price target on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Finally, UBS Group upped their price objective on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a "buy" rating in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $87.00.

About Coca-Cola Europacific Partners

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.