Howard Capital Management Inc. Takes $340,000 Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Howard Capital Management Inc. acquired 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 disclosure with the SEC. The firm acquired 4,425 shares of the company's stock, valued at approximately $340,000.

Several other institutional investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 307.3% in 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 acquiring an additional 1,839,321 shares during the period. Janus Henderson Group PLC acquired a new position in Coca-Cola Europacific Partners during the third quarter worth approximately $52,364,000. SG Americas Securities LLC raised its holdings in shares of Coca-Cola Europacific Partners by 120.8% in the 4th quarter. SG Americas Securities LLC now owns 433,121 shares of the company's stock worth $33,268,000 after purchasing an additional 236,917 shares during the period. Generate Investment Management Ltd purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter worth $14,195,000. Finally, Verde Servicos Internacionais S.A. acquired a new stake in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $14,124,000. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Trading Up 0.2 %

Shares of CCEP stock traded up $0.14 on Friday, hitting $86.26. The company had a trading volume of 2,235,891 shares, compared to its average volume of 1,721,982. Coca-Cola Europacific Partners PLC has a twelve month low of $65.94 and a twelve month high of $88.39. The stock's 50-day moving average is $79.12 and its two-hundred day moving average is $78.47. The firm has a market cap of $39.76 billion, a P/E ratio of 17.75, a P/E/G ratio of 4.89 and a beta of 0.91. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81.

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Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. UBS Group upped their price target on 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 dropped their target price for the stock from $85.00 to $82.00 in a report on Wednesday, November 27th. Sanford C. Bernstein initiated coverage on shares of Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They issued a "market perform" rating and a $82.00 target price for the company. Barclays lowered their price objective on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Finally, Evercore ISI raised their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $85.00.

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.