Invesco Ltd. Increases Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Invesco Ltd. grew its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 26.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,119,928 shares of the company's stock after purchasing an additional 2,105,019 shares during the quarter. Invesco Ltd. owned approximately 2.20% of Coca-Cola Europacific Partners worth $777,312,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Cibc World Markets Corp lifted its position 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 valued at $783,000 after buying an additional 139 shares in the last quarter. TIAA Trust National Association raised its position in shares of Coca-Cola Europacific Partners by 4.4% during the 4th quarter. TIAA Trust National Association now owns 3,420 shares of the company's stock valued at $263,000 after purchasing an additional 145 shares during the period. Moody Lynn & Lieberson LLC boosted its holdings in Coca-Cola Europacific Partners by 5.0% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company's stock worth $242,000 after buying an additional 150 shares during the period. Blue Trust Inc. raised its holdings 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 acquiring an additional 166 shares during the period. Finally, Vestmark Advisory Solutions Inc. boosted its stake 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 worth $296,000 after acquiring an additional 172 shares during the period. Institutional investors own 31.35% of the company's stock.

Analysts Set New Price Targets

CCEP has been the subject of several recent analyst reports. Evercore ISI upped their price target on 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. Barclays raised their target price on shares of Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. One 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's stock. 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 Trading Up 1.9 %

Shares of NASDAQ:CCEP traded up $1.61 during trading on Friday, reaching $86.60. The company's stock had a trading volume of 2,756,288 shares, compared to its average volume of 1,688,807. The firm's 50 day simple moving average is $84.58 and its two-hundred day simple moving average is $79.73. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners PLC has a 12 month low of $65.94 and a 12 month high of $91.29. The stock has a market capitalization of $39.92 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73.

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.